Honda Aircraft Company

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Honda Aircraft Company to Establish World Headquarters and Production Facility in Greensboro, North Carolina
HondaJet to be produced at new plant for delivery to customers in 2010

Honda Aircraft Company, Inc., today announced plans to establish its world headquarters in Greensboro, North Carolina, with construction of a new 215,000 square foot headquarters facility and hangar at Piedmont Triad International (PTI) airport. The company also confirmed plans to manufacture its advanced light jet, HondaJet, at a new plant to be constructed adjacent to its new headquarters. Further details about the production facility, including the size, scope of operations and construction timetable, will be announced at a later date. Honda plans to begin delivery of HondaJet to customers in 2010.

Initial investment for construction of the new headquarters facility and hangar will be about $40 million, plus approximately $20 million for equipment, bringing the total initial investment to $60 million. Details of additional investment for the HondaJet manufacturing facility will be announced at a later date.

Total Honda Aircraft Company employment, including all engineering, sales and marketing, manufacturing and support activities, will increase to more than 300 associates by the time the manufacturing plant reaches full capacity.

"For five years, Greensboro has served as the home of HondaJet, as we have worked to take our dream from the drawing board to the sky," said Michimasa Fujino, president & CEO of Honda Aircraft Company, Inc. "As we move steadily toward certification, production and delivery to our customers, I am excited that Greensboro will be home both to our company's world headquarters and the production of HondaJet."

Honda Aircraft Company's new headquarters will serve as the home for all HondaJet research, product engineering, sales and marketing, and service support, and will replace the company's existing 32,000 square foot hangar and office complex, also located at PTI airport. Construction of the new facility, to include a 147,000 square foot airplane hangar and approximately 68,000 square feet of office space, will begin immediately, and is scheduled to be completed in November of this year.
 
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