Letter of Agreement

November 13, 2006

American Eagle Airlines and Regional Airline Academy (RAA) Inc. have formed an alliance with respect to American Eagle’s pilot recruitment and interviewing policy.

American Eagle recognizes the quality of training the Regional Airline Academy Flight Officer School provides and the airline-ready pilots the program produces. American Eagle Airlines agrees to guarantee interviews to pilots completing the Regional Airline Academy Flight Officer School who meet the following requirements and American Eagle Airlines is interviewing pilot candidates:

• Successfully complete the RAA Flight Officer School with a letter of recommendation from the RAA Vice President of Airline Programs
• Attain a minimum of the following FAA Certificates and Ratings:
  • FAA First Class Medical Certificate with No Waivers
  • Commercial Certificate
  • Instrument and Multi-Engine Ratings
  • CRJ Type rating through the RAA Flight Officer School
• 400 Hours total flight time (may include 25 hours of CRJ Level “D” simulator time)
• 100 Hours multi-engine time (may include 25 hours of CRJ Level “D” simulator time)

Applicants who interview with American Eagle Airlines under this Agreement must meet the same standards for employment as other candidates of American Eagle Airlines. Each applicant must pass all phases of the interview, including a human resources interview, technical interview; simulator evaluation, Captain’s Board Review and submits to a company physical.

Applicants who successfully complete American Eagle Airline’ s interview process may be offered employment based on American Eagle’s hiring needs at the time of the interview. Although American Eagle forecasts pilot hiring to be consistent for the foreseeable future, economic conditions can change hiring requirements. American Eagle Airlines and Regional Airline Academy will maintain close coordination on current overall trends in training and the progress of Flight Officer School graduates.

American Eagle Airlines and the Regional Airline Academy Inc have the right to terminate this Agreement at any time without restriction. The Regional Airline Academy may publicize this Agreement, but may not use the American Eagle logo without permission. American Eagle is very please about this Alliance and looks forward to a long and successful relationship with the Regional Airline Academy.

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