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GACF News Global Aircraft Solutions Announces Delivery of Two Aircraft

TUCSON, Ariz.--(BUSINESS WIRE)--Global Aircraft Solutions, Inc. (OTCBB: GACF.OB) today announced that its wholly owned subsidiary, Hamilton Aerospace Technologies, Inc., has successfully delivered two aircraft to two separate customers.

The first aircraft is a 737-200 (serial number 23105) on which Hamilton Aerospace performed heavy maintenance, paint and other return to service work. The aircraft was sold to Royal Khmer Airlines by the Company’s joint venture, JetGlobal. As previously announced, this aircraft sale and associated maintenance work will be booked by JetGlobal and Hamilton Aerospace, respectively, in the fourth quarter of 2006.

The second aircraft delivered is a 737-300 (serial number 23183) on which Hamilton Aerospace performed heavy maintenance, paint and other return to service work for BCI Aircraft Leasing. The aircraft will be operated by Atlant Soyuz, a Russian Airline owned by private investors and the City of Moscow. This is the second aircraft delivered by Hamilton Aerospace to BCI for operation by Atlant Soyuz.

Dave Querio, Chief Operating Officer of Hamilton Aerospace, commented, “It’s always great to see finished aircraft disappearing over the horizon. Not only does it mean that those assets can now start generating revenue for our clients, but it also frees up production slots at the facility so that we can keep processing our sizable backlog.”

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 Avolar Airlines, BCI Aircraft Leasing, Jetran International, Goodrich Corporation, AAR, the Mexican Presidential Fleet, Pegasus Aviation, Shaheen Airlines, Iraqi Airways, Royal Khmer Airlines and Alant Soyuz.

Global's website is located at www.globalaircraftsolutions.com. The Hamilton Aerospace website is located at www.hamaerotech.com.

Except for the historical information presented, this press release contains "forward-looking statements" made in reliance upon the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 or regulations thereunder including, but not limited to expected and estimated revenue and earnings. Forward-looking statements are made based upon management’s expectations and belief concerning future developments and their potential effect upon the Company. There can be no assurance that future developments will be in accordance with management’s expectations or that the effect of future developments on the Company will be those anticipated by management.

The words “believes,” “expects,” “intends,” “plans,” “anticipates,” “hopes,” “likely,” “will,” and similar expressions identify such forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of the Company or its subsidiaries or industry results, to differ materially from future results, performance or achievements expressed or implied by such forward-looking statements. 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 for the year ended December 31, 2005, Global’s Form 10-Q for the quarter ended March 31, 2006, Global’s 10-Q for the quarter ended June 30, 2006 and Global’s Form 10-Q for the quarter ended September 30, 2006. These statements speak only as of above date, and Global disclaims any intent or obligation to update them.