Company announces four promotions, signaling continued growth and prosperity

Carlsbad, Calif. — (February 26, 2007) — Jet Source, a full-service aviation firm, headquartered at the McClellan-Palomar Airport in Carlsbad, Calif., today announced the promotion of four senior staff positions. Established in 1997, Jet Source continues to increase its economic impact throughout the aviation industry and San Diego County. From senior leadership to avionics experts, pilots, service technicians and customer service representatives, Jet Source employs more than 100 staff members in San Diego. In preparation for opening a second facility in Henderson, Nevada next spring, Jet Source expects to continue its steady growth path and expand to nearly 130 employees by the end of the year. Jet Source’s recent company promotions include:

Daiva Gedgaudas – Vice President and Controller With more than 20 years of accounting experience, Gedgaudas is responsible for all financial affairs, human resources and information technology. In addition, she will support Frank Milian, president and CEO with special projects.

Megan Cunningham – Vice President, Charter Services Cunningham brings more than 10 years of aviation and customer relations experience to her new role. She will guide the expansion of Jet Source’s Charter Services division and oversee the operations department. During her tenure with Jet Source, Cunningham has proven her expertise in exceeding client expectations by maintaining impeccable service for each chartered flight.

Jim Grindrod – Director of Operations An experienced pilot, Grindrod is equipped with more than 20 years of aviation and management expertise. He is now responsible for flight operation activities, including the maintenance department. Under his leadership, he maintains the strictest standards in hiring and training Jet Source crew members, to ensure our safety standards far exceed FAA Part 135 regulations.

Jay Brentzel – Chief Pilot Brentzel is responsible for pilots assigned to Jet Source aircraft, and assists in training and flight standards. He possesses more than 6,000 hours in flight time and is type rated in three aircraft types currently operated at Jet Source. Prior to joining Jet Source, Brentzel also served as a chief pilot and check airmen.

With Jet Source’s 10-year anniversary on the horizon, Frank Milian, president and COO, is delighted to share his thanks to these employees for their commitment to the company’s mission in providing personalized aviation services. “Every business leader knows it’s the people who make the company thrive,” noted Millian. "When I look around the table at our senior staff meetings, I’m keenly aware that we have the necessary critical mass – the dedication, experience and vision from a team of leaders who work together to build our success. Megan, Daiva, Jim and Jay all have unique roles to play in the functioning of our business. I always continue to be impressed with their work and am thrilled that they are able to grow both professionally and personally with Jet Source."

In 2008, Jet Source will open a new, state-of-the-art facility in Henderson, Nevada, that will consist of two 35,000 square foot hangars and an executive terminal. The new second location will offer aircraft charter, management, maintenance, avionics, aircraft sales/acquisitions and fuel sales to tenant customers.

About Jet Source

Established in 1997, Jet Source is a nationally-recognized business aviation center and is the only facility in California having the internal capabilities to support the operational needs of corporate aircraft at one location. Headquartered in southern California at the Palomar-McClellan Airport in Carlsbad, Jet Source boasts more than 120,000 square feet of hangar space, a FBO with an Executive Terminal and provides maintenance, avionics, ramp service, fuel sales, aircraft charter, management and aircraft sales/acquisition. More information can be found online, www.jetsource.com.

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