Air carriers are in the business of moving people and goods, and they're focusing their attention and their resources on that fundamental transportation service as never before. FlightSafety is helping some of them keep their concentration by taking over the burden of pilot training. In the past few years - and with the consent of all involved - we have been assuming much more responsibility for the training of airline personnel in the United States and abroad. We expect that trend to continue because it makes such good sense.

And as good as we were at training air carrier pilots, we got even better in early 1997 when we joined with the Boeing Company to create FlightSafety Boeing Training International. By combining FlightSafety and Boeing's jetliner simulators as well as our respective training personnel, we believe we can deliver to aircraft operators training services of incomparable expertise and value.