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BUSINESS CONDUCT GUIDELINES

OUR BUSINESS CONDUCT GUIDELINES

FlightSafety International Inc. and our subsidiary companies (“FlightSafety”) are committed to upholding the highest ethical business standards, as outlined in FlightSafety’s Business Conduct Guidelines.

We believe it is in the best interests of FlightSafety’s business partners and FlightSafety that our employees act ethically in all our business relationships. We are relying on you to assist us in ensuring that our business dealings remain at arm’s length, and that our employees avoid even the appearance of conflicts of interest, favoritism or other impropriety. For example, our Guidelines require that our employees protect confidential information, that they not accept improper payments, gifts and entertainment and that they avoid conflicts of interest. For these types of situations, and many others, the Guidelines describe conduct that is permitted and conduct that is prohibited.