Flight Options Press Release

Flight Options LLC Reaches Tentative Agreement with Pilot Union

Cleveland, OH – January 29, 2010 – Flight Options LLC today announced that it had reached a tentative agreement on a five-year contract with the International Brotherhood of Teamsters, Local 1108.

The tentative agreement is a comprehensive proposal that provides significant increases in compensation and benefits for all Flight Options pilots.  After a short review period, the proposed contract will be presented to all pilots for formal ratification.

“One of our fundamental principles is that we believe employees are the foundation of a service company,” stated Flight Options CEO, Mike Silvestro. “This agreement demonstrates our commitment to that principle.  Even in this difficult economic environment, our company has achieved a level of success that allows us to make this long-term commitment.  I would like to thank the national and local members of the IBT and members of the Flight Options senior management team for working together to finalize this agreement.”

About Flight Options
Flight Options has earned a reputation as a leader and innovator within the private jet industry. For over 11 years, Flight Options has continued to offer the complete spectrum of programs from fractional ownership to leasing, aircraft management, and JetPASS Select 25-hour card membership. The company is an industry leader in private aviation safety and provides personalized service to over 1,300 Owners and Members.  Flight Options owns and operates a fleet of more than 100 aircraft consisting of the Hawker 400XP, Hawker 800XP, Citation X, and Embraer Legacy 600 with the revolutionary new Phenom 300 arriving in March 2010. More information is available at www.flightoptions.com or by calling 877.703.2348.

Nextant 400XT Citation X Legacy 600