Corporate Profile > Overview | Corporate Strategy

Overview of AirNet's business

AirNet Systems, Inc., through its operating subsidiaries, focuses its resources on providing value-added, time-critical aviation services to a diverse set of customers in the most service-intensive, cost-effective manner possible. AirNet operates an integrated national transportation network that provides expedited transportation services to banks and time-critical small package shippers nationwide. Jetride, Inc., a wholly-owned subsidiary, provides Passenger Charter services nationwide to individuals and businesses. The Company operated a total of 130 aircraft, 114 for its cargo airline and 16 for its passenger charter airline at March 31, 2005, located strategically throughout the United States. To find out more, visit AirNet's website at www.airnet.com.

Corporate Strategy:
AirNet is committed to focusing its resources on providing value-added time-critical air shipment and aviation services to a diverse set of customers in the most service-intensive and cost effective manner possible.

The Airline
Focus on unique aircraft type and route structure. AirNet's fast and reliable fleet of aircraft is positioned around a highly efficient and flexible national route structure designed to facilitate late pick-up and early delivery times, minimize delays and simplify flight scheduling. AirNet's hub-and-spoke system, with a primary hub in Columbus and several mini-hubs across the nation, allows AirNet to match the varying load capacities of its aircraft with the shipment weight and volume of each destination city and to consolidate shipments at its hubs. The hubs are located primarily
in less congested regional airports. These locations, in conjunction with AirNet's off-peak departure and arrival times, provide easy take-offs and landings, convenient loading and unloading, and fast refueling and maintenance. Six strategically located maintenance bases help minimize aircraft down time. AirNet's focus on Learjets and pistonaircraft has also enabled it to develop an in-house expertise in purchasing, flying, maintaining and operating its fleet.The principal components of AirNet's operating and growth strategy are as follows:

AirNet will manage the product lines as business units. The business units are being operated and held accountable for sales and operations on a regional basis.

Bank
Maintain a dominant market share of the canceled-check transportation business. AirNet will identify new product offering with its customers and develop a more competitive pricing structure that provides its customers with flexible, volume driven rates.

Express
Grow AirNet's express delivery service. AirNet will continue to pursue and grow the wholesale/forwarders, integrators and third party logistic provider market for opportunities. AirNet will concentrate on its ability to meet the special handling requirements of such niche markets as radioactive pharmaceuticals in the medical industry. Additional opportunities exist in the just-in-time (JIT) segment of the market that have urgent delivery requirements for parts and related materials.

Aviation Services
Dedicated to finding alternatives that increase use of AirNet's airline outside of the scheduled routes. AirNet has developed an on-demand charter service. AirNet will position its assets in various areas of the country to best serve its customers. AirNet will leverage its flight and maintenance expertise to expand this business unit.

Performance Culture
Attract, retain and motivate the highest quality personnel available. As a service organization, AirNet recognizes the importance of hiring, retaining and motivating the highest quality personnel available who are focused on a set of core values designed by AirNet to provide a working environment where accountability, integrity, quality performance, open communication, team management and responsibility are explicitly stated goals. AirNet believes that its compensation and benefit package and corporate culture will give it a significant competitive advantage in attracting and motivating its associates.