SOURCE: TransPacific Aerospace Company, Inc.

April 19, 2010 09:00 ET

Trans-Pacific Aerospace Company, Inc. Announces Plans to Pursue Business Aviation Sector

SAN JUAN CAPISTRANO, CA--(Marketwire - April 19, 2010) -  Trans-Pacific Aerospace Company, Inc. (OTCBB: TPAC) has announced plans to penetrate China's new business aviation market. Trans-Pacific Aerospace will actively begin to build its business aviation sales pipeline by leveraging its existing contacts within the commercial divisions of Boeing and Airbus.

"China is one of the world's most significant emerging markets for business jet aircraft," said Bill McKay, Trans-Pacific Aerospace CEO, "with China already in the process of building 97 new airports to accommodate the specialized ground handling and terminal facilities that corporate customers demand."

Business jet manufacturers that have already penetrated the China market include Airbus Corporate Jet with its A319 and modified A350s, Boeing Business Jets, Gulfstream and Raytheon. The buyers of corporate jets in China are typically billionaire entrepreneurs and top executives of large state-owned corporations with a global footprint. Forbes magazine recently said that China has more billionaires than any country apart from the U.S., with 64 of them in mainland China and another 25 in Hong Kong.

Trans-Pacific Aerospace Company plans to use its proprietary aerospace bearing technologies to manufacture and sell component parts for both new commercial aircraft and spares for the existing commercial fleet, initially through a joint venture in China. The component parts are referred to as self-lubricating spherical bearings, and they help with several flight critical tasks including aircraft flight controls and landing gears.

Information About Forward-Looking Statements

This press release contains or incorporates by reference "forward-looking statements" including certain information with respect to plans and strategies of Trans-Pacific Aerospace Company, Inc. For this purpose, any statements contained herein or incorporated herein by references that are not statements of historical fact may be deemed forward looking statements. Without limiting the foregoing, the words "believes," "suggests," "anticipates," "plans," "expects," and similar expressions are intended to identify forward looking statements. There are a number of events or actual results of Trans-Pacific Aerospace Company, Inc. operations that could differ materially from those indicated by such forward-looking statements.

Contact Information

  • Contact Investor Relations:
    William McKay, Chief Executive Officer
    626-755-1211
    Email Contact