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Internet Chat Rooms This is a summary of the annual report for Air Wisconsin Airlines Corporation (EIN 39-1767281) and the Air Wis Savings Plan for January 1, 2000 through December 31, 2000. The annual report has been filed with the Internal Revenue Service, as required under the Employee Retirement Income Security Act of 1974 (ERISA). BASIC FINANCIAL STATEMENT Benefits under the plan are provided by a Trust fund. Plan expenses were $1,195,590. These expenses included $15,409 in administrative expenses and $1,180,181 in benefits paid to participants and beneficiaries. A total of 521 persons were participants in or beneficiaries of the plan at the end of the plan year, although not all of these persons had yet earned the right to receive benefits. The value of plan assets, after subtracting liabilities of the plan, was $14,356,781 as of December 31, 2000, compared to $15,365,975 as of January 1, 2000. During the plan year the plan experienced a decrease in its net assets of $1,009,194. This decrease includes unrealized appreciation or depreciation in the value of plan assets, that is, the difference between the value of the plan's assets at the end of the year and the value of the assets at the beginning of the year or the cost of assets acquired during the year. The plan had total income of $187,424 including employer contributions of $883,743 , employee contributions of $891,413, and earnings from investments of $18,556. YOUR RIGHTS TO ADDITIONAL INFORMATION You have the right to receive a copy of the full annual report, or any part thereof. To obtain a copy of the full annual report, or any part thereof, write or call the office of Air Wisconsin Airlines Corporation, who is the plan sponsor/plan administrator. You can direct your request to Air Wisconsin Airlines Corporation, Employee Relations, W6390 Challenger Drive, Suite 203, Appleton, WI 54915-9120, (920) 739-5123. The charge to cover copying costs will be $1.00 for the full annual report, or $.25 per page for any part thereof. You also have the right to receive from the plan administrator, on request and at no charge, a statement of the assets and liabilities of the plan and accompanying notes, or a statement of income and expenses of the plan and accompanying notes, or both. If you request a copy of the full annual report from the plan administrator, these two statements and accompanying notes will be included as part of that report.