FF5000 Mission Specific Design Will Reduce Global Aviation Fuel Consumption

  
    
  
  
    
      Officials of Freight Feeder Aircraft Corporation (a U.S. private 
      corporation 25% owned by Utilicraft Aerospace Industries, Inc. OTCBB: 
      UITA) reported today that due to the recent news concerning U.S. and 
      International rising aviation fuel prices (See article: Rising 
      Jet Fuel Bills Take Their Toll on Carriers . . . - www.aircargoworld.com), 
      the FF5000 Freight Feeder Aircraft has been intentionally engineered to 
      be more fuel efficient than current aircraft in the short to medium 
      range market.
    
    
      “The FF5000 has a larger and more efficient 
      useful-load/cargo-bay-volume to gross weight percentage of 53% as 
      compared to an average of 35% carried by the existing turboprop fleet,” 
      stated John J. Dupont, President and CEO of Freight Feeder Aircraft 
      Corporation. Mr. Dupont went on to say, “This 
      designed-in-efficiency causes the FF5000 to be 44% 
      more fuel efficient for each pound of revenue freight enplaned -- 
      which has been the focus of our design from the start -- and is 
      basically what the FF5000 'mission specific' design is all about.”
    
    
      It is estimated that the current turboprop world feeder fleet, that is 
      operating today, is burning an estimated 383 
      million gallons per year. If the current older aircraft fleet was 
      to be replaced by the new FF5000, the total gallons per year consumed 
      would be reduced by 44%, saving 213 
      million gallons per year of aviation fuel.
    
    
      The World Air Cargo forecast is projected to grow at a rate of 6.1% a 
      year through 2025, which will require a substantial increase in feeder 
      aircraft operations. On an annual basis this equates to a reduction 
      of 1.27 Billion gallons in fuel consumed per year when using new 
      mission specific freight feeder aircraft -- like the FF5000.
    
    
      About Freight Feeder Aircraft 
      Corporation
    
    
      Freight Feeder Aircraft Corporation is a U.S. private corporation 
      registered in the State of Wyoming. In December 2007, Freight Feeder 
      Aircraft Corporation acquired the Freight Feeder aircraft technology and 
      development program form Utilicraft Aerospace Industries, Inc., (OTCBB: 
      UITA) which included the aircraft design, related intellectual property, 
      patents, and developed hardware and software including a mockup 
      aircraft, and fuselage tooling -- with the intention of completing the 
      development of the aircraft project, and to bring the Freight Feeder 
      aircraft into commercial production for global sales into the freight 
      aircraft market.
    
    
      The Freight Feeder aircraft - now designated the FF5000 by the Company 
      -- is specifically designed to address a niche segment of the global air 
      freight market, specifically the need for a new 
      and updated state-of-the-art effective containerized freight feed air 
      transportation system requiring the 
      development and implementation of a new 
      regional-sized-container-capable turboprop-aircraft, specifically 
      designed to economically transport containerized/palletized air 
      shipments to and from regional manufacturing and freight distribution 
      facilities (located in smaller communities) to and from the major 
      international hub airports -- world-wide.
    
    
      On December 12, 2007, Utilicraft Aerospace Industries, Inc., filed a 
      Form 8K with the Securities and Exchange Commission; (See 
      details of the transaction in the UITA 8K filed on December 12, 2007)
    
    
      For more information on Freight Feeder 
      Aircraft Corporation, please visit: www.freightfeeder.com
    
    
      About Utilicraft Aerospace Industries, 
      Inc (OTCBB:UITA)
    
    
      Utilicraft Aerospace Industries, Inc. is a 25% owner of Freight Feeder 
      Aircraft Corporation. Since the strategic sale of its Freight Feeder 
      aircraft technology in December of 2007 to Freight Feeder Aircraft 
      Corporation, the Company is now focusing its 2008 business-plan 
      development efforts to actively seeking new strategic aerospace products 
      for development, particularly related to the enhancement of the Freight 
      Feeder aircraft in the air-cargo markets worldwide -- to continue to 
      build the asset base, to develop cash-flow, and to continue to build 
      shareholder value.
    
    
      On December 12, 2007, Utilicraft Aerospace Industries, Inc., filed a 
      Form 8K with the Securities and Exchange Commission announcing that with 
      the approval of fifteen (15) UITA shareholders owning approximately 
      62.53% of UITA’s common stock and its Board of 
      Directors, entered into an Asset Purchase Agreement with Freight Feeder 
      Aircraft Corporation to sell all of UITA’s 
      technology and assets to Freight Feeder Aircraft Corporation for a 25% 
      equity position in Freight Feeder Aircraft and warrants for shares of 
      Freight Feeder Aircraft Corporation’s common 
      stock, and a 1% Royalty of aircraft sales that are eventually produced 
      and delivered by Freight Feeder Aircraft Corporation. The transaction 
      has a potential value to UITA of approximately $400 million in future 
      royalties and future Freight Feeder Aircraft Corporation stock value 
      received by UITA in this transaction -- subject to the Freight Feeder 
      aircraft program reaching the production phase. (See details of the 
      transaction in the UITA 8K filed on December 12, 2007)
    
    
      For more on Utilicraft Aerospace 
      Industries, Inc, please visit: www.utilicraft.com
    
    
      Forward Looking Statements
    
    
      This press release contains “forward-looking” 
      statements within the meaning of the Private Securities Litigation 
      Reform Act of 1995. Forward-looking statements in this press release 
      involve risks and uncertainties and reflect the company’s 
      current views with respect to possible future events. Readers are 
      cautioned that no forward-looking statement can be guaranteed and actual 
      results or events may materially differ from those projected or 
      anticipated. In particular, the following factors, among others, could 
      cause actual results or events to differ materially from those described 
      in the forward-looking statements: the company’s 
      ability to obtain and fulfill contracts for the sale of products, 
      protect intellectual property rights and manage future growth; market 
      acceptance of future products; product supplier delays; design and 
      engineering certification delays or denials; and the introduction of 
      similar products by competitors. Any forward-looking statement made in 
      this press release is made as of the date of this press release, and the 
      company assumes no obligation to update any such forward-looking 
      statement, whether as a result of new information, future events, or 
      otherwise. Forward-looking statements in this press release should be 
      evaluated together with the many uncertainties that affect the company’s 
      business.
    
    
      For more information on Freight Feeder 
      Aircraft Corporation, please visit: www.freightfeeder.com