Flight Options Press Release

Flight Options Partners with FAA for Safety Management System

CLEVELAND (January 30, 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 been selected by the FAA as the only fractional provider, and the largest of only nine aviation service providers nationwide, to partner and participate in the “proof of concept” phase of the development and implementation of a formal Safety Management System (SMS) for all air service providers.

“With a robust safety management program supported by a dedicated Safety department, Flight Options has worked continuously to build its position as an industry leader in safety,” said Chuck Starkey, Vice President of Safety and Security, Flight Options, LLC.  “Partnering with the FAA to develop a formal SMS gives us the opportunity not only to improve our program, but also to leverage our experience and help build the model program for the rest of the air transportation industry.”

A formal FAA-accepted Safety Management System is expected to become a regulatory requirement for all air carriers in 2009.  To implement this model, the FAA reached out to industry leaders to help define, implement and validate the model SMS.  Implementing a formal SMS will integrate safety best practices throughout the organization. Incorporating proven quality and management principles into the practice of safety, SMS involves line management, safety expertise and employee engagement to produce a healthy safety culture in every aspect of the business. 

In a November address to nearly 500 aviation industry leaders from the United States and around the world, FAA Administrator Marion Blakey highlighted the importance of SMS for continuing to improve the industry’s safety record. “We’ve been able to amass a safety record that’s unparalleled. So the safety challenge, in a nutshell, is how do you take it to the next level? What will not only maintain this fabulous record but will position us to improve on that record as operations grow? I think the answer to that is safety management systems.”

Flight Options continuously strives to be the safest fractional company.  Flight Options was the first and only fractional provider to receive the prestigious ARG/US Platinum Safety Rating three consecutive times — adhering to the same safety audit standards as U.S. Department of Defense and commercial airlines.  Additionally, the Company became the first fractional aircraft operator approved by the FAA to participate in an Aviation Safety Action Program (ASAP).  ASAP enhances aviation safety practices by encouraging flight crews to voluntarily report critical safety information, helping to proactively identify and correct hazards. ASAP was previously approved only for commercial airlines.

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.

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