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2007 News Releases

AirNet Systems Awarded New Routes
December 19, 2007
AirNet Systems, Inc. today announced it was awarded three routes and has commenced operations for one of the leading global express and logistics companies.

AirNet Systems Adds Express Services Flights
December 11, 2007
AirNet Systems, Inc. today announced completion of the third phase of expansion of its Friday night flight system.

AirNet Systems Announces New Pricing Structure for Bank Customers
October 15, 2007
AirNet Systems, Inc. today announced a new pricing structure for it's weekday bank customers intended to better align price with AirNet's cost to serve, preserve service to those cities the banking industry view as important operational centers, and assist bank customers with orderly implementation of future changes to deliveries.

AirNet Appoints Ray L. Druseikis as Interim Chief Financial Officer
October 9, 2007
AirNet Systems, Inc. today announced that Gary W. Qualmann has resigned as Chief Financial Officer, Treasurer and Secretary of AirNet Systems, Inc.

Two New Directors Elected to AirNet Systems, Inc. Board
September 26 , 2007
AirNet Systems, Inc. today announced the election of Thomas J. Kiernan and Robert H. Milbourne to its Board of Directors.

AirNet Systems, Inc. Reports Second Quarter 2007 Results
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.

AirNet Systems, Inc. Appoints Chief Operating Officer
May 30, 2007
AirNet Systems, Inc. today announced the appointment of Jeffery B. Harris to the position of Senior Vice President and Chief Operating Officer, effective May 29, 2007.

AirNet Systems, Inc. Reports First Quarter 2007 Results
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.

AirNet Systems, Inc. Announces Annual Meeting Date
March 28, 2007
AirNet Systems, Inc. today announced that its Board of Directors has established June 6, 2007 as the date of AirNet’s 2007 Annual Meeting of Shareholders.