Flight Options' JetPASS Continues to Gain Market Share

LAS VEGAS (October 11, 2004) - Flight Options, LLC, a leading provider of private travel solutions in business aircraft and an affiliate of Raytheon Company (NYSE: RTN), announced today that the company continues to steadily gain market share in the jet card market since launching its JetPASS membership program in July 2004.

“The market once again has illustrated that Flight Options is the best alternative in the industry as evidenced by the rapid growth of JetPASS,” said Cameron Gowans, chief marketing officer, Flight Options, LLC.  “Flight Options’ JetPASS provides all of the benefits of fractional ownership--safety, consistent service and guaranteed availability--in 25-hour increments.”

This seamless travel solution offers a consistent service experience, a fully refundable balance, no expiration on a member’s hours -- all at a significant savings over fractional competitors’ jet card programs.  To further enhance of the value of this program, for members who sign up today, there are no fuel surcharges for the first year.

The Flight Options JetPASS is available on the most requested aircraft in the Flight Options fleet --the Beechjet 400A, Hawker 400XP, Hawker 800/800XP fleet and a large cabin aircraft, such as the Challenger 601, Gulfstream IV and Legacy.  JetPASS members also have the ability to interchange to other aircraft in the fleet to best meet their individual missions.

“Flight Options is the first private aviation company to offer the full spectrum from membership to leases to fractional ownership, all with one company.  This all-encompassing program reflects the best that private aviation has to offer by providing consistent service that transcends from one provider and furthers our commitment to providing a breadth of programs and a depth of the fleet,” added Gowans.

Based in Cleveland, Ohio, Flight Options, LLC is the industry leader of private jet travel solutions by providing a breadth of programs and the depth of one of the largest fleets in the industry. The company offers the complete spectrum from fractional ownership, leasing and membership options and has received the prestigious ARG/US Platinum Safety Rating twice. The Flight Options fleet of more than 215 aircraft includes the world’s largest fleets of King Air’s, Beechjet 400A’s and Hawker 800’s. The fleet also includes the CitationJet, Hawker 400XP, Citation V, Citation 650, Falcon 50, Citation X, Challenger 601, Legacy and Gulfstream IV. More information at www.flightoptions.com/jetpass.