COLUMBUS, OHIO – November 17, 2010 – NetJets Inc., a Berkshire Hathaway company and the worldwide leader in private aviation, announced NetJets Direct FinancingTM, a unique, in-house, one-stop financing option through NetJets Finance LLC that offers yet another quick and convenient approach to paying for private jet travel.

NetJets is the first and only private aviation company to directly originate loans at competitive rates to our business customers for fractional ownership without the added time and complexity of bank or third-party involvement. Additionally, there is still the option to lease or purchase a fractional share from NetJets. 

"NetJets has always built its market leadership by responding to our Owners’ needs with meaningful solutions," said NetJets Chairman and Chief Executive Officer David Sokol. "Whether they are renewing an existing ownership share, expanding their private jet usage, or simply looking for a way to reduce upfront costs, this financing option represents a smart way to make capital deployment decisions. And, because of our financial strength, NetJets is the only private aviation company to be able to offer direct, competitive financing."

Sokol added, "A significant benefit of NetJets Direct FinancingTM is that Owners are able to structure a payment solution that exactly meets their needs and, just as with purchasing a fractional share, they are able to receive the benefits of owning the asset itself, including any depreciation advantages."

Specific benefits of the NetJets Direct FinancingTM include:

Attractive Terms

The financing minimum is $100,000 with 20 percent down, a fixed interest rate, and a term and amortization schedule that is based on the vintage of the aircraft and the contract length. The term is up to five years with an amortization schedule of 20 years, minus the age of the aircraft and a balloon payment at the end. Financing is available for fractional shares in all NetJets aircraft types, subject to Owner qualification. NetJets Direct FinancingTM is available only to Owners that are business entities and is not available to individuals.

Quick and easy approval

Because there is no bank or third-party involvement, credit approval can take as little as a few days.

Reduced up-front acquisition costs

In addition to providing a flexible payment solution, NetJets Direct FinancingTM also vastly reduces the up-front costs associated with purchasing an aircraft. This money can then be put to work somewhere else, enabling the Owner to take advantage of market and investment opportunities while still realizing the productivity and convenience benefits of private jet travel with the established global leader.

NetJets Direct FinancingTM is yet another innovation that only NetJets is able to provide.

ABOUT NETJETS

NetJets Inc., a Berkshire Hathaway company , is the worldwide leader in private aviation and provides the safest and most secure private aviation solutions. NetJets fractional aircraft ownership allows individuals and companies to buy a share 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 programs worldwide offer the largest and most diversified fleet in private aviation, which includes 13 of the most popular business jet types in the world. The Marquis Jet Card by NetJets provides access to the NetJets program through a 25-hour jet card. NetJets Inc. also offers aircraft management, charter management, and on-demand charter services through its subsidiary, Executive Jet Management. More information on NetJets, the Marquis Jet Card by NetJets, and Executive Jet Management is available at www.netjets.com. All fractional aircraft offered by NetJets in the United States are managed and operated by NetJets Aviation. Executive Jet Management provides management services for customers with aircraft that are not fractionally owned, and provides charter air transportation services using select aircraft from its managed fleet. Both of these operating companies are wholly owned subsidiaries of NetJets Inc. All fractional aircraft offered by NetJets in Europe are operated, maintained, and crewed by NetJets Transportes Aéreos, SA, a Portuguese/EU Air Carrier. NetJets has an affiliation with the provider of the NetJets Middle East Program.

Marquis Jet is a wholly owned subsidiary of NetJets Inc. and sells the Marquis Jet Card by NetJets. Marquis Jet Card by NetJets program flights are operated by NetJets Aviation under its 14 CFR Part 135 Air Carrier Certificate.

CONTACT:
Liz Wise
Manager, Media Relations
614.849.7757 Direct
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