Executive Jet Management Experiences Continued Growth in 2004

CINCINNATI--(BUSINESS WIRE)--April 18, 2005--Executive Jet(R) Management (EJM), the leading provider of aircraft management and charter services worldwide, reported its revenue from its charter business rose by 35 percent last year compared to 2003, while also experiencing a 35 percent increase in charter hours flown.

The Executive Jet Management fleet of more than 100 aircraft flew 28,451 flights last year, 2,150 of them international. Executive Jet Management is a premier provider of business aviation services including on-demand charter and aircraft management as well as aviation support services that range from maintenance and flight operations to training.

EJM enjoyed a 36 percent increase in charter revenue growth compared to 2002, and Executive Jet Management President and CEO Albert C. Pod projected this year's charter revenue will be a 26 percent greater than 2004's.

Pod attributes the growth to several factors, including Executive Jet Management opening a new Charter Services office at the San Jose Center at the San Jose International Airport to serve the western region. "In 2003 we opened a similar office at Teterboro Airport in Teterboro, NJ," Pod said. "Both offices are now flourishing and have been extremely successful in boosting our business. Our customers appreciate the fact that we have a local presence on both coasts.

"Our charter customers have a comfort factor knowing that we are national rather than a city- or region-based firm. It is meaningful to them that we have representation and aircraft in virtually every key area of the country. Charter clients are looking for stable business partners. Being a Berkshire Hathaway company has meant a great deal to us. Berkshire Hathaway ownership has certainly helped our credibility and allowed us to invest in the business."

Drawing on 40 years of experience, Executive Jet Management is dedicated to the highest level of safety, security and service. The company has achieved ISO 9001:2000 certification, demonstrating its commitment to service quality and continuous improvement in all areas of the business.

As a NetJets company, Executive Jet Management is part of the world's largest business aviation system and has the financial backing of Berkshire Hathaway company. This means unrivaled resources to assemble the most talented professionals, sophisticated technologies, and best practices in the industry.

Other factors contributing to Executive Jet Management's growth are the continued development of its outside sales force, sustained marketing efforts and emphasis on the retention of corporate growth clients, according to Robert Garrymore, Sr. Vice President of Client Services.

To manage its customer relationships, Executive Jet Management constantly requires the most innovative solutions. By converting to a contact management software program that allows better tracking of client information, Executive Jet Management has made an investment to give its clients outstanding flight support, according to Pod.

Pod said that Executive Jet Management flew 18,422 hours for Part 135 last year, and of those, 3,174 hours or roughly 17 percent were on large cabin aircraft. Last year, Executive Jet Management added 26 new aircraft to its fleet, and 8 new aircraft-base locations strategically positioned throughout the United States, particularly in the Northeast, Chicago, and West Coast. Executive Jet Management now manages 100 aircraft in over 60 locations nationwide to meet the growing demand for retail charter and to support the NetJets(R) fractional aircraft ownership program.

"EJM is handling more international and coast-to-coast flights than ever before," Pod said. "Many large organizations that are our customers like entertainment companies, insurance companies and financial institutions recognize the type of operation Executive Jet Management is: sophisticated with a large infrastructure to meet their needs while providing excellent value."

Pod also said that those who charter are paying more attention not only to what a charter operator can do from a cost saving standpoint and delivering value, but also to the charter operator's overall operation.

"They are asking important questions like, 'how do you insure that my airplane will be operated safely? How do you train your pilots and flight attendants? What safety nets do you put in place to insure that my pilots make the right decisions? What is the culture of your company?'

"This has helped Executive Jet Management," Pod said. "The NetJets Inc. family of companies has been flying longer, to higher standards, than any other provider. Our aircraft fly over 400,000 hours per year with an exceptional safety record. In fact, our stringent safety standards and pilot training methods are recognized as the industry's finest."

For additional information about Executive Jet Management's Charter Services, call 877-356-5387. For Aircraft Management services, call 800-451-2822. Visit the corporate website at www.executivejetmanagement.com.