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RANGER AEROSPACE CEO STEVE TOWNES APPOINTED TO WINGS CLUB BOARD OF GOVERNORS
FOR IMMEDIATE RELEASE CONTACT
Dr. George Watts, Executive VP-(864) 286-1000

Greenville SC, April 7, 2000 - Ranger Aerospace, a leading acquirer in the ongoing consolidation of the aviation services industry, announced today that its CEO and Founder, Steve Townes, has been appointed to the Board of Governors of The Wings Club, in New York City. Formed in 1942 shortly before the U.S. entered World War II, this prestigious worldwide organization has been a continual forum for the promotion and development of the aviation industry. Association members consist of key figures in the airlines, government, the military, aerospace manufacturing, general aviation, politics and finance. Mr. Gordon Bethune, CEO of Continental Airlines, is the current President of The Wings Club.

Townes, who is also President of Aircraft Service International Group and Chairman of SkyTanking GmbH, remarked "I urge aviation entrepreneurs and aerospace leaders from all over our industry to join The Wings Club. The Wings Club has a rich history in aviation and provides the perfect venue for shaping and debating important issues in the aviation industry today." Mr. Townes is a well-known senior executive and entrepreneur in the aviation services industry, with experience in military aerospace, commercial aeromod, FBO's, and airline services. He is an engineering graduate of West Point.

Ranger is a privately held investment and management company with large financial institutions, venture capital entities, and management as shareholders. Ranger and its subsidiaries operate with 3,900 employees at 56 airports in North America and Europe. Ranger and its shareholders add value via seasoned veterans who are highly experienced in aviation services, aerospace, engineering, finance, marketing, TQM, leveraged buyouts, organizational development, post-merger integrations, and turnarounds. Ranger builds Total Quality programs and ISO-9000 initiatives, creates workforce initiatives aimed at productivity improvements, re-invests heavily in capital equipment upgrades and aggressive marketing & customer service programs, and provides aggressive leadership for its operating companies. Ranger owns Aircraft Service International Group, Inc., ASII, ASL Limited (UK), Dispatch Services, Inc., Elsinore Aviation Services, Florida Aviation Fueling Corp., Freeport Flight Services Ltd., 50% of SkyTanking GmbH (Germany), and operates LAX-FUEL (largest airport fuel consortium in the world).

See www.rangeraerospace.com and www.wingsclub.com for more details.

The Company from time to time may discuss forward-looking information. Except for the historical information contained in this release, all forward-looking information are estimates of the Company’s management and are subject to the various risks and uncertainties that are beyond the Company’s control and may cause results to differ from management expectations.

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