DayJet Takes Off, Launching New Era in Regional Transportation

TALLAHASSEE, Fla.—October 3, 2007—DayJet Corporation today announced the launch of the world’s first “Per-Seat, On-Demand” jet service in Florida. DayJet members – which number more than 1,500 business travelers – can now book just the seat they need aboard DayJet’s fleet of Eclipse 500™ very light jets (VLJs); customize travel according to their time and budget requirements; fly point-to-point between an initial five Florida DayPort™ airports; and return home in a single day. Prices start at a modest premium to equivalent full-fare economy coach airfares.

Today’s service inauguration and grand opening of its first DayPort facilities in Boca Raton, Gainesville, Lakeland, Pensacola and Tallahassee were marked by a press conference. Joining DayJet President and CEO Ed Iacobucci were Florida Lt. Governor Jeff Kottkamp, Tallahassee Mayor John Marks, Eclipse Aviation President and CEO Vern Raburn, Pratt & Whitney Canada President Alain Bellemare, and state and local leaders.

The company also confirmed its plans to expand “Per-Seat, On-Demand” service within the next two years to dozens of additional DayPort locations across the Southeast, including Alabama, Georgia, Mississippi, North Carolina, South Carolina and Tennessee.

Florida Governor Charlie Crist commented on DayJet’s service launch: “I applaud DayJet for making Florida its headquarters and launch pad. DayJet is investing in Florida’s economy by creating new jobs, and I commend them for their work.”

Lt. Governor Jeff Kottkamp stated: “Florida is a cradle of aviation innovation and has led the charge for decades. We applaud DayJet, whose launch begins by connecting five important cities throughout Florida, sparking a revolution in business travel that will bring major economic benefits to our state. DayJet’s service was conceived, developed and brought to reality in Florida, by Floridians, for Floridians.”

“We are embarking on a new era in regional transportation that, for the first time, brings the benefits of on-demand jet service to the average business traveler,” said Ed Iacobucci, DayJet president and CEO. “Starting today, business travelers in the Southeast can have all the power in the travel relationship. They can decide how much their time is worth and dictate a travel itinerary that increases their productivity and enhances their quality of life. It took years of hard work and innovations to make this new service a reality. It would not have been possible without close collaboration with our partners at Eclipse Aviation, Pratt & Whitney Canada, the Federal Aviation Administration, the State of Florida and our first DayPort communities.”

Florida Department of Transportation Secretary Stephanie C. Kopelousos said: “For more than 50 years, Florida has been the cradle of innovation and growth in the aviation industry. The state has supported commercial aviation with outstanding airports, infrastructure and technical education. Florida is the Aviation State, and today’s historic launch of DayJet’s ‘Per-Seat, On-Demand’ jet service is proof of that.”

U.S Representative John L. Mica, Republican Leader of the House Transportation and Infrastructure Committee stated: “Today launches a new era in aviation travel. Florida remains in the forefront of aviation innovation and I am pleased that this service will also better utilize some of our more underserved communities.”

Customer Convenience, Comfort and Control
DayJet’s customized approach to business travel turns the usual power structure of mass transportation on its head – passengers tell DayJet where and when they want to travel, and how much they are willing to pay. The company’s flexible Time-Value Pricing™ structure enables members to set a value for their time. If their time is at a premium, members can create a narrow travel window. When they have more flexibility, they can reduce their cost by setting a wider travel window. The more flexible members are with their travel time, the lower the airfare.

Howard Gruverman, CEO of Edify USA and first customer to fly DayJet service said: “I was the first passenger on DayJet and the service exceeded my expectations. The plane was roomy and comfortable, the pilots had impressive experience and the whole service model worked exactly as promised. DayJet is a great tool for business people who want to make better use of their time, conducting more business while they improve their quality of life.”

Unlike scheduled airlines, DayJet creates a unique flight plan each and every day in response to customer requirements – who tell the company where to fly, when to fly, and how many aircraft and pilots to deploy – through a real-time reservation system that quotes and books trips in just seconds. This new type of “customer adaptive” business model is only made possible through the unique combination of DayJet’s all-digital, real-time operations system and sheer aircraft density; DayJet is the largest fleet operator of next-generation VLJ aircraft in the world.

