Exhibit 99
PRESS RELEASE October 18, 2000
FOR IMMEDIATE RELEASE
Butler National Corporation (OTCBB - BUKS) -FAA approved Butler National
Transient Suppression Device offered as a LEASE OPTION for Boeing 747 aircraft
with Honeywell Fuel Quantity Indicating System.
[Olathe, Kansas], October 18, 2000 - Butler National Corporation is very
pleased to announce a Lease Program for the Butler Transient Suppression
Device (TSD) on Boeing 747 "Classic" aircraft equipped with the Honeywell
Fuel Quantity Indicating System. The Butler TSD was approved by the Federal
Aviation Administration (FAA) on October 6, 2000, (STC No. ST00846SE), as an
Alternate Means of Compliance (AMOC) to the requirements of Airworthiness
Directive (AD 98-20-40), which was issued after the crash of TWA 800. The
AD compliance deadline for all Boeing 747 "Classic" aircraft is November 4,
2001, approximately one year from now.
Butler National realizes that many Boeing 747 operators continue to evaluate
potential options that may be approved by the FAA in time to meet the rapidly
approaching deadline. During this evaluation process however, aircraft are
continuing to operate without the benefit of transient electrical protection
for the fuel tanks, which is a concern to Butler, the FAA and the flying
public. Because of these concerns, Butler National has decided to implement
a cost-effective TSD LEASE PROGRAM as an interim solution. The Lease Program
will allow operators to spend more time evaluating various competitive
options, while at the same time protecting their aircraft from the potential
of harmful energy levels entering the fuel tanks.
The Butler TSD LEASE PROGRAM is very simple. For only $5,000 per month per
aircraft, operators can lease and install fully warranted and FAA approved
TSD Kits on their aircraft. Each lease must be for a minimum of three
months, and 80% of the lease payments can later be applied towards the
purchase of the Butler TSD Kits, if the operator ultimately decides to
select the Butler National TSD to meet the AD requirements. Butler TSD
Kits can be installed during routine overnight maintenance, and do not
require new fuel quantity gauges or FQIS wiring.
Our Business:
Butler National Corporation operates in the Aerospace and Services business
segments. The Aerospace segment focuses on the manufacture of support
systems for "Classic" aircraft including the Boeing 747 TSD for the
Honeywell FQIS, switching equipment for Boeing/Douglas Aircraft, weapon
control systems for Boeing Helicopter and performance enhancement structural
modifications for Learjet, Cessna, Dassault and Raytheon business aircraft.
Services include electronic monitoring of water pumping stations and
temporary employee services.
Forward-Looking Information:
The information set forth above may include "forward-looking" information as
outlined in the Private Securities Litigation Reform Act of 1995. The
Cautionary Statements, filed by the Company as Exhibit 99 to the Company's
Annual Report on Form 10-K, are incorporated herein by reference and
investors are specifically referred to such Cautionary Statements for a
discussion of factors which could affect the Company's operations and
forward-looking statements contained herein.
FOR MORE INFORMATION, CONTACT:
William A. Griffith, Investor Relations Ph (913) 780-9595
Butler National Corporation Fax (913) 780-5088
19920 W. 161st Street
Olathe, KS 66062
