EXHIBIT 1
JOINT FILING AGREEMENT
The undersigned hereby agree that the Statement on Schedule
13D dated July 23, 2001 (the "Statement") with respect to shares of common
stock, $0.001 par value per share of Vanguard Airlines, Inc. is, and any
amendments thereto executed by each of us shall be, filed on behalf of each of
us pursuant to and in accordance with the provisions of Rule 13(d)-1(k) under
the Securities Exchange Act of 1934, as amended, and further agree that this
Joint Filing Agreement be included as an exhibit to the Statement. Each of the
undersigned agrees to be responsible for the timely filing of the Statement and
any amendments thereto, and for the completeness and accuracy of the information
concerning itself contained therein. This Agreement may be executed in any
number of counterparts, all of which taken together shall constitute one and the
same instrument.
IN WITNESS WHEREOF, the undersigned have executed this
Agreement as of the 23rd day of July, 2001.
VANGUARD ACQUISITION COMPANY
By: /s/ Xxxxxx X. Xxxxxxxx
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Name: Xxxxxx X. Xxxxxxxx
Title: Senior Vice President,
Deputy General Counsel and
Assistant Secretary
AIRLINE INVESTMENTS, INC.
By: /s/ Xxxxxx X. Xxxxxxxx
-----------------------------------------
Name: Xxxxxx X. Xxxxxxxx
Title: Senior Vice President,
Deputy General Counsel and
Assistant Secretary
