TRANS-EXEC PRIVATE JETS ANNOUNCES PURCHASE OF GULFSTREAM V

David Bilson, president of Trans Exec Private Jets based in Van Nuys, California, today announced the purchase of a Gulfstream V, yet another example of the company not only surviving during the challenging marketplace, but also thriving. Trans-Exec Private Jets is the first private jet charter operator to own its own fleet of Gulfstream's, which includes this new GV.

Bilson states, "We have spent 30 years running Trans Exec in a fiscally conservative manner. Having very low debt and strong cash reserves has enabled us to make the largest purchase in our (or any other operators) history."

Costing approximately $40 million new, the ultra-long range Gulfstream V is capable of flying 6,500 nautical miles and at speeds up to Mach .885 which is about 740 miles per hour. The Gulfstream V is the world's first and most successful ultra-long range large cabin business airplane. Current White House decorator Michael Smith designed the interior of Trans-Exec's new GV jet.

Over the last 18 months, Trans-Exec has seen an unprecedented increase in inquiries about its services and, has experienced a 17% increase in its flights. Trans-Exec has recently added amenities such as internet capable of worldwide connectivity and cordless phones to its fleet.

Says Bilson. "Being able to provide clients with a service that is stable and of unparalleled quality has given us a huge boost."

About Trans-Exec Private Jets

The world's finest private jet service. Trans-Exec Private Jets was established in 1979 by President David Bilson. Offering refined, highly attentive service, up-to-the-minute technology and safety systems—and even a controlled client list—Trans-Exec Private Jets is dedicated to aviation excellence, exclusivity and innovation. Boasting its own fleet of eight Gulfstream jets manned by hand-selected, rigorously trained crews, Trans-Exec Private Jets is the only private jet carrier in the world to offer the Priority Program, a flexible, cost effective, customized plan that specially tailors aircraft, crew and amenities to each client for one inclusive monthly fee. Catering to a discerning clientele of high net-worth individuals, including corporate executives, celebrities, heads of state and five former United States Presidents, Trans-Exec is a proven innovator in providing private, secure and luxurious transportation around the globe. Based out of Van Nuys Airport in Southern California, this leading jet service features such personal touches as in-flight spa treatments, state-of-the-art, newly installed wireless Internet service and freshly prepared gourmet cuisine. For more information, call (818) 904-6900 or visit www.transexec.com.