For those of you that have recently joined this list – Welcome!  You can view previous newsletters, press releases and event reports online at: www.terrafugia.com/news.html. This newsletter is sent out periodically to share updates on our progress towards delivery of the Transition® Roadable Light Sport Aircraft and general company news.

For those of you that may not have been to our website recently, now’s a great time to check back.  The Picture of the Week has been very well received.  Thanks to everyone who’s been checking for updates each Monday. You can view the full set of posts for 2008 at: www.terrafugia.com/weeklypic.html. Enjoy!

If you have any questions about Terrafugia or the Transition®, please feel free to send us an email at info@terrafugia.com. And please don’t hesitate to forward this Newsletter to a fellow aviation enthusiast!  (If you’re receiving this as a forward, you can sign up for yourself at: www.terrafugia.com/newsletter.html)

If you’re interested in reserving your airframe number today, visit www.terrafugia.com/deposit.html or contact us at sales@terrafugia.com.  For additional customer convenience, we can accept MasterCard and Visa for the full deposit amount.

Thank you for your continued interest,

- The Terrafugia Team

You may have noticed there are some updated graphics making an appearance throughout the Terrafugia website.  As progress continues on the Transition® Proof of Concept vehicle, the computer graphics have been updated to give a more accurate preview of the vehicle’s finished state.  In that spirit, and in preparation for Oshkosh this summer, the merchandise in the Terrafugia Company Store at www.terrafugia.com/store.html has also been updated. Take a minute now to get the perfect hat or T-shirt to wear to Oshkosh this summer!

Some of the updates you’ll notice in the images of the Transition® include a skylight, a graphics design for the Transition® by AirGraphics LLC, and updates to the lights and suspension.  Terrafugia would like to thank Benjamin Schweighart (www.4dartist.com) for his continued computer graphics work on the Transition®. 

Transition® Proof of Concept Development Update

The Terrafugia Proof of Concept development team has made substantial progress on the first flying and driving prototype of the Transition®.  The large composites components for the fuselage and empennage have been completed and either fully assembled or fit-checked. Detailed design has been completed. Drive- and flight-critical hardware is currently being manufactured and installed, including the suspension system. The photo at right shows a test fit of the safety glass windshield that was custom-built for the Transition® Proof of Concept.

The engineering mockup of the Transition® cockpit that made its debut at the Sport Aviation Expo in Sebring, FL is currently being given a face-lift by Oxford Aviation in Oxford, ME to be ready for the public at Oshkosh this summer.

In addition to the construction of the Proof of Concept, test plans are under development for static, drive and flight testing to be conducted over the second half of this year.

Terrafugia Meets with D.C. Leaders

Terrafugia CEO/CTO Carl Dietrich, VP of Business Development Richard Gersh, and COO Anna Mracek Dietrich visited with federal regulators in Washington, D.C. in mid-May.  Meetings with both the National Highway Traffic Safety Administration (NHTSA) and the Environmental Protection Agency (EPA) were very positive. Both agencies expressed a willingness to work with Terrafugia to bring the Transition® to the general aviation marketplace.  Falling well within the Low Volume Manufacturer limits from an automotive perspective, Terrafugia will be working with the NHTSA and EPA regulations to make the Transition® one of the safest and most environmentally friendly general aviation aircraft available.  The team also met with members of the Massachusetts congressional delegation and their staff to introduce them to the cutting-edge aircraft manufacturer that has the potential to bring a significant number of jobs to their districts.

While in the D.C. area, the team paid a visit to Waterman's Aerobile at the Smithsonian. Pictured here is Aerobile #6, built in 1937.

In preparation for the show this summer, take a look at Terrafugia’s Oshkosh 2008 Location Map. This is a NEW LOCATION, closer to the center of all the action.  You won’t want to miss Terrafugia’s third year as an exhibitor at “The World’s Greatest Aviation Celebration”.  As forum and other event schedules are finalized, information will be added to www.terrafugia.com/events.html.  Please stay tuned, and we hope to see you this summer!

More information about AirVenture itself can be found at www.airventure.org.

If you would like to reserve your airframe number before the crowds at the show, please see www.terrafugia.com/deposit.html for the necessary forms.