Signature Flight Support Corporation Amends its Tender Offer and Consent Solicitation for 11% Senior Notes Due 2005 of Aircraft Service International Group, Inc

Business Wire, June 29, 2001

Business Editors/Travel Writers

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--June 29, 2001

On June 25, 2001, Signature Flight Support Corporation ("Signature") amended its tender offer and consent solicitation for the 11% Senior Notes due 2005 (the "Securities") of Aircraft Service International Group, Inc. ("ASIG"). Under the terms of the amended offer, Signature has offered to purchase the outstanding Securities at a revised purchase price equal to 104% of the principal amount thereof, plus accrued and unpaid interest to but excluding such date of payment. The amended offer will expire at 10:00 a.m., New York City time, on July 10, 2001, unless extended. ASIG recommends acceptance of the tender offer at the revised purchase price and believes that such price is fair to the holders of the Securities.

ASIG has operated for over 50 years as one of the largest independent airfield services companies in the world. ASIG has substantial ground handling and fueling operations with 65 business units in 50 cities in North America and Europe. ASIG employs over 4,000 aviation service professionals. The company is pursuing aggressive strategies for Total Quality, and service expansions in new cities. ASIG and its subsidiaries are owned by Ranger Aerospace Corporation.

The Company from time to time may discuss forward-looking information. Except for the historical information contained in this release, all forward-looking information are estimates of the Company's management and are subject to the various risks and uncertainties that are beyond the Company's control and may cause results to differ from management expectations.