Kansas City, MO—Vanguard Airlines, Inc. (NasdaqSC: VNGD) announced today the appointment of Greg Aretakis as Vice President of Market Planning, effective immediately. Mr. Aretakis has held various airline marketing and planning positions at New York Air, Continental Express, Continental Airlines, and American Airlines. Most recently, Mr. Aretakis was part of the startup team at Shuttle America, a Connecticut-based airline, where he was Vice President of Marketing.

Jeff Potter, CEO and President of Vanguard Airlines, said, “I am pleased to announce the appointment of Greg Aretakis to Vice President of Market Planning. Mr. Aretakis brings 21 years of airline planning experience to Vanguard Airlines as well as an extensive knowledge of startup and regional airlines. His expertise will be instrumental to our future growth plans. We are fortunate to have him onboard.”

Greg Aretakis said, “I am excited about the terrific opportunity to join the dedicated Vanguard team. I have always enjoyed tackling the challenges facing smaller carriers. With five years under its belt, Vanguard has a solid structure in place, and I am confident that we can continue the past successes and develop markets that will produce maximum revenue for the company.”

Kansas City-based Vanguard Airlines, which began service in December 1994, is a low-fare, 100% ticketless passenger airline providing convenient and frequent, scheduled jet services to the following ten cities: Atlanta, Buffalo/Niagara Falls, Chicago-Midway, Dallas/Ft. Worth, Denver, Kansas City, Minneapolis/St. Paul, Myrtle Beach, New Orleans and Pittsburgh. The Company employs approximately 950 full-time equivalent employees and currently operates a fleet of 14 Boeing 737s. For more information on Vanguard or to book a reservation online, please visit the Company’s Web site at www.FlyVanguard.com.

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