ASTAR Air Cargo Withdraws Lawsuit Against GA Telesis for Fraud, Breach of Contract

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ASTAR Air Cargo (ASTAR) today announced that it has dismissed with prejudice its lawsuit filed on April 28, 2008 against GA Telesis, ART 22982 LLC, and ART 21985 LLC and all claims asserted therein, in connection with the purchase of a Boeing 727-200 cargo aircraft. GA Telesis was the servicer for the ART entities in connection with the sale.

We have utmost confidence in the integrity and business ethics of GA Telesis and ART. We are pleased that we have resolved any outstanding issues and I would like to thank Abdol Moabery, President and Chief Executive Officer of GA Telesis, and Jeffery McCoy, Chief Executive Officer of N-1 Technologies and Manager of ART, for their instrumental roles in this process.

    "We are pleased that the parties were able to quickly get this negotiation back on track and closed," said Steven A Rossum, ASTAR's Executive Vice President and General Counsel. "We have utmost confidence in the integrity and business ethics of GA Telesis and ART. We are pleased that we have resolved any outstanding issues and I would like to thank Abdol Moabery, President and Chief Executive Officer of GA Telesis, and Jeffery McCoy, Chief Executive Officer of N-1 Technologies and Manager of ART, for their instrumental roles in this process."

About ASTAR Air Cargo, Inc.

ASTAR Air Cargo, Inc. is the operating subsidiary of ASTAR Air Cargo Holdings, LLC. ASTAR Air Cargo is a licensed U.S. air carrier operating a fleet of 43 aircraft from its operational hub in Wilmington, Ohio. The airline provides cargo scheduled and charter services on a contract basis for the DHL Express network and charter services on a contract basis for other customers including the U.S. military and the United States Postal Service. ASTAR Air Cargo is a participant in the United States Civil Reserve Air Fleet program supporting our national defense. Additional information can be found at http://www.astaraircargo.us.

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Richard Marcus
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