Trans States Holdings Signs LOI with Mitsubishi Aircraft for purchase of 100 MRJ Aircraft

TSH is based in St. Louis, Missouri and is an airline holding company that owns and operates two independent airlines, Trans States Airlines and GoJet Airlines, both of which are large U.S. regional airlines. TSH is entrusted with feeder services for United Airlines and US Airways.

TSH President Richard A. Leach said, "We are excited about the MRJ program and are extremely happy to be able to sign this letter of intent to purchase 100 MRJ aircraft. In addition, we are excited to be the first airline outside of Japan, as well as the first U.S. airline to make a commitment to the MRJ. We believe that the MRJ is game-changing regional jet that takes into account the environment, as well as passenger and airline needs.

The MRJ will reduce fuel consumption, noise and NOx emissions-this means savings on operating costs. By combining the largest cabin in the regional jet market with the innovative seat design and very quiet cabin, we will be able to offer our passengers the best comfort of any regional jet. As the parent company of the second largest privately owned regional airline in America, we offer 350 daily flights servicing 50 cities and transport over 5 million passengers annually. We are looking forward to the day that we will be operating this spectacular
next-generation regional jet on our routes."

Mitsubishi Aircraft President Hideo Egawa said, "The world has high expectations for the MRJ. One area where
this is especially true is the U.S., with many routes where airlines operate 50- to 90-seat regional jets, so we are extremely proud to receive this order from one of the largest regional airline holding companies in the U.S. We would like to take this opportunity to further ramp up our sales activities around the world."

Egawa added, "The design phase of the MRJ is proceeding smoothly. The state-of-the-art aerodynamic design, combined with a game-changing engine will reduce fuel consumption, noise and NOx emissions. This will contribute to improved competitiveness and profitability for the airlines, and also open the door to a greater scope of airports at which the MRJ can be operated. The MRJ will also achieve a more comfortable cabin than current aircraft on the market. The MRJ aspires to do nothing less than to create a new standard for next-generation regional jets, offering unprecedented value that will benefit the airlines, passengers and the environment."

This order, combined with the March 27, 2008 order for 25 aircraft (15 firm, 10 options) from All Nippon airways Co., Ltd., brings the current number of orders for the MRJ to 125 aircraft (65 firm, 60 options).

Mitsubishi Aircraft Corporation (MJET) commenced operation on April 1, 2008 to conduct the design, type certification, procurement, sales & marketing and customer support of the Mitsubishi Regional Jet (MRJ). It is currently capitalized at 100 billion yen, with this financing being furnished by, among others, Mitsubishi Heavy Industries, Ltd., Toyota Motor Corporation, Mitsubishi Corporation, Sumitomo Corporation and Mitsui & Co., Ltd.