Airnet News...

[Stone Cold]

AirNet Systems, Inc. Appoints Bruce D. Parker as CEO,
as Joel E. Biggerstaff Announces His Resignation

CONTACT:
AirNet Systems, Inc.
Gary Qualmann
(614) 409-4832
InvestQuest, Inc.
Bob Lentz
(614) 876-1900

COLUMBUS, Ohio – December 29, 2006 -- AirNet Systems, Inc. (AMEX: ANS) announced
today that Joel E. Biggerstaff, President, Chief Executive Officer and Chairman of AirNet
Systems, Inc. has resigned as Chief Executive Officer of the company. At the company’s request
Biggerstaff will remain with the company in an advisory role through the end of December and will
be retained as a consultant in 2007 to ensure a smooth transition and provide valued counsel.
Biggerstaff will also resign from the company’s Board and as Chairman as of December 31, 2006.

Not sure what to think of it...we'll see what happens. Some rumots are he might be what we need, others say that some board members put him in there for a reason. Use your imagination for that last rumot. Only time will tell. It could be a good time to be here, or it could get very ugly.

[jtrain609]

You guys should get RJ's.

[Stone Cold]

Originally Posted by jtrain609

You guys should get RJ's.

Hahahahahaha. I hear there are a ton of 50 seaters on the market...how long until the 70 seaters are there, I wonder???

[Baronman]

Originally Posted by Stone Cold

Hahahahahaha. I hear there are a ton of 50 seaters on the market...how long until the 70 seaters are there, I wonder???

Umm....there are? Funny how CHQ couldn't find any Embraers to use for Continental and ends up using the few ex-Indy air CRJs (which are just about the only ones I know of sitting around).

[jtrain609]

I think it was a jab at the fact that the cost per seat mile on the 50 seat CRJ's is retardely high.

[Baronman]

Yep...it is higher than some other aircraft. But it can still make $$.
Midwest Airlines just signed a contract for 50 seat flying for example....

[jtrain609]

You mean Skywest just signed a contract for some 50 seat flying, and maybe the reason they can make money because they're paying their 900 pilots nothing more than the 200 pilots eh?

[Baronman]

Okay...however you want to put it...Midwest and Skywest now have an agreement for Skywest to fly 50 seat aircraft for Midwest Airlines.

Mind you I'm no huge fan of Skywest but didn't they just agree to some sort of pay overide for their CRJ700/900? So...I guess that's one way less SKYW will make money (1 pay rate system).

[Texasspilot]

mmmmmmmmmm......rj's flying freight. The last one I rode on sqeeked and rattled so much it sounded like you had a trunk full of sytrofoam coolers packed in the back of a late 70's chevy.

I don't think they'd do well at all in the hands of you untrained, lowly, check haulers.

[falconvalley]

That guy was always really nice to everybody. I remember him and the rest of us screaming at the top of our lungs during one of the US soccer matches at the World Cup. Don't know about how well he did with running the company, though. Running a business is definitely not my forté.

[Stone Cold]

Originally Posted by falconvalley

That guy was always really nice to everybody. I remember him and the rest of us screaming at the top of our lungs during one of the US soccer matches at the World Cup. Don't know about how well he did with running the company, though. Running a business is definitely not my forté.

Who, Bruce Parker??? Where do you know him from??

[falconvalley]

Originally Posted by Stone Cold

Who, Bruce Parker??? Where do you know him from??

I completely read the article wrong. I missed the part about the appointment. I finished, thinking who's replacing Biggerstaff?

[falconvalley]

So what's this guy gonna do exactly? You guys need either a bigger piece of the non-bank market eventually, or shrink. Or is the new guy gonna tell management to stop hiring so many people and then firing so many already trained people