August 2, 2002

FOR IMMEDIATE RELEASE

NATIONAL MEDIATION BOARD

Contact: NMB Public Information Line -- (202) 692-5050

Re: Tentative Agreement -- Arrow Air and TWU

Washington, D.C. -- The National Mediation Board is pleased to announce that Arrow Air Inc. (formerly Fine Air) and the Transport Workers Union (TWU), working with NMB Mediator FredBM_1_ Leif, reached a tentative contract agreement on July 19, 2002, covering the craft or class of Fleet Service Employees.

The agreement is subject to ratification. Specific information regarding the contract or its provisions should be obtained directly from the parties.

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