Contact Information: CONTACTS: AirNet Systems, Inc. Fred deLeeuw (614) 409-4832 InvestQuest, Inc. Bob Lentz (614) 876-1900
AirNet Systems, Inc. Names New Chief Executive Officer
| Source: AirNet Systems, Inc.
COLUMBUS, OH--(Marketwire - 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.