Flight Options Press Release

Flight Options Offers the Legacy in a 1/32

Current Flight Options owners can now purchase a 25-hour share in this large cabin aircraft

CLEVELAND (March 28, 2005) - Flight Options, LLC, a leading provider of fractional shares in business aircraft and an affiliate of Raytheon Company (NYSE: RTN), announced today that the company now offers its current owners the opportunity to purchase a 1/32nd share in the Legacy.  The 1/32nd share provides 25 hours of occupied time per year for the five (5) year term of the management agreement.

“A 1/32nd share in the Legacy is ideal for providing our owners with the supplemental hours they desire in a large cabin aircraft,” said Cameron Gowans, chief marketing officer, Flight Options, LLC. “By offering a 25-hour share option, we are further demonstrating to our owners that we are dedicated to providing them with the most options to meet their travel needs.”

The price for a 1/32nd share in a Legacy is $684,375. Additionally, Flight Options offers a special occupied hourly rate for trips three hours or longer in the Legacy.  This rate is the same as the mid-size Hawker 800XP occupied rate. 

To qualify for the purchase of a 1/32nd Legacy share, individuals must own at least a 50-hour share or have a combination of shares that total 50 hours or more. Flight Options also offers its owners a 1/32nd share option in the Beechjet 400A/Hawker 400XP and Hawker 800XP in addition to their current Flight Options share.

Flight Options is the only fractional provider to offer the Legacy, which entered the fleet in 2003.    The Legacy is a true performer reaching a maximum cruise speed of up to 518 mph.  With seating for 13 passengers and a 1,410 cubic foot cabin, shareowners and their passengers experience three different seating areas.  In addition, there is walk-in access to the 240 cubic feet of baggage space, the largest baggage volume in the Flight Options fleet.

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.  The company offers the complete spectrum of programs from fractional ownership to leasing to JetPASS membership and has received the prestigious ARG/US Platinum Safety Rating twice. The Flight Options fleet of more than 200 aircraft includes the world’s largest fleets of Beechjet 400A’s and Legacy Executive aircraft. Flight Options’ fleet consists of the Beechjet 400A/Hawker 400XP, Hawker 800XP, Citation X and Legacy.

Nextant 400XT Citation X Legacy 600