Flight Options Press Release

Flight Options Names Head of Marketing and Sales

CLEVELAND (January 8, 2007) – Flight Options, LLC, a leading provider of fractional shares in business aircraft and a Raytheon Company (NYSE: RTN), announced today that the company has named Philip LaVelle as vice president of Sales and Marketing.

“Flight Options is excited to have Phil join our organization,” said S. Michael Scheeringa, chief executive officer, Flight Options, LLC.  “His understanding of customer needs and experience in managing business growth make him the perfect addition to the most experienced senior leadership team in the fractional aviation industry.”

In his role, Mr. LaVelle will lead the company’s sales and marketing divisions.  He will oversee the teams responsible for marketing, advertising, partnerships and selling the Flight Options portfolio of products – including Fractional First™, JetPASS Ultimate Travel and aircraft management. 

Recently, LaVelle served as senior vice president, Sales and Marketing for Wayne-Dalton Corporation, a leading manufacturer of residential and commercial overhead doors.  He was responsible for all domestic and international sales and marketing with independent dealers, national accounts, major retailers and company-owned distribution centers.  Prior to this role, he held senior management level positions with PrimeSource Building Products, Inc., an Itochu Inc. subsidiary and Builder Marts of America, a Guardian Industries, Inc. subsidiary.  He received a Bachelor of Science in marketing and finance from the Ohio State University and attended an Executive Management Program in association with the Wharton School of Finance. 

“We are pleased to welcome Phil to Flight Options and the general aviation community,” said S. Michael Scheeringa.    

Flight Options, LLC offers the complete spectrum of programs from fractional ownership to leasing to JetPASS Ultimate Travel membership and has received the prestigious ARG/US Platinum Safety Rating three times. 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