Global Aircraft Solutions' Subsidiary, Hamilton Aerospace, Announces a $750,000 Credit Facility with M&I Bank

Business Wire, Dec 21, 2004

TUCSON, Ariz. -- Global Aircraft Solutions Inc. (OTCBB: GACF) today announced that its wholly owned subsidiary, Hamilton Aerospace Technologies, has signed a $750,000 credit facility with M&I Bank (M&I). The term of this credit facility is three years, and the interest rate is fixed at 6.75% per annum. As part of this credit agreement, Hamilton Aerospace has moved all of its principal banking activities to M&I.

Gordon Hamilton, a director of both Global Aircraft Solutions and Hamilton Aerospace, stated, "This credit facility will provide working capital to help the company achieve our annual revenue and earning growth goals. We view this initial credit line as an important first step in what we look to be a fruitful long-term relationship between Hamilton Aerospace and M&I."

Frank X. Mendoza, senior vice president, M&I Bank, added, "M&I believes Hamilton Aerospace has tremendous growth possibilities. We look forward to a successful relationship with the management at Hamilton Aerospace, and to helping the company as it continues to grow and realize its full potential."

About M&I Bank

M&I Bank is an affiliate of Marshall & Ilsley Corp. (NYSE: MI), a diversified financial services corporation headquartered in Milwaukee, with $39 billion in assets. Founded in 1847, M&I Marshall and Ilsley Bank has the largest banking presence in Wisconsin, with 196 offices throughout the state. In addition, M&I has 34 locations throughout Arizona, 11 offices in metropolitan Minneapolis/St. Paul, Minn., and locations in Duluth, Minn., Las Vegas, and Naples and Bonita Springs, Fla. M&I's Southwest Bank affiliate has six offices in the St. Louis area and one office in Belleville, Ill. M&I's customer-based approach, internal growth and strategic acquisitions have made M&I a nationally recognized leader in the financial services industry.

About Global Aircraft Solutions

Through its Hamilton Aerospace and World Jet subsidiaries, Global Aircraft Solutions provides parts support and maintenance, repair and overhaul (MRO) services for large passenger jet aircraft to scheduled and charter airlines and aviation leasing companies. Hamilton Aerospace and World Jet operate from adjacent facilities comprising about 30 acres located at Tucson International Airport. These facilities include hangars, workshops, warehouses, offices and other buildings. Notable customers include United Parcel Service, Falcon Air Express, Jetran International, Goodrich Corp., AAR, National Jet Systems, Pemco, San Antonio Aerospace, Pegasus Aviation, Northern Air Cargo and Asia Pacific Airlines.

Global Aircraft Solutions' member Web site is located at www.globalaircraftsolutions.com. The Hamilton Aerospace Web site is located at www.hamaerotech.com.

Except for the historical information presented, the above statements are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 or regulations thereunder. These forward-looking statements are subject to risks and uncertainties, and actual results may differ materially. These risks include the economic health of the airline industry, demand for Hamilton Aerospace's services, and competitive pricing pressures. In addition, other risks are detailed in Global Aircraft Solutions' Form 10-KSB filed as Renegade Venture Corp. on April 15, 2003. These statements speak only as of above date, and Global Aircraft Solutions disclaims any intent or obligation to update them.