1. Hawk Investment Conference October 3, 2007 PowerPoint Services 400 Park Place, 5F Fort Lee, NJ (917) 856-0582 Jordan Yaruss

2. PowerPoint Services Sample Presentation 2 PowerPoint Services Sample Presentation PowerPoint Services Sample Presentation Eagle Airways (EAGL) It’s not an airline 2007 GAAP EPS$1.0011.0x 2008 GAAP EPS$2.0012.0x 2007 cash EPS$3.0013.0x 2008 cash EPS$4.0014.0x 2007 EV/EBITDA15.0x 2008 EV/EBITDA16.0x Fully diluted shares outstandingxx.x million EAGL$xx.xx Market capitalization$xxx million Shares repurchased 2007x million Eagle valuation

3. PowerPoint Services Sample Presentation Customers as platforms AmericaJet planes Seat capacityPlane type 50ERJ 145 70ERJ 170 85ERJ 175 10 21 26 36 58 68 199920002001200220032004200520062007

4. PowerPoint Services Sample Presentation Long-term nature of contracts  Initial contract is typically 10—12 years in duration  Contracts typically get expanded and extended over their life American Airlines2013 Continental Airlines2012 Delta Airlines2016—2019 Frontier Airlines2019 United Airlines2015—2017 US Airways2013—2019 Customers under contract Profit visibility 70% 2016 of current pre-tax profit contracted to

5. PowerPoint Services Sample Presentation Growth through industry turmoil  American Financial distress 2001  Delta Chapter 11, September 2005  TWA Sold to AMR, April 2001  United Chapter 11, December 2002  US Airways Chapter 11, August 2002 Chapter 11, September 2004 Merger with America West, May 2005 Airline bankruptcies ROE:11.7%12.0%13.0%14.0%15.0%16.0%17.0% Planes :60708090100200300 EBITDA/ROE/planes under contract $ millions 200220032004200520062007E2008E

6. PowerPoint Services Sample Presentation Case study: Delta Airlines 55 planes Impact on EAGL: $Xm pre-tax/year EAGL Bankruptcy $xx.xm Warrants $xx.xm $xxm Eliminates 15

7. PowerPoint Services Sample Presentation Jordan Yaruss PowerPoint Services Phone: (917) 856-0582 Fax: (201) 944-9499 www.powerpointservices.com jordan@powerpointservices.com Jordan Yaruss PowerPoint Services Phone: (917) 856-0582 Fax: (201) 944-9499 www.powerpointservices.com jordan@powerpointservices.com