AveoEngineering™ Enters Joint Venture Company in Tumut, Australia!

Kosice, Slovakia • February 16, 2009

AveoEngineering, the aeronautical engineering and avionics company headquartered in Kosice, Slovakia, announces an exciting new phase in its growth, a joint venture with its AveoAustralia and AveoAsia distribution partners in an aircraft assembly company for the AveoPhantom™ SmartPlane™. This company, Aveo Aircraft International Pty. Ltd., will be based at Tumut Aerodrome, New South Wales, Australia (Location: 440km south west of Sydney).