Flight Options Press Release

Flight Options Legacy Inventory Sold Out

The fractional provider is pre-selling new 2006 Legacy aircraft 

CLEVELAND (October 26, 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 completely sold out of its current Legacy inventory and is actively selling fractional shares in 2006 models.  Flight Options will take delivery of its first 2006 Legacy in February 2006, which is already ½ pre- sold, and another Legacy this coming May.

“The Legacy is the ideal large cabin aircraft offering comfort, efficiency and reliability – it truly is large cabin comfort at mid-size operating economics,” said Michael Scheeringa, chief operating officer, Flight Options, LLC. “The fact that our first 2006 delivery is already more than half sold demonstrates to the industry that this is a much desired aircraft in the large cabin category.”

Flight Options has the world's largest fleet of Legacy Executive aircraft.  The Legacy offers ample seating for up to 13 passengers, a range of up to 3,737 s.m. and operating costs that rival a mid-size aircraft.  In addition, there is walk-in access to the 240 cubic feet of baggage space, the largest baggage volume in the Flight Options fleet.  The Legacy entered the Flight Options fleet in 2003.

Additionally, Flight Options offers unique hourly pricing on the Legacy.  For flights greater than three (3) hours in duration, the hourly rate is $2,075 vs. $2,575 for flights less than three (3) hours.  

Based in Cleveland, Ohio, Flight Options, LLC, an affiliate of Raytheon Company, offers the complete spectrum of options from fractional ownership to leasing to JetPASS membership. The Flight Options fleet includes the Beechjet 400A/Hawker 400XP, Hawker 800XP, Citation X and Embraer Legacy.  Flight Options has received the prestigious ARG/US Platinum Safety Rating twice and operates a fleet of approximately 200 aircraft including the world’s largest fleets of Beechjet 400A and Legacy Executive aircraft. More information is available at www.flightoptions.com or by calling 877.703.2348.

Nextant 400XT Citation X Legacy 600