Flightstar Named One of 50 Fastest Growing Businesses in Northeast Florida

Business Wire, August 18, 2003

Business Editors

JACKSONVILLE, Fla.--(BUSINESS WIRE)--Aug. 18, 2003

Flightstar Aircraft Services, Inc. is pleased to announce that it was recently named one of the Business Journals "Fifty Fastest Growing Businesses in Northeast Florida". The ranking was for privately held companies and was based on average revenue growth over the past three years in addition to a minimum level of revenue. Flightstar Aircraft Services was the only business to be chosen from the Air Transport industry.

"We are extremely pleased that Flightstar was choosen as one of the fifty fastest growing businesses," said Jerry Hernandez, President. "Our growth has helped us to become an active part of the Northeast Florida economy and we look forward to continued growth in the future."

About Flightstar

Founded in April, 2000 and based at the Jacksonville International Airport, Flightstar Aircraft Services, Inc. is a leading provider of heavy maintenance and inspection services as well as modification services for narrowbody air transport category aircraft. The company specializes in MD80, DC9, B727 and B737 aircraft. Services include all levels of scheduled maintenance from daily line checks to heavy depot level maintenance. Additionally the company provides engine changes, complete avionics modifications, structural modifications and upgrades, reduced noise level modifications and passenger to freighter conversions. Flightstar is an FAA approved repair station (certificate # FOTR986N).