Flight Options Press Release

Flight Options Announces New JetPASS Options

JetPASS Rewards and JetPASS Plus are two new and innovate programs designed for the savvy business traveler

CLEVELAND (May 5, 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 has introduced two new purchase programs for JetPASS, Flight Options’ 25-hour jet card. JetPASS Rewards and JetPASS Plus offer attractive incentives for those either looking to enter the business aviation industry or to supplement their current fractional share with the purchase of a jet card.

“The reception of our JetPASS program has exceeded expectations since its introduction into the market just 10 months ago and has made it an attractive travel option within the Flight Options program,” said Cameron Gowans, chief marketing officer, Flight Options, LLC. “By offering two new enhancements to the JetPASS program, we believe we will be able to attract even more individuals to our program who may not have thought a jet card was a viable option for their travel needs.”

The truly innovative JetPASS Rewards programs allows you to use 10% of your JetPASS purchase price towards the purchase of a fractional share in the Flight Options program or 5% towards the purchase of another JetPASS card once your current JetPASS balance has reached zero.

JetPASS Plus allows you to purchase a Beechjet 400A or Hawker 800XP JetPASS card and receive five (5) of those 25-hours flown in a larger aircraft.  The hours will be in flown in a Hawker 800XP if a Beechjet card is purchased and in a large cabin aircraft with the purchase of a Hawker 800XP JetPASS.  The JetPASS Plus offer expires on July 31, 2005.  JetPASS Plus purchases are eligible for the JetPASS Rewards program.

JetPASS is available in the Beechjet 400A/Hawker 400XP, Hawker 800XP and large cabin fleets.  The card does not expire and has a fully refundable balance.  JetPASS members receive the benefits of the Flight Options fractional ownership program—safety, a consistent service experience, the best pilots in the industry and guaranteed availability.

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