Crystal Airways, the Tampa, FL-based new-entrant business carrier, announced today the mutual ending of the acquisition of Greenville, South Carolina-based Eastern Jet Aerospace.

Crystal Airways Chairman, President and CEO, Timothy Rivers stated, "Due to the increased pressures from the current economic climate, we find it necessary to shift our focus strictly to the airline start-up operations at this time."

Crystal Airways is a Tampa-based new-entrant airline that will operate B-757-200 aircraft in a unique single-class configuration called Crystal Class™, catering specifically to business travelers with superior service, seating and amenities, at an average of 40% below full-fare coach prices.  Crystal Airways plans to begin service in late 2003.

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