Flight Options Press Release

Flight Options Leads Safety With Full Compliance to New FAA Charter Regulations

CLEVELAND (March 15, 2007) – Flight Options, LLC, a leading provider of fractional shares in business aircraft and a Raytheon Company (NYSE: RTN), announced today that the company is fully compliant with the new OpSpec A008 FAA regulations.

Initially announced on December 28, 2006, today the FAA officially requires compliance to a newly revised A008 operational specification which increases transparency and operational control oversight for FAR part 135 charter operators.  Developed and released to ensure increased safety for charter aircraft passengers, the new regulation enforces stricter rules for charter aircraft operators.

With full advance compliance to the new regulations, Flight Options applauds the regulation changes and leads the industry in:
• Standards of training
• Standards of maintenance
• Conformity of crew and aircraft
• Continuous operational monitoring

“Our advance compliance with A008 was yet another illustration of Flight Options’ industry leading status within the realm of aviation safety,” said S. Michael Scheeringa, chief executive officer, Flight Options, LLC.  “Flight Options is proud to say that we were already operating under these standards, with conforming training, crew, maintenance, aircraft and operations, while a large percentage of the aviation industry must make substantial changes to reach compliance.”

Flight Options, LLC offers the complete spectrum of programs from Fractional First™ ownership to leasing to JetPASS Ultimate Travel membership to Aircraft Management. As the first fractional provider selected by the FAA to participate in the Aviation Safety Action Program and to partner in the development of the Safety Management System prototype, Flight Options’ industry leading safety status is evident. The Flight Options fleet of over 140 aircraft includes the world’s largest fleets of Beechjet 400As and Legacy Executive aircraft. Flight Options’ fleet consists of the Beechjet 400A, Hawker 400XP, Hawker 800XP, Citation X and Legacy. More information is available at www.flightoptions.com or by calling 877.703.2348.

Nextant 400XT Citation X Legacy 600