HondaJet Program Update Shared at NBAA 2014 First Production HondaJet Has Begun North American Demonstration Tour

October 21, 2014, U.S.A.

Corporate

ORLANDO, Fla. - Oct. 20, 2014 - Honda Aircraft Company announced today progress and HondaJet program achievements during a press conference at the 2014 National Business Aviation Association (NBAA) Convention and Exhibition in Orlando, Florida. The HondaJet has begun a demonstration tour for customers as Honda Aircraft and the HondaJet dealer network continue final preparations for entry into service.

"Over the past three weeks, many customers experienced their first flight in the HondaJet during a special demonstration tour, and we have enjoyed seeing their excitement as we showcase the aircraft’s capabilities," said Honda Aircraft Company President and CEO Michimasa Fujino. "The HondaJet program is also in the final phase of certification testing with the Federal Aviation Administration with all four flight test aircraft maintaining an intensive certification testing schedule."

Certification Flight Testing
Honda Aircraft Company has conducted extensive certification flight testing at various locations across the United States. This includes test of minimum control speed on ground (Vmcg) in Kinston, North Carolina; high-field operation test in Telluride, Colorado; high-elevation field performance test in Roswell, New Mexico; crosswind landing test in Lubbock, Texas; avionics system test in Wichita, Kansas; and extreme cold weather testing at Eglin Air Force Base in Florida.

The HondaJet has logged more than 2,000 flight hours on the flight test fleet and has conducted testing at more than 70 locations across the U.S.

HondaJet North American Demonstration Tour
In September, the first production HondaJet started a demonstration tour with dealers in the United States and Canada. U.S. cities have included Salt Lake City; Des Moines, Iowa; and Greensboro, North Carolina. Canadian cities included Calgary, Edmonton, and Toronto. More than 100 passengers have experienced the HondaJet at these locations. The tour will continue immediately after NBAA with stops in Fort Lauderdale, Florida; San Antonio; Monterrey and Toluca, Mexico; Phoenix; and Southern California.

"Our customers are very excited with the climb performance, speed, and comfort of the HondaJet, and have consistently remarked how quiet it is in operation. They are also impressed with the spaciousness of the cabin and its interior fit and finish," said Fujino. “Our effort to design the best interior with a focus on human factors has been appreciated by customers."

Production Workforce Increases by More Than 300
At Honda Aircraft Company’s world headquarters in Greensboro, North Carolina, production is ramping up and the final assembly line is full with 11 aircraft. The second production HondaJet is nearing build completion. Honda Aircraft anticipates its first flight in the next few months.

The company has also hired and trained more than 300 assembly technicians in the last 14 months to support aircraft production and its continued ramp-up. Honda Aircraft anticipates adding an additional 150 production jobs prior to entry into service.

To support production ramp-up, Honda Aircraft has integrated the latest technology with HondaJet assembly technicians using hand-held tablets that deliver work instructions. A fully interactive parts list allows technicians to easily identify parts and their assembly. These devices improve production efficiency and have the capability to expedite the interface between the assembly line and inspection.

Honda Aircraft Company World Headquarters Expansion
Honda Aircraft also announced that the company is expanding its world headquarters located at the Piedmont Triad International Airport in Greensboro, North Carolina, to accommodate increasing sales activity and add a dedicated hangar for delivery preparation. Construction has begun on two projects, which include a 49,968-square-foot expansion of the main headquarters building and the addition of a 24,405-square-foot hangar to support aircraft production and delivery. Both projects are scheduled for completion in the second half of 2015. The $19 million expansion will bring Honda's total capital investment in Honda Aircraft Company's facilities to approximately $160 million and increase its total square footage to more than 680,000 square feet.

"Honda Aircraft has experienced remarkable growth in both our workforce and infrastructure since the company's founding in 2006," said Fujino. "Our workforce now exceeds 1,200, and the expansion is part of a phased plan to accommodate our growth."

The HondaJet Ownership Experience
Honda Aircraft is committed to providing the highest-quality training and support for the HondaJet and has partnered with FlightSafety International, the world's leading aviation training organization. The HondaJet Training Center is operational with FlightSafety representatives working onsite. The full-motion, Level D simulator hardware has been completed with software integration underway. The simulator will be installed at the HondaJet Training Center in the first quarter of 2015. Pilot training will include type rating and recurrent pilot training programs for both single and multicrew operations.

Since the opening of Honda Aircraft Company's customer service facility in 2013, the company has been preparing to support customers and dealers around the world. A 24/7 technical support center will be ready to assist dealers in expediting the resolution of maintenance issues, including aircraft on ground (AOG) situations.

Honda Aviation Finance Company Established, Accepting Loan Applications
Honda Aviation Finance Company, LLC has been established and has begun accepting loan applications. Term loan financing will be available to qualified HondaJet customers residing in the United States.

"Honda Aircraft has an established infrastructure and network to support sales and service," said Fujino. "Together with our dealer network, we will be ready to provide our customers with an unsurpassed level of customer service from the first HondaJet delivery."

About HondaJet
The HondaJet is the world's most advanced light business jet aircraft, with best-in-class advantages in performance, comfort, quality and efficiency. The HondaJet is the fastest, highest-flying, quietest, and most fuel-efficient jet in its class. The HondaJet incorporates many technological innovations in aviation design, including the unique Over-The-Wing Engine Mount (OTWEM) configuration that dramatically improves performance and fuel efficiency by reducing aerodynamic drag. The OTWEM design also reduces cabin sound, minimizes ground-detected noise, and allows for the roomiest cabin in its class, the largest baggage capacity, and a fully serviceable private aft lavatory. The HondaJet is powered by two highly fuel-efficient GE Honda HF120 turbofan jet engines, and is equipped with the most sophisticated glass flight deck available in any light business jet, a Honda-customized Garmin® G3000 next-generation, all-glass avionics system composed of three 14-inch landscape-format displays and dual touch-screen controllers. The HondaJet is Honda's first commercial aircraft and lives up to the company's reputation for superior performance, efficiency, quality and value.

About Honda Aircraft Company
Honda Aircraft Company is a wholly owned subsidiary of American Honda Motor Co., Inc. Founded in 2006, Honda Aircraft has its heritage in more than 20 years of groundbreaking aeronautical research and development. At Honda Aircraft's world headquarters in North Carolina, the birthplace of aviation, the company's associates work in more than 600,000 square feet of state-of-the-art R&D, production, administration and customer service facilities to develop, produce, market and support the HondaJet with HondaJet dealers. The challenging spirit upon which Mr. Soichiro Honda founded Honda Motor Co., Ltd. is alive today as Honda Aircraft fulfills one of Honda's longstanding dreams to advance human mobility skyward.