NetJets Announces Latest Innovation in Fractional A/C Ownership

Here's some aggressive marketing that should get a few folks to look closer at Air Chartering... NetJets has announced that beginning February 1, 2004, it will expand the operating area for its Gulfstream IV-SP and Gulfstream V aircraft, allowing the company to waive ferry charges for owners of these aircraft when flying aboard these aircraft. The ferry charge waiver applies to flights that originate or terminate in the continental US.

"At NetJets we recognize that our NetJets owners frequently use our large cabin aircraft for international travel," said Richard Santulli, Chairman and CEO of NetJets.

"This is another example of NetJets being responsive to the needs of our owners by providing them the ability to use NetJets aircraft when pursuing international business opportunities or as a quality of life offering."

NetJets is the largest buyer of long range private jets in the world. NetJets today operates over 75 large cabin aircraft including the Falcon 2000, Gulfstream IV-SP, Gulfstream and the Boeing Business Jet.

In 2003, NetJets will fly more than 250,000 flights to over 140 different countries. Always an innovator, NetJets continues to provide a varied array of offerings for its customers. In 2002, the Marquis Jet Card program was launched to offer access to the NetJets fleet through a short-term prepaid lease. NetJets is also the worldwide leader in on-demand charter and aircraft management services through its subsidiary Executive Jet� Management that manages over 100 aircraft for businesses and individuals who would rather own their own private business jets.

In addition, in an Aviation Research Group US Inc. (ARG/US) 2003 study, NetJets received the highest rating of all fractional aircraft ownership programs. It ranked highest on 28 of 30 comparative criteria, further testimony to the quality of the NetJets product and the long term investment of Richard Santulli and Warren Buffett, chairman and CEO of Berkshire Hathaway Company, who acquired NetJets in 1998.

FMI: www.netjets.com