SULPHUR SPRINGS, TEXAS, JUNE 25, 2009 – American Legend Aircraft Company announced today a Cooperative Ownership Program whereby its celebrated Legend Cub can be purchased for as little as $2900 down, and flown for as little as $28 per hour. The Legend Cub is a two-place aircraft certified for sport and recreation.

The new Legend Cub Cooperative Ownership Program is made available through LetsFly.org. LetsFly is a professionally managed company in business since 1999. LetsFly has developed cooperative aircraft ownership programs, including discounts and benefits, for customers throughout the U.S. The LetsFly concept solves the myriad problems faced by pilots such as aircraft utilization, capitalization, insurance, and financing. By utilizing cooperative agreements, the cooperative efforts of its members, and other proprietary factors, the LetsFly Cooperative Ownership Program can substantially reduce the cost of flying and aircraft ownership.

Eldon Corry, President of LetsFly, stated, “We have shown that our model works. The LetsFly Cooperative Ownership Program enables pilots to achieve their goal of aircraft ownership, and do it affordably. By combining all the aspects of aircraft ownership into a single, manageable package, we can offer an attractive solution to those who wish to fly often, but prefer not to rent. Participants also enjoy other benefits, such as pride of aircraft ownership.” Corry continued, “With hundreds of cooperatives nationwide, LetsFly has become the largest aircraft cooperative in the country. We have a growing list of satisfied customers. We believe that in these increasingly tough economic times our offering represents a very appealing aircraft ownership alternative.”

American Legend Aircraft Company offers the Light-Sport Certified Legend Cub at a ready-to-fly price of $109,895. The Legend Cub is among the most affordable fixed-wing aircraft designed specifically to meet Sport Pilot rules. It burns a low 4.5 gallons per hour. Service and maintenance are known factors with the well-proven 100-horsepower Continental Motors engine. The Legend Cub can fly up to 115 miles-per-hour for cross-country trips, or as slow as 40 miles per hour, perfect for leisurely scenic flying.

Under the LetsFly Cooperative Ownership Program, customers can be flying a brand new Legend Cub for as little as a $2900 down payment, based on a one-quarter-share interest in ownership. Monthly payments will vary depending on loan interest rate, but range from $365 to $430. Hourly operational costs are estimated at the aforementioned $28 per hour, variable based on fuel and routine maintenance costs.

American Legend Aircraft Company manufactures the Legend Cub—the best selling American-manufactured light-sport aircraft for five years running. The Legend Cub is a modern aircraft based on the design of the prolific, original Piper J-3 Cub. With a long list of standard features, sport and recreational flying enthusiasts can fly affordably in a new Legend Cub with enhanced safety, comfort, and convenience.

Terms of offer and pricing subject to change. For further information on LetsFly, contact Eldon Corry at (208) 523-3073; or log on to www.letsfly.org.

For further information on the Legend Cub, contact American Legend Aircraft Company at 1810 Piper Lane, Sulphur Springs, Texas 75482; or call 903-885-7000.

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