Leadership

Robert Bass, Chairman

As chairman of Aerion Corporation, Mr. Bass leads the investor group funding development of a supersonic business jet and the company's board of directors.

Mr. Bass is president of Keystone Group, L.P. and the founder of the Oak Hill family of funds comprised of over $30 billion of investments across multiple asset classes. Since inception 22 years ago, Keystone and its affiliates have made significant investments in many leading companies.

Mr. Bass is a native of Fort Worth, where his offices are based. He received his B.A. degree from Yale University and an MBA degree from Stanford Graduate School of Business. He is past Chairman of Stanford University, Stanford Management Company, the National Trust for Historic Preservation and Cook Children's Medical Center. Currently he is a Trustee of Stanford University, Director of Stanford Management Company, and a Trustee of Rockefeller University, Middlesex School and the Amon Carter Museum.

In addition, he is heavily committed to and active in numerous civic and development activities for the benefit of his community and his state and has been recognized repeatedly for his efforts.

Brian Barents, Vice Chairman

Mr. Barents has successfully participated in the development of three major general aviation companies, all leaders in their respective markets.

He served as president, CEO and managing partner for Galaxy Aerospace Corporation, where he led the company to a sales backlog of $2.5 billion prior to negotiating its sale to General Dynamics in 2001.

As president and CEO of Learjet, Inc., Barents turned the company's negative earnings into the most profitable in the company's 32-year history, with increased revenues of more than 400%. During his tenure (1989-1996), long-range strategies and new innovative products were introduced that resulted in an order backlog exceeding $1 billion.

As a senior vice president for Cessna Aircraft Company, he was responsible for worldwide sales, marketing, product support and aircraft completion, and actively participated in new product development programs.

Barents is a past chairman of the General Aviation Manufacturers Association, and currently serves on the board of Kaman Corporation, The Nordam Group and CAE Inc. Barents retired from a 34-year military career in 2002 with the rank of brigadier general in the United States Air Force and The Kansas Air National Guard.

DOUG NICHOLS, CHIEF EXECUTIVE OFFICER, DIRECTOR

As CEO, Mr. Nichols leads the company's effort to finance, develop and produce supersonic aircraft based on Aerion's proprietary technology. As an aviation enthusiast, he also brings incredible energy and excitement to Aerion.

Prior to joining Aerion in the fall of 2008, Nichols worked as a senior advisor to Bombardier on its CSeries program, consulting on the financial aspects of structuring the program, including the structuring of partner and supplier relationships. That program was formally launched in July 2008.

Nichols is a former executive of The Boeing Company where he enjoyed a distinguished 28-year career. Among his many financial, operating and strategic planning roles, Nichols served as CFO for the company's Commercial Airplane Group 747/767 Programs and for Boeing Business Jets. Over the course of his Boeing career, he gained extensive experience in all aspects of the operational and financial management of commercial airplane programs, including new aircraft market evaluation, product development, aircraft preliminary and detailed design processes, advanced final assembly processes, supply base management, support logistics, marketing and sales, and airplane sales financing.

DR.RICHARD TRACY, CHIEF TECHNOLOGY OFFICER, DIRECTOR

Dr. Tracy is an aerodynamicist whose extensive research on supersonic natural laminar flow led to the present SNLF wing concept, which he first patented in 1994. He formed the ASSET Group in 1991, and later Asset Research Corp., to pursue development of commercial applications of SNLF technology. Asset Research Corp. became Aerion Corporation in 2002.

As Aerion's chief technology officer, Dr. Tracy is responsible for technology development and design oversight of supersonic aircraft incorporating SNLF technology.

He has worked on a number of classified defense programs and civil aircraft development and certification projects, including the single stage to orbit X-30 and the Northrop Grumman "Global Hawk." As Chief Engineer for Bill Lear's LearAvia in the 1970s, he led the advanced design of the LearStar 600, which was later developed as the Canadair CL-600 Challenger. He initiated the design of the carbon composite Lear Fan and led the development effort on that aircraft through its successful first flight. Between the years1997 and 2001, he was principal investigator on three DARPA contracts related to applications of SNLF technology.

Dr. Tracy holds BS, MS and PhD degrees from Caltech, the latter in Hypersonic Aerodynamics, which he earned in 1964. He attended the Brussels-based NATO Von Karman Institute in 1959-60 as the General Motors Fellow, and was awarded the Von Karman Prize for his thesis on heat transfer in separated supersonic flows. Tracy has been a licensed pilot since 1953 with over 1,500 hours in a variety of aircraft.

Mike Hinderberger, Program Director, Aircraft Development

Mr. Hinderberger is responsible for all Aerion technical activities required to develop the AS2 supersonic business jet in conjunction with an engine supplier and an airframe OEM.

Hinderberger has led aircraft development programs and a number of manufacturers. He has served as vice president of engineering at Piper Aircraft, vice president of product development at Hawker-Beechcraft, and chief engineer for the G650 program at Gulfstream Aerospace.

Working for Rolls-Royce, Hinderberger gained extensive experience with propulsion systems development and integration, both as flight test team leader responsible for certifying the engine, thrust reverser and nacelle for the Bombardier Global Express, and for managing the successful development of the G650 nacelle and thrust reverser by Spirit AeroSystems.

John Holding, Senior Advisor

John Holding joined Aerion in July 2008 to assist in the advanced design phase of the Aerion supersonic business jet program. Holding has led more successful business aircraft development programs than anyone in the industry today. He has been in the aerospace business for over 40 years and received an M.Sc. from Manchester University of England in 1967.

He was previously Bombardier Aerospace's Executive Vice President, Integrated Product Definition and Planning. Over a 16-year period, Holding led the introduction of at least one new aircraft product every year – an unprecedented performance in the aerospace industry. Holding was instrumental in creating innovative supplier partnerships and processes for the development and engineering of new aircraft. His industry influence has extended well beyond Bombardier. Among his many efforts to advance the field of aerospace engineering, Holding was a founding member of the Consortium for Research and Innovation in Aerospace in Quebec (CRIAQ), and was its chairman up to 2005. He is a Fellow of the Royal Aeronautical Society.

Holding has been recognized for his contribution to the industry on several occasions. He was the 1998 recipient of the International Council of Aeronautical Sciences' ICAS Von Karman award for his work in promoting international cooperation in aeronautics. In 1999, he received an Aviation and Space Technology Laurels Award for his outstanding achievements in the field of aeronautics/propulsion. In 2002, he received the SAE Aerospace Engineering Leadership Award.

Holding has a unique personal connection to the field of civil supersonic flight. Early in his career he was a junior engineer at British Aerospace helping to design the variable engine inlets for the Concorde. Today, he is participating in the development effort for a new era of supersonic travel.