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2007 Fiscal Year Earnings Releases

Fourth Quarter 2007
March 31, 2007
AirNet Systems, Inc. today reported total net revenues declined 7% to $161.0 million for the twelve months ended December 31, 2007 from $172.8 million for 2006.

Third Quarter 2007
November 12, 2007
AirNet Systems, Inc. today reported non-GAAP income from continuing operations before income taxes and asset impairment charges of $2.2 million for the three month period ended September 30, 2007 compared to $3.8 million for the same period in 2006.

Second Quarter 2007
August 14, 2007
AirNet Systems, Inc. today reported net income of $3.5 million, or $0.35 per diluted share for the three month period ended June 30, 2007, versus $2.0 million, or $0.19 per diluted share, for the same period a year ago.

First Quarter 2007
May 11, 2007
AirNet Systems, Inc. today reported net income of $1.9 million, or $0.18 per diluted share, for the first quarter 2007 versus $1.7 million, or $0.17 per diluted share, for the same period a year ago.

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