Judgement in favour of Avcorp

                        Judgement in favour of Avcorp

PR Newswire

VANCOUVER, May 2, 2013

VANCOUVER, May 2, 2013 /PRNewswire/ - Avcorp Industries Inc. ("Avcorp" or  the 
"Company") reports that it has received  a Memorandum and Order of the  United 
States District Court  for the District  of Kansas which  heard the motion  by 
Cessna Aircraft Company ("Cessna"), as filed  by Cessna on November 26,  2012, 
to vacate the arbitration  award made on  November 16, 2012  in favour of  the 
Company in  the amount  of USD27.4  million. Cessna's  motion to  vacate  was 
denied and the  Court affirmed  the award to  the Company.  In addition,  the 
Court awarded post-award prejudgement interest at a rate of 10% per annum from
December 16, 2012 to the date of judgement. This prejudgement interest  award 
totals approximately  USD1 million.  The  Court is  expected to  enter  final 
judgement against Cessna in the amount of approximately USD28.4 million on  or 
about May 8,  2013. Cessna could  appeal the judgement  to the United  States 
Court of Appeals for the Tenth Circuit  by filing a notice within thirty  days 
of entry of judgement.

About Avcorp

Avcorp designs and builds  major airframe structures for  some of the  world's 
leading aircraft  companies, including  BAE Systems,  Boeing, and  Bombardier. 
With more than 50 years of experience, over 400 skilled employees and  354,000 
square feet  of  facilities in  Delta  BC  and Burlington  ON,  Avcorp  offers 
integrated  composite   and   metallic   aircraft   structures   to   aircraft 
manufacturers, a  distinct  advantage in  the  pursuit of  contracts  for  new 
aircraft designs,  which require  lower‐cost, light  weight, strong,  reliable 
structures.  Our  Burlington  location  also  offers  composite  repairs   for 
commercial aircraft. Avcorp is a Canadian public company traded on the Toronto
Stock Exchange (TSX: AVP).


Forward-Looking Statements

This release  should  be read  in  conjunction with  the  Company's  unaudited 
financial statements contained  in the  Company's Annual Report  and with  the 
quarterly  financial  statements  and  accompanying  notes  filed  with  Sedar 

Certain statements in this release and other oral and written statements  made 
by the Company  from time  to time are  forward-looking statements,  including 
those that discuss strategies, goals, outlook or other non-historical matters;
or projected revenues,  income, returns  or other  financial measures.  These 
forward-looking statements are  subject to  risks and  uncertainties that  may 
cause actual  results  to  differ  materially  from  those  contained  in  the 
statements, including the following: (a) the  extent to which the Company  is 
able to  achieve savings  from  its restructuring  plans; (b)  uncertainty  in 
estimating the amount and timing  of restructuring charges and related  costs; 
(c) changes  in  worldwide  economic  and  political  conditions  that  impact 
interest and foreign exchange rates; (d) the occurrence of work stoppages  and 
strikes at  key  facilities of  the  Company  or the  Company's  customers  or 
suppliers; (e)  government funding  and program  approvals affecting  products 
being developed  or sold  under  government programs;  (f) cost  and  delivery 
performance under various program and development contracts; (g) the  adequacy 
of cost  estimates  for various  customer  care programs  including  servicing 
warranties; (h) the ability to control costs and successful implementation  of 
various cost  reduction programs;  (i)  the timing  of certifications  of  new 
aircraft products; (j) the occurrence of further downturns in customer markets
to which the Company products are sold or supplied or where the Company offers
financing; (k)  changes  in aircraft  delivery  schedules or  cancellation  of 
orders; (l)  the Company's  ability to  offset, through  cost reductions,  raw 
material price increases  and pricing pressure  brought by original  equipment 
manufacturer customers; (m) the  availability and cost  of insurance; (n)  the 
Company's ability  to maintain  portfolio credit  quality; (o)  the  Company's 
access to  debt  financing  at  competitive  rates;  and  (p)  uncertainty  in 
estimating  contingent  liabilities  and  establishing  reserves  tailored  to 
address such contingencies.

SOURCE Avcorp Industries Inc.


Contact:Sandi DiPrimo, Investor Relations Contact 604-587-4938
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