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8-K - 8K PRESS RELEASE EXPANDS PRESENCE IN BRAZIL - BUTLER NATIONAL CORP | k021511.htm |
Exhibit 99 |
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PRESS RELEASE |
February 15, 2011 |
FOR IMMEDIATE RELEASE |
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BUTLER NATIONAL EXPANDS PRESENCE IN BRAZIL |
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OLATHE, KANSAS, February 15, 2011 - Butler National Corporation (OTC Bulletin Board: BUKS.ob - News), a leader in the growing global market for structural modification, maintenance, repair and overhaul (MRO) has been retained by OceanAir, a Brazilian MRO company, to perform special mission modifications on three Learjet Model 35 airplanes. OceanAir is part of Synergy Group."This is a highly specialized modification and electronics integration package" said Jose Efromovich. "We would only entrust such technically sophisticated work to Butler's Avcon Group. We have been working with Butler for three years and look forward to our continued relationship as we keep expanding in the rapidly growing Latin American market." Christian Vila, Director of Latin & South American sales for Butler National added, "Avcon is the leading provider of Learjet modifications in Brazil. We believe we will see strong demand for this and other Avcon modifications in the future including commercial aircraft." Synergy Group, which is the parent company of OceanAir, also owns 67% of AviancaTaca with approximately 150 aircraft. Butler National's expanded presence in Brazil continues its effort to leverage a major global growth trend in aviation. According to recently published reports the global deliveries of new aircraft are projected to total 56,900 by 2029 and the total global fleet will approach 70,000 for commercial and business aircraft. This represents more than $3 trillion in value with most of the growth coming from Latin American, Asia and the Middle East. |
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GROWTH IN INTERNATIONAL MARKETS AND THE AEROSPACE & DEFENSE INDUSTRY |
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"Our plan is to aggressively increase our footprint in international markets including Latin America. We are currently working with customers and installation centers in Argentina, Bolivia, Chile, Colombia, Mexico, as well as Brazil. That's where the growth is and that's where we'll be," concluded Butler's Vila.
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Our Business: |
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Forward-Looking Information: |
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FOR MORE INFORMATION CONTACT: |
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Humanity Worldwide Capital Group |
Ph (914) 479-9060 |
Jim Drewitz, Public Relations |
Ph (830) 669-2466 |
Butler National Corporation Investor Relations |
Ph (214) 498-7775 |
THE WORLDWIDE WEB: |