Global Aircraft Solutions 'GACF' Announces the Sale of a Boeing 737-300 Aircraft to New Customer in the United Arab Emirates

Business Wire, Sept 27, 2005

TUCSON, Ariz. -- Global Aircraft Solutions Inc. (OTCBB: GACF) today announced that it has purchased a Boeing 737-300 from Jet Partners, a Lehman Brothers joint venture, and that it is selling that aircraft to an undisclosed operator in the United Arab Emirates for in excess of $7,500,000. Global Aircraft Solutions' wholly owned subsidiary, Hamilton Aerospace Technologies Inc., will provide the maintenance, paint and other services required to deliver the aircraft in accordance with the new operator's specifications. Hamilton Aerospace plans to deliver the aircraft at the Dubai Air Show on or about Nov. 19, 2005. GACF expects to book this transaction during the third and fourth quarters of 2005.

Alden Crowley, director of international sales for Hamilton Aerospace, stated, "For commercial reasons, our client has asked that Global Aircraft Solutions not disclose their name at this time. I will say that the principals involved are very prestigious, and that it has been a pleasure and a privilege working with them while structuring this transaction. We look forward to building upon our relationship with our new friends in the U.A.E. and to that time, in the near future, when we can disclose their identity publicly."

John Sawyer, president of Global Aircraft Solutions and Hamilton Aerospace, added, "Not only are we very pleased to have placed this first aircraft with this important operator in the United Arab Emirates, but we are also very pleased to have acquired this aircraft through Jet Partners, and we look forward to future aircraft trading transactions involving Jet Partners and Lehman Brothers."

About Global Aircraft Solutions

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, both divisions of Global Aircraft Solutions, operate from adjacent facilities comprising about 35 acres located at Tucson International Airport. These facilities include hangars, workshops, warehouses, offices and other buildings. Notable customers include debis AirFinance, BCI Aircraft Leasing, Q Aviation, Falcon Air Express, Jetran International, Goodrich Corp., AAR, National Jet Systems, Pemco, San Antonio Aerospace, Pegasus Aviation, Shaheen Airlines, Iraqi Airways and Aero California.

Global's 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 Global Aircraft Solutions' services, and competitive pricing pressures. In addition, other risks are detailed in Global's Form 10-KSB filed on April 4, 2005. These statements speak only as of the above date, and Global disclaims any intent or obligation to update them.