QASP News QUASAR AEROSPACE INDUSTRIES INC
Symbol U : QASP
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Quasar Applies to Meet Demand for Foreign Students

2012-04-11 08:45 ET - News Release

JACKSONVILLE, FL -- (Marketwire) -- 04/11/12

Quasar Aerospace Industries, Inc. (PINKSHEETS: QASP)

Quasar Aerospace Industries, Inc.'s subsidiary, A-Cent Aviation, Inc., is pleased to announce they have filed their SEVIS application. This will allow the Corporation to execute a key component of its business plan by capturing the strong demand for aviation training from other countries.

The demand for pilot training remains extremely strong and is fueled by many factors, including:

The rapid growth of travel in Asia, which is on track to surpass North America as the largest air travel market in the world;
A wave of pilot retirements in the USA;
Proposed changes to rules that could increase the time pilots must train, rest and work; and
Increasing demand for air travel within the USA as the economy improves.
The Corporation estimates the flight training component alone at an average of $55,000 with margins of approximately thirty-five percent (35%). The Corporation is currently able to train a minimum of 100 students a year in Jacksonville alone and will make any necessary adjustments if demand warrants it.