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Lee Iacocca Joins SmartJets

SmartJets, the innovator of “Time
Ownership” in the private jet travel industry, announced that former
Chairman of Chrysler Corporation and President of Ford Lee Iacocca has
joined its advisory board as Chairman. SmartJets combined fractional
ownership benefits with the customer-driven needs of all private jet
travelers to create a new, unmatched niche of private jet service.
SmartJets Time Ownership concept minimizes long-term commitment and costs,
while maximizing aircraft quality, superior service and flying flexibility.
As Chairman of the Advisory Board, Iacocca will assist in directing
management, serve as a spokesperson in SmartJets’ ad campaigns, and appear
at company-sponsored events. Iacocca is best known for saving the Chrysler
Corporation from bankruptcy.

Paul A. Svensen Jr., SmartJets’ CEO, said, “Lee Iacocca will be a valuable
asset to SmartJets. Having bought and sold Gulfstream Aerospace while at
the Chrysler Corporation, he has a vast understanding of the private jet
industry that will help direct the future of SmartJets. In addition, as a
private jet traveler, he brings the experience and understanding to
represent our clients needs and desires. Lee’s management style combined
with his experience in the private jet industry will provide SmartJets
with valuable guidance.”

In response to the appointment, Lee Iacocca said, “I am pleased to serve
as Chairman of the Advisory Board for SmartJets. The company is an
emerging leader and innovator in private jet travel. They offer their
customers travel in the finest aircraft while reducing costs and
maintaining a high level of service. I look forward to working with the
senior management team on the future growth and success of the company.”