NetJets® Inc. Unveils New Private Jet Travel Card

Card designed for China-based travelers to use in the continental U.S., EU and Switzerland

COLUMBUS, Ohio--(BUSINESS WIRE)--NetJets^® Inc., a Berkshire Hathaway company and the worldwide leader in private aviation, unveiled today The Private Jet Travel Card, offering a unique product and service to both corporate and individual China-based travelers. The card opens access to NetJets’ unparalleled safety, service and reliability.

“This specialty product is designed to get our customers where they want to go, when they want to go in an aircraft specially intended to meet their needs.”

The Private Jet Travel Card is sold in increments of 25 hours, allowing the buyer to determine the amount of flight time that is needed, with no long-term commitment. The card grants entry to a large cabin aircraft in the NetJets U.S. and European fleet for an 18-month term, and is designed to be used by China-based travelers in the U.S., EU and Switzerland.

“NetJets guarantees aircraft availability within as little as 10 hours,” said Adam Johnson, senior vice president, NetJets Global Marketing, Sales and Service. “This specialty product is designed to get our customers where they want to go, when they want to go in an aircraft specially intended to meet their needs.”

Earlier this year NetJets announced its new joint venture in the People’s Republic of China. Subject to obtaining relevant regulatory approvals, NetJets China Business Aviation Limited will be a joint venture among NetJets Inc.; Hony Jinsi Investment Management (Beijing) Ltd, a subsidiary of Hony Capital, a leading private equity firm of China; and Fung Investments, part of the private investment arm of the families of Dr. Victor Fung and Dr. William Fung, the controlling shareholders of the Li & Fung group of companies that are involved in supply chain management as well as the wholesale and retail of consumer products.

The Private Jet Traveler Card is NetJets’ first product offering targeted at China-based travelers. The company is working to obtain authorization to establish an aircraft management business in China within the next 12 months.

ABOUT NETJETS^® INC.

NetJets^®Inc., a Berkshire Hathaway® company, is the worldwide leader in private aviation with the largest and most diverse private jet fleet in the world. NetJets began in 1964 as the first aircraft charter and management company in the world. In 1986, NetJets pioneered the concept of fractional aircraft ownership – offering individuals and businesses all of the benefits of whole aircraft ownership and more, at a fraction of the cost. Today, NetJets offers a full range of private aviation solutions through its fractional programs in North America and Europe, including NetJets Shares, NetJets Leases and the Marquis Jet Card^®, which provides access to NetJets though a 25-hour jet card. The North America program is managed and operated by NetJets’ subsidiary NetJets Aviation, Inc., and the European program is managed and operated by NetJets Transportes Aéreos, SA, a Portuguese/EU Air Carrier. In the United States, NetJets also offers aircraft management and on-demand charter services through its subsidiary, Executive Jet^® Management, Inc. The NetJets companies offer worldwide flight operations. More information on NetJets, NetJets Europe, the Marquis Jet Card, and Executive Jet Management is available at www.netjets.com.

© 2012 NetJets Inc. All rights reserved. NetJets, Executive Jet, Marquis Jet, and Marquis Jet Card are registered service marks.