MARQUIS JET REPORTS OUTSTANDING THIRD QUARTER 2003 PERFORMANCE

New York
Oct. 21, 2003
BUSINESS WIRE

CEO Bill Allard Says Company Posted 157 Increase in Quarterly Revenue and Company Has Surpassed its 1,000th Card.

Marquis Jet, the innovator and global leader in hourly private jet cards sold 25 hours at a time, reported growth in all facets of its business in the third quarter of 2003—including revenue, new owner growth, owner retention and flight activity, according to CEO Bill Allard. The Company also reached a major milestone by surpassing the 1,000th Card mark. The Marquis Jet Card ranges in price from $109,900 to $299,900 and provides Card owners with 25 hours of occupied flight time on the NetJetsfleet.

For the third quarter ending September 30th, revenues in the combined North American and European operations were 157 higher than the same quarter in the year prior. Allard also reports that the Marquis Jet owner base continued its strong growth. Owner retention continues to exceed 90 with Card owners either renewing their Marquis Jet Card or purchasing a fractional share with NetJets.

“The success and tremendous sales growth of the Marquis Jet Card in such a short period of time affirms that we have clearly filled a void in the private aviation space,”said Allard.“Through our exclusive alliance with NetJets’, in both North America and Europe, the Marquis Jet Card program offers convenience, safety, and comfort for our owners and has been embraced by smart individual travelers and a growing corporate market. By creating a new market segment and allying with NetJets, we are firmly positioned to continue as the category leader.”

The Marquis Jet fleet is provided by NetJets through an exclusive alliance between the two companies. NetJets owns the worlds largest and most diversified fleet of more than 500 private aircraft, has 2800 experienced pilots, and provides the world’s safest and most secure private aviation travel solutions.

ABOUT MARQUIS JET

Marquis Jet is the global leader in hourly private jet cards, starting in increments of 25 hours. Through its exclusive alliance with NetJets, Marquis Jet provides the convenience, quality and safety of the world’s premier fractional aircraft ownership program. The Company’s Marquis Jet Card is sold on a single-year, pre-paid basis. The Card is available throughout North America and Europe, catering to businesses and individuals who desire access to the world’s best fleet and service. For additional information, visit the Company’s website at www.marquisjet.com or call 1-866-JET-1400.

ABOUT NETJETS

NetJets Inc., a Berkshire Hathaway Inc. company, provides the safest and most secure private aviation travel solutions in the world. In 2003, NetJets will fly more than 250,000 flights to over 140 different countries.

NetJets fractional aircraft ownership allows individuals and companies to buy a piece of a private business jet at a fraction of the cost of whole aircraft ownership, and guarantees availability 365 days a year with just a few hours notice. The NetJets program has proven to be extremely valuable for companies that have invested in whole aircraft ownership and need NetJets to meet their supplemental lift requirements.

The NetJets fleet is the largest and most diversified, including 13 of the most popular business jets in the world. Access to the NetJets fleet is also available in the form of an innovative short-term lease, sold on an all-inclusive, pre-paid basis in 25-hour increments, through an exclusive alliance with Marquis Jet Partners. More information on NetJets is available at www.netjets.com