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Indigo Takes Delivery of
Its First Embraer Business Jet

Indigo Press Release dated February 3, 2003


CHICAGO, February 3, 2003 - Indigo, the Corporate Jet Airline, has taken delivery of the first aircraft in its fleet of all new Embraer 135 Business Jets. The company successfully added the new aircraft type to its FAA operating certificate, permitting it to commence operations. Indigo, headquartered on the private side of Midway Airport in Chicago, has firm orders for 25 of the business jets which the company will use to provide executive class service to major U.S. business markets.

Indigo's mission is to bring affordable, hassle-free air travel to the business traveler. Operating from secure, private facilities at conveniently located airports, Indigo offers individual seats on comfortable business jets. "In today's challenging travel environment, we can eliminate stress and provide time savings," explains Pete Pappas, Indigo's Chairman and CEO. "Every executive knows that time saved is money saved and it's as simple as that."

"The Embraer Business Jet is the ideal aircraft to bring Indigo's innovative service to the business community. Specifically configured to 16 executive-class seats, it provides both the comfort and privacy of a private aircraft."

Within the next several days, Indigo expects to announce the date for the launch of regular and frequent service to markets from its Chicago Midway executive airport facility. The company is currently taking private charter requests. For more information, consult with your travel agent, call Indigo at 1-877-4INDIGO, or visit Indigo's website at www.flyindigo.com.

About Indigo: Indigo, a division of NewWorldAir Holdings, Inc. sells individual seats on business jets operating from convenient, private airport facilities. Indigo offers a secure, comfortable and hassle-free air travel experience with a new fleet of Embraer Business Jets.

Indigo's services are customized to meet the business traveler's needs including public charters offering individual seats, private charters and corporate shuttles. Indigo is headquartered in Chicago. For further information, please visit www.flyindigo.com.

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NOTE: All Indigo flights offering seats for individual purchase are public charter flights operated for Indigo by Indigo's sister company Air-Serv, Inc. Please refer to the Public Charter Passenger Agreement for additional information.

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