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2004 News Releases

AirNet Systems, Inc. Announces Management Change
December 28, 2004
AirNet Systems, Inc. today announced that it has entered into an agreement with Michael J. Snyder, Senior Vice President of Operations, under which Mr. Snyder will separate from service with AirNet effective January 29, 2005.

AirNet Systems, Inc. Announces Impairment Charges
November 5, 2004
AirNet Systems, Inc. today announced non-cash impairment charges of $47.0 million
($31.0 million after-tax) related to its cargo business for the third quarter 2004.

Jetride Achieves Highest Industry Quality Rating
September 21, 2004
JetRide, a wholly-owned subsidiary of AirNet Systems Inc. and a premium provider of on-demand passenger charter services, has joined an exclusive group of aviation operators by receiving the Platinum rating for quality from the Aviation Research Group/US (ARG/US).

Fiserv and Fast Forward Solutions Subsidiary of AirNet Pursuing Agreement to Provide Comprehensive Substitute Check Solution Including Printing and Deliver
May 17, 2004
Fiserv, Inc. and Fast Forward Solutions, LLC, a wholly owned subsidiary of AirNet Systems, Inc., are pursuing an agreement that will allow Fiserv and Fast Forward to provide a comprehensive substitute check solution including printing and delivery.

AirNet Systems, Inc. Granted ISO 9001:2000 Certification
March 11, 2004
AirNet Systems, Inc. today announced that the company's primary aircraft maintenance center in Columbus, Ohio has been granted ISO 9001:2000 Certification by European Quality Assurance Limited.

AirNet Systems, Inc. Appoints Vice President Of Airline Operations
January 26, 2004
AirNet Systems Inc., today announced Michael Snyder has been appointed Vice President of Airline Operations.

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