Flight Options Press Release

New Fractional Jet Ownership Program First To Offer Pre-Owned Aircraft

September 15, 1998 (Cleveland, Ohio) Kenneth Ricci, Chairman, today announced the inauguration of Flight Options, Inc, the first and only nationally-available fractional jet ownership program to offer the option of previously-owned aircraft at substantial cost savings to corporations and individuals."

By providing this option, we open up jet ownership opportunities to a previously untapped market. Not only are ownership and continuing costs more attractive and affordable, but we also offer the opportunity to upgrade to a larger, faster jet at an investment level similar to other companies’ smaller jets, said Darnell Martens, President of Flight Options, Inc.

Meeting these needs through utilization of already available aircraft is to us an obvious evolution of the shared-ownership concept. We’ve simply taken the next step by putting potential customers into a jet that matches their mission at a price that meets their expectations, continued Mr. Martens.

Our customers not only get a choice of the most asked-for jets, concluded Mr. Ricci, they also receive more options and more guarantees such as guaranteed liquidity and guaranteed operating costs. These guarantees are unmatched in the industry.

Flight Options, Inc. is based in Cleveland, Ohio, and makes aircraft available throughout the United States. Fractional shares are now available in previously-owned small, mid-range and large cabin jets, including Citation IIs, Beechjets, Hawker 800s and Gulfstreams. Flight Options, Inc. will open a new state-of-the-art $1.5 million Operations Control Center on December 15, 1998.

Flight Options’ parent company, Cleveland-based Corporate Wings, Inc., a $100 million company employing over 450 people, has been recognized as an industry leader in transportation services, maintenance and aircraft operations for twenty years. Corporate Wings recently completed the acquisition of Miller Aviation in Binghamton, New York."

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