Acquisition Doubles Fleet Size, Improves Customer Service.

Delta AirElite, a wholly owned subsidiary of Delta Air Lines (DAL), has acquired Kinston, NC-based Segrave Aviation. The all-cash transaction will increase the size of the Delta AirElite fleet to 46 aircraft as well as adding improvements to the online booking and the travel experience for customers.

"This is an excellent opportunity to couple Delta AirElite's award-winning product and scheduling flexibility with Segrave's leadership in online flight management and operations control," said Wayne Aaron, Delta's vice president - Corporate Strategy and Business Development. "The Segrave acquisition supports Delta's strategy to offer differentiated products and services to our high value customers."

Delta is the only US-based carrier with commercial and private jet service, allowing customers to earn frequent-flyer miles on either service. Delta AirElite's fleet includes Bombardier, Cessna, Dassault, Gulfstream, Beechcraft, and Hawker aircraft.

File Photo of Learjet 31A

"Coupling Delta's world-renowned brand and reputation for service with Segrave's history as an innovator in private jet operations is a natural fit for the customers who have long counted on Segrave and Delta AirElite," said Jim Segrave of Segrave Aviation. "All of us at Segrave look forward to our new partnership with Delta and the opportunity to grow this exciting segment of Delta's business."

Segrave Aviation began operations in 1994 from Kinston, NC. Today, it directs a fleet of managed aircraft specializing in wholesale charter aviation services, private aircraft management, aircraft maintenance and fixed base operations.

FMI: www.AirElite.com