Flight Unlimited 1 crash after 2nd splash screen.

I am trying to run an old game (Flight Unlimited 1) that is currently very popular in my circle. The game crashes to the desktop after showing the 2nd splash screen (there is no error message shown). I've tried running all compatibility modes but it is not helping. Could anyone help with resolving this issue?

My PC specs are:

PC: HP Compaq dx7500 Business PC

OS: MS Win Vista Business 32 bit

RAM: Corsair XMS 2 (4 GB)

Sound card: Creative Sound Blaster X-Fi Titanium Fatal1ty

Graphics card: Zotac GeForce GTS 250 ZT-20105-10P

Thanks & Regards,

Omar.