Flight Options Press Release

Flight Options Launches Owner's Only Web site

The owner-centric fractional provider introduces the industry’s first Owner’s site 

CLEVELAND (August 18, 2003) – Flight Options, a leading provider of fractional shares in jet aircraft and an affiliate of Raytheon Company (NYSE: RTN), launched today the company’s exclusive Owner’s Only Web site.

“As Flight Options moves closer to its goal of becoming the preeminent service provider in the industry, it is essential for us as a company to ensure that we are able to serve our owners in a convenient, efficient manner,” said John Nahill, chairman and chief executive officer of Flight Options.  “The launch of the Owner’s Only Web site accomplishes this.  Our owners are now able to book their trips and research account information faster, we call this feature our ‘Quick Trip.’”

During initial testing for the Web site, which took place over a two-month period, more than half of Flight Options customers registered to utilize the site.  This site serves as a portal, which allows Flight Options’ owners to manage their account.  Owners have the ability to schedule trips with full catering and transportation options in a matter of minutes, access itineraries for scheduled trips and track en-route aircraft.  In addition, owners are able to receive confirmation of trip changes and other company news updates electronically.

Based in Cleveland, Ohio, Flight Options employs over 1,300 professionals nationwide.  Flight Options offers fractional shares in its fleet of over 200 aircraft, which includes the world’s largest fleets of King Air’s, Beechjet 400A’s and Hawker 800’s.  The fleet also includes the CitationJet, Citation V, Citation 650, Falcon 50, Citation X, Challenger 601 and Gulfstream IV."

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