Business Overview

1
Business Overview John Boehle Founder 3/07/07
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What Is Point2Point Airways

• Point2Point Airways is a personalized airline
  providing private air travel at prices comparable
  to traditional air carriers

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Point2Points Service Offering

• A personal plane at your disposal
• your schedule
• your destination
• airline prices
• Flying Point2Point is as easy as 1-2-3
• show up at 5,000 community airports
• check-in on the plane
• take off - saves 4-10 hours of hassle per trip
• Simple pay-by-the-mile pricing
• 2.87/mile base AirConnect corporate rate
• Cost of a 300 mile round-trip
• 370/passenger for 3 passengers

4
So Whats the Breakthrough?

• Why Now?
• Availability of Personal-sized aircraft
• Right-sized for personal missions
• Cost 500k-1.9 M vs. 30M
• More fuel efficient
• Hybrid fleet to match mission
• Low ground infrastructure costs
• No terminal leases, baggage handling or gate
  costs
• Leverage thousands of low cost regional airports
• Weak competition
• Secondary markets are poorly served by legacy air
  carriers.
• States west of the Mississippi are too large to
  drive in.

5
How We Compete
Point2Point Airways offers the fastest, the most
cost effective and the most convenient form of
travel in secondary and tertiary markets.
Fastest !
Cost Efficient !
Easiest !
Passengers must travel to Bismarck via
Minneapolis on Northwest Airlines Car
costs based on .455/mile, 2.50/gallon and 24
mpg 545 is the cheapest NW Airlines fare P2P
charges 545 plus 125 per additional
passenger Calculated as travel time x
125/hour Travel times prohibit same day
returns. Hotels are 100/night plus 50 per diem
expenses.
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Market Potential

• Market size In excess of 518,000 trips per year
  in 7 state region
• Based on a two-year Department of Transportation
  / NASA study
• Demand calculated based on 3.00 per mile
• Total annual regional market size in excess of
  1.2 Billion

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The Fleet

• 1-3 Passenger Prop (Cirrus SR22, Diamond Twin
  Star)
• Executive seating.
• Mission day trips of 350 mile radius
• Average Revenue 2.87/mile additional seat
  charge
• Average Cost 1.70 per mile (_at_ 70
  billable hrs/month)

• 1-8 Passenger Turbo Prop (Cessna Caravan)
• Executive seating.
• Mission day trips of 500 mile radius
• Traveling office more interior room than most
  mid-size jets.
• Lowest Average Revenue 7.01/mile additional
  seat charge
• Average Cost 3.81 per mile (_at_ 70 billable
  hrs/month)

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Barriers to Entry

• Geographic Focus establish incumbency in
  underserved areas
• First Mover Advantage
• Lock in corporate accounts for long term
  contracts
• Establish brand name and customer loyalty
  programs
• Operational know how
• AirConnectTM Program (e.g. Southern Illinois,
  Western MN and Central CA
• Establish relationships with regional Economic
  Development Councils
• Lock in 4.5 million of contracts prior to
  launching service
• Community to provide preferentially priced
  facilities and services
• FAA Air Carrier Certification
• Typically takes 1-2 million and 1-2 years of
  effort
• Alliances (Diamond Aircraft, UND Aerospace)
• Training, maintenance, pilot recruiting and
  aircraft leasing

9
Management Team

• Strong Management Team with Deep Industry
  Experience
• John Boehle, Founder CEO 
• Entrepreneur
• - Raised 2.0 million for P2P
• - Successfully commenced commercial air
  operations
• Led 5 year development program for rural
  transportation for NASA,
• FAA and USDOT
• Commercial Pilot w/multi-engine, instrument
  ratings and high
• performance endorsements.
• Univ. Minnesota (Magnum Cum Laude), Univ. N.
  Dakota (MS Aviation)
• Michael Andersen, Director of Flight Operations 
• 30 years of aviation experience (US Navy,
  Northwest Airlines)
• Certified transport pilot on B-757, B-767,
  Learjet, Cirrus and Diamond aircraft
• Certified flight instructor for AMEL, ASE, ASES
• FAA Class 1 Medical Certificate, FAA Designated
  Pilot Examiner, FAA Aviation
• Safety Counselor
• Certified Quality Auditor

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Summary

• Large Market Opportunity to Tap Under Served
  Regions
• Weak Competitive Options
• Compelling Customer Value Proposition
• Experienced Team
• Solid profit margins, Low break even points
• Operationally in Service we just need to scale
  the model