EXHIBIT 99.1

             AIRNET SYSTEMS, INC. APPOINTS BRUCE D. PARKER AS CEO,
                AS JOEL E. BIGGERSTAFF ANNOUNCES HIS RESIGNATION

CONTACT:
AirNet Systems, Inc.                                InvestQuest, Inc.
Gary Qualmann                                       Bob Lentz
(614) 409-4832                                      (614) 876-1900

COLUMBUS, OHIO - DECEMBER 29, 2006 -- AirNet Systems, Inc. (AMEX: ANS) announced
today that Joel E. Biggerstaff, President, Chief Executive Officer and Chairman
of AirNet Systems, Inc. has resigned as Chief Executive Officer of the company.
At the company's request Biggerstaff will remain with the company in an advisory
role through the end of December and will be retained as a consultant in 2007 to
ensure a smooth transition and provide valued counsel. Biggerstaff will also
resign from the company's Board and as Chairman as of December 31, 2006.

Biggerstaff said, "It has been an honor and privilege to work with the team
members of AirNet. Their dedication to our customers and loyalty to the company
has meant a lot to me."

J. Ernest Riddle, AirNet's Lead Director, noted, "Joe commenced his career at
AirNet in 1999 and was promoted in 2001 to CEO and subsequently to Chairman upon
the retirement of Jerry Mercer, the founder of AirNet. Joe has led the company
during difficult times in the transition of the needs of our bank customers. He
accelerated the development of the company into the express freight business and
in promoting the value of AirNet in new markets. We thank him for his
contributions and wish him well in his next endeavor."

Bruce D. Parker, 59, a director of AirNet since 2002, will assume the role of
CEO effective immediately and will become Chairman of the Board effective upon
Mr. Biggerstaff's resignation. Parker has had a broad array of experience in
consulting, technology, aviation, logistics and general management. He is
currently the managing director of the IT Management Group LLC. He previously
retired as Executive Vice President of Sapient Corporation, a leading systems
and technology development firm. In his career he has worked for several leading
firms in the travel and transportation industry, including serving as Senior
Vice President and CIO of United Airlines, Senior Vice President of Ryder
Systems and Vice President of American Airlines and Sabre.

Parker thanked Mr. Biggerstaff for his leadership and for the development of a
solid and professional team of employees at AirNet. "I look forward to working
with Joe to ensure a smooth transition and I am excited about leading the AirNet
team, serving AirNet's customers and continuing to develop AirNet into a leading
Express carrier that provides solutions for our customers with very high
reliability, time definite, highly controlled and nonconforming express cargo
needs. We have a great team that is customer focused, extremely dedicated and
operationally performs better that any other carrier."

AIRNET SYSTEMS, INC.

AirNet Systems, Inc. focuses the company's resources on providing value-added,
time-critical aviation services to a diverse set of customers in the most
service-intensive, cost-effective manner possible. AirNet operates an integrated
national transportation network that provides expedited transportation services
to banks and time-critical small package shippers nationwide. The company's
aircraft are located strategically throughout the United States. To find out
more, visit AirNet's website at www.airnet.com.