Flight Options Press Release

Flight Options Announces Global Access

Innovative program provides seamless travel through Europe and Asia

CLEVELAND (August 5, 2004) - 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 has launched the overseas travel program Global Access.  The newest addition to Flight Options’ list of travel solutions provides private air travel for those traveling in Europe and Asia.

“We are dedicated to providing the most options to meet the needs of our customers,” said John Nahill, chairman and chief executive officer, Flight Options, LLC.  “Global Access reinforces this commitment by providing our owners with a viable travel option when overseas. The program has been developed with those characteristics that are inherent to the Flight Options program –safety, service, straightforward pricing, simplicity and predictability.”

Flight Options’ Global Access allows for a seamless travel experience while traveling through both Europe and Asia.  Flight Options will have access to a fleet of nearly 100 aircraft, which includes CitationJets, Hawker 800XPs and Falcon 50s. 

Global Access does not require its participants to purchase a block of hours, purchase a share, pay a monthly management fee or place a deposit.  Instead, pricing is simply based on aircraft category and trip itinerary. 

Based in Cleveland, Ohio, Flight Options, LLC is the world’s fastest-growing provider of private jet travel solutions. The company offers the complete spectrum from fractional ownership, leasing and membership options and has received the prestigious ARG/US Platinum Safety Rating twice. The Flight Options fleet of more than 215 aircraft includes the world’s largest fleets of King Air’s, Beechjet 400A’s and Hawker 800’s. The fleet also includes the CitationJet, Hawker 400XP, Citation V, Citation 650, Falcon 50, Citation X, Challenger 601, Legacy and Gulfstream IV. More information at www.flightoptions.com."

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