Kansas City, MO—Vanguard Airlines, Inc. (NasdaqSC: VNGD) today announced that the Company`s Board of Directors has named Vanguard CEO and President Scott Dickson as Chairman of the Board. Dickson replaces Robert J. “Rocky” Spane, who will continue as a member of the Board of Directors and a consultant for the Company.

“Scott has demonstrated the ability to lead the Company and execute Vanguard`s plan,” commented Mr. Spane. “In his brief time here, Scott has produced increases in Vanguard`s load factor, improvements in Vanguard`s on-time performance and improvements in Vanguard`s yields, despite this being generally recognized as a difficult time for all airlines. The Board has great confidence in his ability to complete the changes necessary to Vanguard`s future.”

“Vanguard will always appreciate the years of leadership and dedication Rocky has provided to the Company,” commented Mr. Dickson. “Rocky laid the groundwork for Vanguard`s turnaround, instilling cost controls and accountability. We are fortunate he will continue on the Board, where his new role will allow him to focus on specific projects important to Vanguard`s strategy. His primary focus will be to assist the Company with government and investor relations.”

Vanguard Airlines, Kansas City`s Hometown Airline, provides convenient all-jet service to 14 cities nationwide: Atlanta, Austin, Buffalo/Niagara Falls, Chicago-Midway, Dallas/Ft. Worth, Denver, Kansas City, Las Vegas, Los Angeles, Myrtle Beach, New Orleans, New York-LaGuardia, Pittsburgh and San Francisco. The airline offers low fares, advanced seat assignment and extra legroom on all flights with a fleet of three Boeing MD-80s and 10 Boeing 737s. For more information or to make reservations online, visit Vanguard`s Web site at www.flyvanguard.com. Vanguard Airlines, you`ll like where we`re going.

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