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Wed, Apr 12, 2006

FractionAir Discontinues Diamond, BeechJet Programs

Will Focus On Hawkers Instead

Fractional ownership company FractionAir, Inc. announced Wednesday the discontinuation of its Diamond and BeechJet programs. Representatives with FractionAir told Aero-News the company is eliminating the programs in order to focus exclusively on its Hawker 800A fractional private jet management program.

"This is an unfortunate but necessary step in moving the company forward from previous occurrences," said Liam Collins, President and CEO. "We are hopeful that by taking this action, it will be the first step of several that will help the company realize a more realistic approach to the private jet industry. We hope our owners will understand and support our actions and continue to work with us."

Founded in June 2002 and headquartered in Nashville, TN, FractionAir offers its customers the Fairshares(TM) program, billed as a next-generation approach to fractional jet ownership. FractionAir also advertises one of the highest customer retention rates in the industry, with owners primarily in the Southeast and Mid-Atlantic regions.

FMI: www.fractionair.com

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