Signature Flight Support Corporation Extends Tender Offer for 11% Senior Notes of Aircraft Service International Group, Inc

Business Wire, June 21, 2001

Business Editors

ORLANDO, Fla.--(BUSINESS WIRE)--June 21, 2001

Signature Flight Support Corporation ("Signature") today announced that it has extended the expiration date of its tender offer and consent solicitation for the 11% Senior Notes due 2005 (the "Securities") of Aircraft Service International Group, Inc. ("ASIG") until 10:00 a.m., New York City time, on June 22, 2001, unless otherwise extended.

As of 10:00 A.M., New York City time, on June 21, 2001, $46.95 million in aggregate principal amount, or approximately 58.7%, of the outstanding Securities had been validly tendered and not withdrawn pursuant to the offer and consent solicitation.

Signature is making the offer and consent solicitation in connection with its pending acquisition of Ranger Aerospace Corporation (the "Merger"), the parent company of ASIG, pursuant to an Amended and Restated Agreement and Plan of Merger dated May 22, 2001. Following completion of the Merger, ASIG will become a wholly owned indirect subsidiary of Signature.

The offer is conditioned upon 100% in principal amount of the Securities being properly tendered and not withdrawn in the offer and consent solicitation and is also subject to the satisfaction of certain other additional conditions, including among other things, conditions related to the Merger, one of which is the expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the "HSR Act"), which waiting period has not yet expired. The parties and the Department of Justice have reached agreement as to terms upon which the transaction would be permitted to proceed under the HSR Act, but such agreement remains subject to approval by the United States District Court for the District of Columbia.

Morgan Stanley Dean Witter acts as Dealer Manager for the offer. The Information Agent is MacKenzie Partners, Inc., and the Depositary is State Street Bank and Trust Company. Persons with questions regarding the offer should contact the Information Agent at (800) 322-2885 or the Dealer Manager at (800) 624-1808.

This announcement is not an offer to purchase, a solicitation of an offer to purchase nor a solicitation of consents with respect to the Securities. The offer is made only by an Offer to Purchase and Consent Solicitation Statement dated January 4, 2001, as amended by Supplement No. 1 thereto dated May 25, 2001, and the related Letter of Transmittal and Consent, as the same may be further amended or supplemented from time to time.