Starfighters Founder Rick Svetkoff Steps Down as CEO, Tim Franta Takes the Helm

Starfighters Space ("Starfighters" or the "Company") (NYSE:FJET), the innovative aerospace company, owner and operator of the world's largest fleet of commercial supersonic aircraft, announced today that Company founder Rick Svetkoff, 72, has resigned as Chief Executive Officer, President, Chairman and Director. Mr. Svetkoff's spouse, Brenda Svetkoff, has also resigned as Company secretary. The board of directors of the Company has appointed Tim Franta as Chief Executive Officer.

Mr. Svetkoff has had a distinguished career. After college, Svetkoff joined the U.S. Navy in 1978 and flew the venerable A-4 fighter jets. Svetkoff left the Navy in 1984 and began a new career as a Continental Airlines pilot, prior to founding Starfighters in 1996. On behalf of the remaining board and management, the Company thanks the Svetkoff's for their visionary leadership and efforts in progressing Starfighters to its current stage of development and wishes them success in their future endeavors.