Kitty Hawk’s Board of Directors believes that adherence to sound corporate governance policies and practices is vital to ensure that the company is governed and managed responsibly, with the highest degree of integrity and ethical standards and in the best interests of its stockholders.

The Board’s Principles of Corporate Governance provide an effective framework to provide the foundation for the company’s governance and its interactions with others. These operating principles reflect Kitty Hawk’s core values in a simple, straightforward manner while remaining consistent with current legal requirements.