FlightSafety International reports record 1995 fourth quarter and full year earnings and revenues.

LA GUARDIA AIRPORT, N.Y.--(BUSINESS WIRE)--Jan. 30, 1996-- FlightSafety International (NYSE:FSI) today reported earnings and revenues for the fourth quarter and full year ended Dec. 31, 1995.

Record fourth quarter earnings were $24,084,000, equal to 78 cents per share of common stock, compared with $23,501,000, or 75 cents per share, in the 1994 quarter.

Record revenues for the 1995 fourth quarter amounted to $91,105,000 vs. $83,558,000 in the year earlier period.

For all of 1995, record net income totaled $84,516,000, equal to $2.71 per share, compared with $74,475,000, or $2.35 per share, in 1994.

Revenues for the 1995 year were a record as well, amounting to $325,793,000 compared with $301,299,000 in 1994.

Depreciation and amortization increased to $12,467,000 in the fourth quarter of 1995 from $11,890,000 for the 1994 quarter and to $49,504,000 from $46,711,000 for the full year 1995 vs. 1994.

A. L. Ueltschi, chief executive officer and president of this leading high technology aviation and marine training company, stated that the growth in total revenues resulted from increases in government revenues and continued strong demand from business aviation and commercial airline training clients. Product sales in 1995 decreased due to lower demand from outside customers. -0-

                       FlightSafety International Inc.

                               For the three months ended Dec. 31,
                                         1995           1994

Operating revenues:
 Training                             $87,690,000      $75,670,000
 Product sales                          3,415,000        7,888,000
 Total                                 91,105,000       83,558,000
Operating income:
 Training                              31,553,000       31,256,000
 Product sales                          1,451,000        2,754,000
 Total                                 33,004,000       34,010,000
Income before income taxes             36,259,000       36,339,000
Net income                             24,084,000       23,501,000
Earnings per share                           .78               .75
Depreciation and amortization          12,467,000       11,890,000
Weighted average shares outstanding    30,856,123       31,396,603

                                       For the year ended Dec. 31,
                                         1995           1994

Operating revenues:
 Training                            $307,051,000     $271,743,000
 Product sales                         18,742,000       29,556,000
 Total                                325,793,000      301,299,000
Operating income:
 Training                            $111,331,000     $101,236,000
 Product sales                          5,334,000        5,749,000
 Total                                116,665,000      106,985,000
Income before income taxes            127,195,000      115,966,000
Net income                             84,516,000       74,475,000
Earnings per share                           2.71             2.35
Depreciation and amortization          49,504,000       46,711,000
Weighted average shares outstanding    31,180,998       31,706,635

CONTACT: FlightSafety International

Kenneth W. Motschwiller, 718/565-4140