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Piper Aircaft Company Update

Photo by Ed Anderson, Vancouver, BC, Canada
(full press releases to come)

The New Piper Aircraft, Inc. is one of the leading general aviation manufacturers in the world. It is not surprising, then, that New Piper is often making headlines. New Piper has earned an industry leadership position pioneering new manufacturing concepts and maintaining strict standards of quality.

New Piper Aircraft Under New Ownership

VERO BEACH, Fla., July 21, 2003, 7:30 P.M. &emdash; The New Piper Aircraft, Inc. today announced that it is under new ownership after a buyout and recapitalization of the company sponsored by American Capital Strategies Ltd. (Nasdaq: ACAS), which now owns 94 percent of the aircraft manufacturer's voting equity. American Capital first invested in Piper in May 1998.

American Capital Strategies Invests in New Piper Aircraft

VERO BEACH, Fla., July 15, 2003 &emdash; The New Piper Aircraft, Inc. announced today that American Capital Strategies Ltd. (Nasdaq:ACAS) has purchased the company's secured bank debt. Moreover, in an effort to restructure its balance sheet and reduce its debt leverage, New Piper anticipates that a recapitalization of New Piper will occur shortly. American Capital first invested in New Piper in 1998.

Daniel Webster Demonstrates Commitment To Quality Through Piper Aircraft Purchase

VERO BEACH, Fla., June 27, 2003 &endash; In the highly competitive field of flight training operations, Daniel Webster College has chosen to underscore its commitment to training students at the highest possible level through the recent purchase of three Piper Arrows and three Piper Seminoles. The purchase was made through Columbia Aircraft Sales in Connecticut. "Daniel Webster College reviewed its fleet last year.

The University Of North Dakota Signs Up For 10 New Piper Aircraft

LAKELAND, Fla., April 2, 2003 &endash; Despite a difficult economy, The New Piper Aircraft, Inc., continues to make solid inroads in the vastly competitive trainer market segment selling "full-lines" to aviation schools. The aircraft manufacturer announced here today that it has just signed a deal for an additional 10 New Piper aircraft to the University of North Dakota (UND).

New Piper Unveils The Piper 6X And 6XT

LAKELAND, Fla., April 2, 2003 &endash; The New Piper Aircraft, Inc. today unveiled two new aircraft models, the Piper 6X and the Piper 6XT, here at the 2003 Sun 'n Fun Fly-in. The new aircraft, fixed-gear additions to the popular Saratoga II family, represent excellent value and top-notch performance at an extremely competitive price. "Pilots are looking for a high-utility airplane with terrific value," says New Piper President and CEO Chuck Suma.