From: "Marvin Kaye" <marv@lancaironline.net>
Subject: Re: Insurance on the PropJet
To: lml
Date: Mon, 13 Jun 2005 15:32:06 -0400
Message-ID: <web-1000621@logan.com>
In-Reply-To: <56F61FFD4498E64DB11C90D0C2B618FF0FA990@lindbergh.lancair.local>
References: <56F61FFD4498E64DB11C90D0C2B618FF0FA990@lindbergh.lancair.local>
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Posted for "Kimbra Guillot" <KimbraG@lancair-kits.com>:

  Please read the attached press release that was distributed to all of
  the magazines on Friday.  This can also be located on the Lancair
  website.
   
  Regards,
  
  Kimbra Guillot
  

NEWS RELEASE
FOR IMMEDIATE RELEASE
For More Information
Contact:         Kimbra Guillot
541-923-2244
LANCAIR IV-P TURBINE IN FLIGHT COVERAGE
June 10, 2005 (Redmond, OR)

Lancair is pleased to announce that full hull coverage for the Lancair
PropJet is now available through AIG Insurance.  The following
requirements apply to the Lancair IV, Lancair IV-P and the Lancair
PropJet.

*The aircraft must be inspected and approved by a Lancair factory
representative or the aircraft must have been completed in conjunction
with the Lancair Builder's Assist program in Redmond, Oregon.

*The pilot must hold a Private, Single Engine Land, and Instrument
Flight Rules (IFR) License with 1,000 hours total time, 250 hours of
retractable gear time, having no losses, waivers or violations in the
last five years and are between the ages of 25-65.

*The pilot must complete the High Performance Aircraft Training (HPAT)
course in make and model, which consists of Ground School and
approximately fifteen hours of initial time.  After Initial Training,
pilot must complete Recurrency Training at 6 months and annually
thereafter from date of Initial Training with HPAT.  No quote will be
offered unless the insured has committed to completing the aircraft
compliance/inspection program and the pilot training program.

*If the pilot is being certified in a Lancair PropJet and has no prior
turbine experience, they must complete a minimum of 25 hours of
additional training with a HPAT, CFII trainer prior to solo or
passengers in aircraft.  This is in addition to Initial Training and
Ground School that is required of all pilots regardless of model.

*Liability is limited to $1 million per occurrence, limited to $100,000
per passenger.

*Full flight and ground coverage is available up to a maximum of
$500,000 insured value.  Values above $300,000 require an equipment list
and AIG underwriter's approval.

This agreement is effective immediately and rates can be obtained
through your local agent.  Please contact your agent for a quote as
rates will vary due to the pilot's skills and qualifications.  If you do
not meet the above criteria please wait to contact your local agent
until such time.

Lancair International Inc., founded in 1984, is celebrating its 21st
year selling the world's most successful kit aircraft manufactured in
both high performance piston and turbine models.  Lancair manufactures
the fastest amateur built piston-driven aircraft in the world.  Lancair
aircraft have set several world speed records and dominated the Sports
Class at the Reno Air Races by winning the Gold Medal for the last six
years.  For more information on Lancair International Inc.  visit
http://www.lancair-kits.com or call 541-923-2244.