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Exhibit 14
 AirNet Systems, Inc.
Code of Business Conduct and Ethics
As Revised on August 2, 2006
   
    
    Act with honesty and integrity, avoiding actual or apparent conflicts of
interest between interests of AirNet and the personal interest of the individual or his or
her family.




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
    
    Assist AirNet in meeting its accounting, financial reporting and disclosure
obligations and work to ensure that AirNets public reports and communications are
accurate, certifiable, complete, objective, relevant and timely.




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
    
    Comply with applicable federal, state, local and foreign laws, rules and
regulations governing AirNets business and operations, including insider trading laws.




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
    
    Work to deal fairly with AirNets customers, suppliers, vendors and team
members.
   
    
    Contracting with Agencies of the Federal Government




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
    
    Make any offer or promise of future employment or business opportunity to, or
engage in any discussion of future employment or business opportunity with, any Federal
procurement officer;
 
    
    Offer, give or promise to offer or give any gratuity, gift, favor,
entertainment, loan or anything of monetary value to any Federal procurement officer; or
 
    
    Solicit or obtain from any officer or employee of a Federal agency, prior to
the award of a contract, any contractor bid or proposal information, any other proprietary
information or any source selection information regarding such procurement.
  
    
    Protect AirNets assets, using them only for legitimate business purposes,
and the confidentiality of information entrusted by AirNet to an officer, director or team
member.




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THERE ARE MANY OTHER POLICIES THAT ARE VERY IMPORTANT TO AIRNET AND ITS OPERATIONS, INCLUDING THOSE
SET FORTH BELOW. NOTHING HEREIN SHALL RELIEVE ANY OFFICER, DIRECTOR OR TEAM MEMBER FROM COMPLYING
WITH ANY OTHER APPLICABLE POLICY OF AIRNET.
 Equal Employment Opportunity Employer
  Team Member Privacy
  Drug and Alcohol




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Reporting Violations of Code of Ethics
   
    
    Direct your inquiry to your immediate supervisor, team leader and/or the
Director of Human Resources.
 
    
    Contact the Mysafeworkplace.com Hotline to confidentially and anonymously
report your concern. Mysafeworkplace.com may be contacted via e-mail at
www.mysafeworkplace.com or by calling their toll-free number at 800-461 9330.
 
    
    If your immediate supervisor does not resolve your inquiry or if your
immediate/local team leader is unclear or particularly sensitive to the concern (for
example, if that individual is involved in the possible violation), contact AirNets
Director of Human Resources.




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Acknowledgement of Code of Ethics




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TEAM MEMBERS ACKNOWLEDGEMENT
OF
AIRNET SYSTEMS, INC.
CODE OF BUSINESS CONDUCT AND ETHICS
   I have read and understand the foregoing Code of Ethics, have been given a copy to retain for my
reference, and agree to be bound by its terms. I understand I can be subject to discipline,
dismissal from my job and prosecution under the law for violating any of the above provisions of
the Code of Ethics.
 Print Name
    
    
    
    
    
    SSNSignature
    
    
    
    
    
    Date




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OFFICERS ACKNOWLEDGEMENT
OF
AIRNET SYSTEMS, INC.
CODE OF BUSINESS CONDUCT AND ETHICS
    Print Name
    
    
    
    
    
    SSNSignature
    
    
    
    
    
    Date




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DIRECTORS ACKNOWLEDGEMENT
OF
AIRNET SYSTEMS, INC.
CODE OF BUSINESS CONDUCT AND ETHICS
    Print Name
    
    
    
    
    
    SSNSignature
    
    
    
    
    
    Date




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Federal Procurement Integrity Act Certification Copy
     1.
    
    making any offer or promise of future employment or business opportunity to, or
engaging in any discussion of future employment or business opportunity with any
procurement official of such agency;
 2.
    
    offering, giving, or promising to offer or give any gratuity, gift, favor,
entertainment, loan or anything of monetary value to any procurement official of such
agency; or
 3.
    
    soliciting or obtaining from any officer or employee of such agency, prior to the
award of a contract, any contractor bid or proposal information, any other proprietary
information or any source selection information regarding such procurement; and that