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U.S. Bank Multi Service Aviation Helps Air Group Solidify Brand and Ensure Preferred Fuel Pricing

OVERLAND PARK, Kan.--(BUSINESS WIRE)--Oct. 17, 2006--U.S. Bank Multi Service Aviation has created a co-branded affinity card program for The Air Group, Inc., headquartered in Van Nuys, Calif., designed as a business tool to widen The Air Group's brand identity and help identify their customers as members of The Air Group's fuel program.

Development of The Air Group's fuel operations center has led to preferred provider programs which include the Multi Service Aviation co-branded affinity card. This program helps ensure that The Air Group clients receive pre-negotiated discounts and superior service from a preferred FBO directly, from the fuel wholesaler, or directly from one of the major oil companies.

By creating a co-branded affinity card with Multi Service Aviation, The Air Group can also utilize Multi Service Aviation's closed network of over 7,000 merchants in more than 190 countries that accept the Multi Service Aviation Card, while still maintaining their brand and utilizing their fuel pricing discounts and programs.

With The Air Group building more facilities and expanding worldwide, it was important to have a product that could grow with them globally. "In creating this program, our focus was to deliver added value to our clients and the options that come with worldwide usage and recognition. Multi Service Aviation was able to deliver both," said Mike Ross, senior director of special projects for The Air Group. "We have enjoyed a long-standing relationship with Multi Service Aviation, and we rest assured knowing that our program is handled by an exceptional customer service team that ensures our accounting and billing numbers are consistently accurate."

"We are extremely happy to be expanding our working relationship with The Air Group," stated Diane Criswell, vice president of Multi Service Aviation. "We feel honored that they chose to team with Multi Service Aviation to create this co-branded affinity card program, and we look forward to creating future product offerings that will help The Air Group grow their business worldwide."

In addition to the co-branded affinity card, The Air Group has also teamed with Multi Service Aviation to create a "Crew Card" program that features the U.S. Bank One Card. The U.S. Bank One Card is a Visa(R) branded card and can be used outside the closed Multi Service Aviation Merchant Network for purchase of business crew expenses beyond aviation, such as hotel, rental cars and meals. Through use of The Air Group co-branded Multi Service Aviation Card and the Crew Card One Card, The Air Group is able to streamline accounting practices and track business activity with more detail than ever before.

About The Air Group

Headquartered in Van Nuys, Calif., The Air Group is an FAA certified commercial air carrier and operates globally with a diverse fleet of aircraft including Citation, Hawker, Gulfstream, Legacy, Challenger and Bombardier Global Express business aircraft. It maintains field operations in eight U.S. cities as well as Tokyo, Japan. For more information, visit www.theairgroup.com.

About Multi Service Aviation

For over 25 years, Multi Service Aviation has served the aviation industry with financial integrity, security, and unsurpassed customer service. The Multi Service Aviation Card is accepted worldwide by more than 7,000 aviation service providers in over 190 countries and has been voted the Best Fuel Card by Professional Pilot magazine's PRASE Survey every year since the survey began in 1992. Multi Service Aviation provides cardholders with customized billing, free online account maintenance, and savings on fuel, while giving merchants account flexibility, free business promotion, competitive card processing, and fast transaction authorization and settlement. Multi Service Aviation promises that whatever you fly, wherever you go, the Multi Service Aviation Card is the only card you need. To learn more about U.S. Bank Multi Service Aviation, visit www.aviation.multiservice.com.

Multi Service Aviation is part of U.S. Bank Corporate Payment Systems and its parent company, U.S. Bancorp (NYSE:USB). With assets of $217 billion, is the 6th largest financial holding company in the United States. The company operates 2,462 banking offices and 4,943 ATMs and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. Visit U.S. Bancorp on the web at www.usbank.com.

CONTACT: U.S. Bank Media Relations
Teri Charest, 612-303-0732
or
Multi Service Aviation
Jill Heisterkamp, 913-344-6532

SOURCE: U.S. Bank Multi Service Aviation

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding U.S. Bancorp's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.



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