Jerry Schlesinger Named Executive Vice President and Chief Financial Officer of NetJets Inc.

Business Editors/Travel Writers

WOODBRIDGE, N.J.--(BUSINESS WIRE)--June 1, 2004

NetJets(R), the worldwide leader of complete private aviation solutions, announced that Jerry Schlesinger has joined the company as Executive Vice President and Chief Financial Officer.

"We are very pleased to have an experienced executive the caliber of Jerry Schlesinger join our team," Boisture said. "His skills and experience complement our existing staff and he provides the management and leadership depth to support growth and expansion."

Schlesinger was most recently president and chief executive officer of Aerospace Products International, a leading provider of distribution and logistics solutions to the aerospace industry. Prior to that Schlesinger served as executive vice president and chief financial officer and was a co-founder of SimuFlite Training International.

NetJets, a Berkshire Hathaway company, is creator and world leader in fractional aircraft ownership, which allows individuals and companies to buy a piece of a private business jet at a fraction of the cost of whole aircraft ownership and then guarantees availability 365 days a year with just a few hours' advance notice.

NetJets offers the safest and most secure private aviation travel experience available in the world today. Its fleet of over 500 aircraft is the largest and most diversified in the fractional aircraft industry and includes 13 of the best-in-class business jets manufactured. This year NetJets will fly more than 250,000 flights to over 145 countries.

More information about NetJets is available through the NetJets Website, www.netjets.com.