AirNet Systems, Inc. Names New Chief Executive Officer

COLUMBUS, OH–(EMWNews – August 25, 2008) – AirNet Systems, Inc. (“AirNet”) announced

today that George Gonzalez has been named the Chief Executive Officer of

AirNet, effective immediately. Mr. Gonzalez has served as a member of the

Board of Directors of AirNet since the company went private in a sale to

Bayside Capital in June 2008. He succeeds Bruce D. Parker, who will remain

a member of AirNet’s Board of Directors.

Mr. Gonzalez has a deep background in the aviation, air cargo, express

cargo and logistics industries, which includes serving as Chief Executive

Officer with Centurion Air Cargo and senior executive positions with DHL

Worldwide Express and Bombardier Aerospace. Earlier in his career, he was

also a Chief Pilot for Inversiones Sonoli, a corporate passenger operation.

He holds a Bachelor of Science degree in Professional Aeronautics from

Embry-Riddle University as well as Airline Transport and Commercial

Helicopter Pilot licenses.

Mr. Parker, a Director of AirNet since 2002 and Chairman, President and

Chief Executive Officer of AirNet since late 2006, said “I welcome George

as AirNet’s new CEO. He comes with the knowledge, the leadership

capabilities and the desire to enable AirNet’s future success as the

company moves forward. I look forward to working with George and the

company as a member of the Board of Directors.”

Mr. Parker continued, “It was a great experience serving as CEO of AirNet,

both in leading the company in the transition to becoming ‘the premier

express provider and the air carrier of choice’ and in taking the company

private with the sale to Bayside Capital. Having the opportunity to work

with so many talented individuals in AirNet has been exciting.”

Mr. Gonzalez thanked Mr. Parker for his leadership and said, “I am excited

about joining the management team at AirNet. It is a great company with a

group of professional and dedicated employees, and I look forward to

leading the company through its next stage of diversification and growth.”

About AirNet Systems, Inc.

AirNet Systems, Inc., an affiliate of Bayside Capital, focuses its

resources on providing value-added, time-critical aviation services to a

diverse set of customers in the most service-intensive, cost-effective

manner possible. AirNet operates dedicated charters and an integrated

national transportation network that provides expedited transportation

services to banks and time-critical small package shippers nationwide.

AirNet’s aircraft are located strategically throughout the United States.

To find out more AirNet visit the Company’s website at www.airnet.com and

to find out more about Bayside Capital visit www.bayside.com.