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AirNet Systems, Inc., through its operating subsidiaries, focuses its resources on providing value-added, time-critical aviation services to a diverse set of customers in the most service-intensive, cost-effective manner possible. AirNet operates an integrated national transportation network that provides expedited transportation services to banks and time-critical small package shippers nationwide. The Company operated a total of 130 aircraft, 114 for its cargo airline and 16 for its passenger charter airline at March 31, 2005, located strategically throughout the United States. AirNet is committed to focusing its resources on providing value-added time-critical air shipment and aviation services to a diverse set of customers in the most service-intensive and cost effective manner possible.

Alpine Air Express, Inc., through its subsidiary Alpine Aviation, Inc., provides air cargo services. It transports mail packages and other time-sensitive cargo to approximately 29 cities in the western portion of the mainland United States and in the Hawaiian Islands. The company also offers contract cargo and charter services for other package delivery and cargo carriers; maintenance services on aircraft owned or operated by third parties; leasing of passenger aircraft; and first officer training program. As of October 31, 2008, it operated a portfolio of 28 aircrafts. The company was founded in 1975 and is headquartered in Provo, Utah.

Ameriflight LLC is a certificated Air Carrier operating under Part 135 of the Federal Aviation Regulations. We serve major commercial banking consortia, independent financial institutions, priority freight forwarding companies, and other business customers. Ameriflight operates from major bases in Burbank, Billings, Cincinnati, Dallas, Oakland, Ontario, Phoenix, Portland, Salt Lake City, Seattle and San Juan with domiciles throughout the United States. Our fleet of 180-plus aircraft make more than 525 daily departures, flying approximately 115,000 hours per year to serve more than 250 communities throughout the United States, Canada,Mexico, the Caribbean and South America. At Ameriflight we have built our reputation and a satisfied customer base on an unwavering commitment to service. Our large fleet makes Ameriflight the largest cargo airline in the country operating under Part 135 of the Federal Aviation Regulations. Our fleet of Learjet 35s, Embraer Brasilias, Fairchild Metro IIIs and Expediters, Beech 99s and 1900s, Piper and Chieftains/Navajos assures an unparalleled ability to respond to our customers' needs. Our leadership role extends beyond fleet size and area served; our goal is to set an FAR 135 air cargo benchmark for best service, reliability, and value for our customers while maintaining excellent employee working conditions, benefits, and safety.

Amerijet International, Inc. provides scheduled air cargo services in North, South and Central America, Mexico, the Caribbean, Europe, Asia, and the Middle East, with a fleet of about 15 Boeing aircraft. Amerijet also arranges ground transportation of its customers' freight in North America and offers air and sea freight forwarding services worldwide. (As a freight forwarder, the company buys capacity from transportation providers and resells it to customers.) The company maintains about 370,000 sq. ft. of warehouse space. Miami-based investment firm H.I.G. Capital Management owns a controlling stake in Amerijet.

Arrow Air was founded in 1950 by the visionary aviation pioneer, George Batchelor and is among the oldest air carriers in the U.S. continuing to operate under the same, originally registered name. A key component in the South Florida community for more than 57 years, Arrow is the largest U.S. registered air cargo carrier based at Miami International Airport, providing comprehensive cargo logistics services.Arrow Air, operating under the trade name ARROW CARGO provides scheduled air cargo logistics services to and from, and between the United States, Central and South America, and the Caribbean. Arrow is proud to employ nearly 450 people at its Miami headquarters and 250 in direct, company operated stations throughout the Americas region.Arrow Cargo’s comprehensive market coverage provides overnight, airport to airport service to more than 20 destinations in the Americas. Providing direct flights to more than 20 destinations, Arrow operates over 60 flights each week to and from Central and South America, and the Caribbean. Arrow Cargo’s services are provided to more than 3,500 customers worldwide, serving international and domestic freight forwarders, integrated carriers, passenger and cargo airlines, the U.S. Department of Defense and the United States Postal Service. Arrow’s rich history and tenure in the global air freight markets also provides our clients with a unique level of experience and operating authority for charter requirements and interline capabilities. Arrow Cargo is building a strong logistics organization designed to not only satisfy today’s sophisticated logistics demands but to facilitate our clients’ growth and vision for the future. Arrow Cargo’s airside facilities at Miami International Airport boasts 67,000 square feet of refrigerated warehouse capacity for our perishable shipping clients and over 155,000 square feet of dry cargo capacity.

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