Flight Options Press Release

Flight Options Introduces Even More Options to the Fractional Market

Options mean more than aircraft as Flight Options adds three exciting promotions to its portfolio

CLEVELAND (OCTOBER 12, 2005) – Flight Options, LLC, a leading provider of fractional shares in business aircraft and an affiliate of Raytheon Company (NYSE: RTN), announced today that the Company has introduced three very distinct and exciting programs to its array of purchasing options for the remainder of the year.

“Flight Options continues to further define the concept that ¬options means more than aircraft,” said Cameron Gowans, chief marketing officer, Flight Options, LLC. “By consistently introducing innovative programs, we have solidified our position as a leader in the industry. These programs not only offer flexibility, but they also afford individuals the ability to maximize their private travel with us.”

25 Hours at no Additional Capital
Typically with the purchase a 3/32nd share, the owner is entitled to 75 hours of flight time per year for the five (5) year management agreement.  However, from now until December 16, 2005, purchase a 3/32nd share of any new Hawker 400XP and get 100 hours per year with no additional capital.  This equates to a savings of nearly $200,000.

Purchase a Mid-Size Aircraft, Fly at Light Jet Rates
Flight Options now offers an individual the option to purchase a share in a new Hawker 800XP and fly at the Hawker 400XP hourly rate for up to the first two years of ownership. This is a savings of $425 per flight hour. Inventory is limited.

Free Fuel for First Year
Flight Options introduced its Fuel Club as a way to offer stability in a time of volatile fuel prices.  Now with the purchase of any size share in a new Hawker 400XP, Hawker 800XP or Legacy, you will receive Fuel Club free for one year.  Free Fuel Club is included in the above listed programs. This program is available through December 16, 2005.

Based in Cleveland, Ohio, Flight Options, LLC offers the complete spectrum of programs from fractional ownership to leasing to JetPASS membership and has received the prestigious ARG/US Platinum Safety Rating twice. The Flight Options fleet of approximately 200 aircraft includes the world’s largest fleets of Beechjet 400A’s and Legacy Executive aircraft. More information is available at www.flightoptions.com or by calling 877.703.2348.

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