AirNet Systems, Inc. Announces New Chief Financial Officer

COLUMBUS, OH--(Marketwire - August 11, 2008) - AirNet Systems, Inc. ("AirNet") announced today that Fred L. deLeeuw joined the Company as Chief Financial Officer, effective July 21, 2008.

Mr. deLeeuw has more than three decades of experience in the airline industry. Since 2005, he served as President of Big Sky Airlines Co., a regional passenger airline, based in Billings, Montana.

Prior to that, he held various financial and marketing positions with increased responsibilities at several regional, national and international airlines, including Atlas Air, Inc., Continental, Northwest, Vanguard and People Express

Mr. deLeeuw earned a Masters of Business Administration degree and a Bachelor of Science-Finance degree from Arizona State University.

Bruce D. Parker, Chief Executive Officer and President of AirNet, said, "We are pleased to welcome Fred deLeeuw to our senior management team. His broad-based experience in the airline industry is a good fit for AirNet. We look forward to his financial leadership as we continue to implement our growth strategy."

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.

Contact Information: CONTACT: AirNet Systems, Inc. Fred deLeeuw (614) 409-4832 InvestQuest, Inc. Bob Lentz (614) 876-1900