FlightSafety Names Faulkenberry Director of Finance, Simulation

LA GUARDIA AIRPORT, NEW YORK (July 18, 2007) – FlightSafety International announced today that Lowell Faulkenberry has joined FlightSafety Simulation as Director, Finance.

"I am very pleased to welcome Lowell to our management team and look forward to his contributions to our continued success," said Rick Armstrong, Vice President, Simulation, FlightSafety International.

Faulkenberry has over 25 years of experience in the financial services industry and has held a number of senior management positions in accounting, finance, audit, insurance, operations, legal, expense management and contracts. He holds a Bachelors of Business Administration Degree in Accounting from the University of Texas at Arlington and is a Certified Public Accountant.

He joins FlightSafety Simulation from Enhanced Performance Solutions where he instituted program management reporting systems for American Electrical Power in the management of power generation facility construction. He was previously with BOK Financial Corporation for 16 years, and served as Senior Vice President and Director of Risk Management.

"As a key member of our management team, Lowell will support the company’s plan to increase sales of FlightSafety Simulation products and services," added Armstrong. "He will work to ensure the efficient and effective management of the resources required to develop, manufacture and support the company’s industry leading flight simulators, visual systems and other advanced technology training devices. This will serve to further increase the value, product quality and reliability FlightSafety Simulation Customers receive."

FlightSafety has been a world leader in the design, manufacture and support of advanced technology training systems and equipment for over 50 years. More than 400 FlightSafety built simulators have entered service in the past 20 years, including simulators for over 160 aircraft models in the past five years.

FlightSafety International is the world's premier aviation training organization. Over 75,000 pilots, technicians and other aviation professionals train at FlightSafety facilities each year. The company designs and manufactures full flight simulators for civil and military aircraft programs and operates the world's largest fleet of advanced full flight simulators at 40 training locations.