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Press Release: Chief Executive Air Introduces Program to Reduce Carbon Footprint

NEW YORK (March 25, 2008) – Chief Executive Air (www.chiefexecair.com), the market leader in providing customized world wide private jet charter services, today announced a partnership with TerraPass to reduce its “carbon footprint” and fund clean energy projects to reduce greenhouse gas emissions.

We all contribute harmful effects on the environment, and air travel is a major source of the greenhouse gas emissions that contribute to global warming. A two-hour flight burns approximately 600 gallons of fuel, the same amount an average person uses in a year driving a car.

“Chief Executive Air is a mission-driven business, said Chief Executive Air CEO Jeffrey Menaged. “Unlike other private jet companies we have a social goal — to reduce the greatest amount of carbon emissions we can.”

The best way to reduce greenhouse gas emissions is to use less energy; however, air travel is one of the hardest activities to give up. When you have to fly, consider balancing your travel by sponsoring reductions in greenhouse gas emissions elsewhere.

In conjunction with TerraPass, Chief Executive Air customers have the opportunity to voluntarily purchase carbon offsets every time they fly. Clients who opt into this program are charged per flight hour for their offsets. Members can opt in for every flight.

“Air travel is responsible for three percent of worldwide carbon dioxide emissions and growing,” added Menaged. “It is crucial that we offer our customers this opt-in program so together we can play an active role in reducing greenhouse gas emissions.”

Chief Executive Air offers three classes of jet aircraft: light, mid-size and full-size. The hourly amount of greenhouse gas reductions depend on jet class. Emissions rates for the various jet sizes are based on industry averages for aircraft type, as well as greenhouse gas emission protocols developed by the World Resource Institute.

Funds from the Chief Executive Air program go toward three types of leading-edge projects: wind power, farm power, and landfill gas capture. All emissions reductions come from projects sourced in the U.S., and are guaranteed to take place in the same time period as the client’s flight. Other carbon offset providers put money towards tree-planting carbon dioxide reductions, in 2008, but do not take effect for as many as 50 years from now.

About Chief Executive Air

Founded in 2001, Chief Executive Air is a market leader in providing world wide private jet charter services. Driven by the desire to provide clients with a simple, user-friendly way to buy charter services, Chief Executive Air was founded on the principle of placing the client’s needs first.

The true cost of flying on a private jet has always been shrouded in the mystery of technical terms and hidden fees that are for even a seasoned traveler. Chief Executive Air simplifies the process with the “Charter Jet Price Guarantee” – the charter price you are quoted is the price you pay.

About TerraPass

Launched in 2004, TerraPass is the leading consumer retailer and marketer of greenhouse gas reduction offsets. Over 100,000 TerraPasses have been sold to individuals, families and businesses to balance out the global warming impact of their flying, driving and home energy use. Together, TerraPass customers have reduced more than 700 million pounds of carbon dioxide emissions, the primary cause of climate change. TerraPass works by funding clean energy and carbon reduction projects throughout the U.S., including wind power, farm power, and landfill gas capture.