Aerion Launches Factory Site Selection Process

Las Vegas, NV, NBAA – November 16, 2015 Aerion CEO Doug Nichols
today announced plans for the manufacture of the AS2 supersonic business jet.
“Aerion has begun a formal search for a U.S. manufacturing location,” he said.
“We’re looking for a state-of-the art campus of more than 100 acres on a major
airport with a minimum 9,000-foot runway, and other special geophysical
requirements.” Among them will be a location within 200 nautical miles of a
supersonic flight test area, most likely one offshore.

Aerion will evaluate numerous factors including: airport suitability; road and rail
infrastructure; proximity to a deep-water port for shipped structures and
equipment; local aerospace workforce; state and local regulations; quality of life;
and regional educational institutions.

The company expects to announce the location of the assembly site in the first
half of 2016 upon formal launch of the AS2 program, and break ground in 2018.
First flight of the Aerion AS2 is planned for 2021 and certification by the FAA in
2023 with entry into service that year.

Airbus Group will provide major components and Aerion will conduct final
assembly. Both companies envision a long-term relationship for ongoing
technical support. Aerion will draw on expertise from Airbus Group for
establishing the new Aerion production facility.
“Aerion’s new American home will set the standard for 21st century aerospace
manufacturing,” said Nichols.

About Aerion Corporation
Aerion Corporation of Reno, Nevada, was formed in 2002 to introduce a new era
of practical and efficient supersonic flight. Over more than a decade, Aerion has
demonstrated advanced wing technology in conjunction with NASA and other
leading aeronautical institutions. This research includes breakthrough work in
the area of supersonic natural laminar flow, the key enabling technology behind
the company’s AS2 business jet. In 2014, Aerion entered into a collaboration
with Airbus Group to develop the Aerion AS2 Mach 1.5 supersonic jet.
Engineering is underway with first flight planned for 2021 and entry into service
in 2023. More information can be found at www.aerionsupersonic.com.