World’s Largest VLJ Fleet Operator
To facilitate its growth, DayJet has a five-year order for more than 1,000 Eclipse 500 VLJs.
The company’s fleet, which currently numbers a dozen Eclipse jets, is planned to grow to 30 jets by year’s end. Within two years, the DayJet fleet is expected to exceed 300 Eclipse 500 VLJs.

“The Eclipse 500 very light jet’s value proposition has inspired a new layer of affordable regional air transportation that will allow travelers to save time and be more productive,” stated Vern Raburn, president and CEO of Eclipse Aviation Corporation. “DayJet and Eclipse are demonstrating that the idea of a new class of aircraft that are compliant with the FAA’s NextGen strategy will change the work-life balance of hundreds of thousands, and eventually millions of Americans.”

“Pratt & Whitney Canada’s innovative PW600 engine family is helping to spark a whole new market in jet travel, while promising a smaller footprint in terms of fuel consumption, carbon emissions and noise,” said Alain M. Bellemare, president of Pratt & Whitney Canada. “We are proud to be playing an important role in powering a new generation of small and affordable jets that make DayJet ‘Per-Seat, On-Demand’ passenger service possible for a vast new group of fliers. Together, we are revolutionizing the way people travel.”

First All-Digital Commercial Air Carrier
Today’s service launch is only enabled through DayJet’s proprietary all-digital, real-time operations system, which the company has spent the last five years developing. DayJet is the first air carrier in U.S. history to build and deploy a 100 percent digital operation.

DayJet’s Advanced System Technology for Real-Time Operations (known as ASTRO) – which contains more lines of code than early releases of Microsoft Windows – automates and manages every aspect of the company’s operations, end to end. This includes customer reservations, billing and membership management; flight records and training; flight planning and scheduling; pilot electronic flight bag (EFB); DayPort field information; and maintenance control.

ASTRO’s all-digital capabilities include digital signatures, electronic surveillance, electronic record keeping, automated flight planning and filing, automated compliance checking and automated TSA security clearance. ASTRO is built on highly complex mathematical algorithms and enables DayJet’s “Per-Seat, On-Demand” advantage as it can calculate in real-time the optimum deployment of hundreds of planes and pilots to meet the demands of customers, while ensuring regulatory compliance.

Best Capitalized On-Demand Air Carrier in History
In recognition of the company’s unique business model and industry position, DayJet has raised more than $200 million to date in both private equity and debt. This level of funding places DayJet among the best capitalized pre-operational passenger air carriers in American aviation history, and the single largest carrier in the on-demand sector.

Note to Television Producers:
B-Roll is available with aircraft footage, interviews with DayJet members, DayJet CEO Ed Iacobucci and animation of the DayJet service region. B-Roll will be available at the satellite coordinates and time below:

October 3, 2007
10:00 – 10:30 Eastern time
KU Analog
Galaxy 11, K 13
Orbital position: 91 degrees West
Downlink frequency: 11960 H
Trouble number: Andy Bundschuh 850-224-5420

About DayJet
DayJet is the world’s largest fleet operator of next-generation very light jet (VLJ) aircraft and the pioneer of a new type of regional business travel. “Per-Seat, On-Demand” jet service is sold by the individual seat and customized for each passenger’s unique time and budget requirements – prices start at a modest premium to full-fare economy coach airfares. Headquartered in Boca Raton, Florida, DayJet is among the best capitalized pre-operational air carriers in U.S. history and the first 100% all-digital operator. Combined with the speed and efficiency of Eclipse 500 VLJ aircraft, DayJet per-seat, on-demand jet service has created the next major advance in corporate productivity and regional economic development. For more information, visit www.dayjet.com.

DayJet’s “Per-Seat, On-Demand” business jet service is operated by DayJet Corporation’s wholly owned subsidiary, DayJet Services, LLC, an air carrier registered with the Department of Transportation and the holder of an on-demand air carrier certificate from the Federal Aviation Administration (FAA) authorizing operations under Part 135 of the FAA’s regulations under Title 49, Subtitle VII, of the United States Code.

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DayJet™ DayPort™ DayBase™ are trademarks of DayJet Corporation. All other trademarks and registered trademarks are property of their respective owners.

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