Lear Jet Aircraft Lease Agreements

                       LEAR JET AIRCRAFT LEASE AGREEMENT


          THIS LEAR JET AIRCRAFT LEASE AGREEMENT (the "Lease") is made and
entered into as of the 24th day of December 2001, by and between Betaco, Inc.,
a Delaware corporation whose mailing address is P.O. Box 51609, Indianapolis,
Indiana 46251 (hereinafter referred to as "Lessor"), and American Trans Air
ExecuJet, Inc., an Indiana corporation with its office at 7337 West Washington
Street, Indianapolis, Indiana 46231 (hereinafter referred to as "Lessee").

                                  WITNESSETH:

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