Untitled Document

AirNet Systems Inc. Announces
Appointment of Senior Vice President

CONTACT:

Greg Gualtieri
AirNet Systems Inc.
(614) 237-2057

Robert Lentz
InvestQuest Inc.
(614) 876-1900

COLUMBUS, Ohio -- February 12, 2003 -- AirNet Systems Inc.T (NYSE: ANS) today announced Larry Glasscock has been appointed senior vice president, express services. Glasscock will be responsible for the development and growth of AirNet's Express Services business, with specific accountability for generating profitable sales growth and improved efficiencies within the company.

Joe Biggerstaff, chairman, president, and ceo of AirNet Systems Inc., said, "I am pleased to add a senior executive with Larry's broad industry and systems experience. Larry is recognized for bringing innovation, creativity and focus to businesses that he has led in the past. His history of growing revenue, improving customer satisfaction, and building value in a variety of service-driven organizations makes him uniquely qualified to help lead AirNet's strategy to support the long-term growth of our business."

Glasscock has more than twenty years of experience leading integrated air and ground transportation companies offering a wide range of services including expedited, same-day, and time-definite delivery of domestic and international shipments. Prior to joining AirNet, Glasscock most recently served as senior vice president of Evercom Systems and as executive vice president of NextJet Technologies, leading revenue diversification, service, and technology initiatives. From January 1992 through September 2000, Glasscock served in senior management positions of Expedited Delivery, various subsidiaries of Corporate Express, and of Security Couriers. He earlier served in senior leadership roles with Greyhound Lines, Emery Worldwide, and Purolator Courier.

About AirNet Systems Inc.

AirNet Systems Inc. operates AirNet Express, an integrated national air transportation network that provides expedited air transportation and passenger charter services to banks, medical customers, the U.S. government, and other time-critical small package shippers in more than 100 cities nationwide. The AirNet airline has more than 120 aircraft, including 36 Learjets, located strategically throughout the United States. AirNet Express flies over half a million miles per week. AirNet's fleet departs most cities several hours after other major package delivery companies. To find out more, visit AirNet's Web site: www.airnet.com.

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