Owner Visit Presentation

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Daniel Flynn Vice President Charter Services
Asia DFlynn_at_Netjets.com DFlynn_at_EJMjets.com
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• Presentation Outline
• NetJets
• EJM

Not exactly a sales pitch, but rather a
demonstration of what could be see what started
small in the US not too many years ago
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• OUR CORPORATE STRUCTURE

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• OUR CORPORATE STRUCTURE

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Richard T. Santulli

• Chairman CEO
• Mathematician by Education Brooklyn Poly Tech
• Goldman Sachs - President of Leasing Division
• RTS Capital - combined statistical analysis with
  leasing expertise

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History of NetJets

• 1964 - Founded by Brigadier
  General O.F. Dick Lassiter.
• 1984 - Executive Jet is purchased by Richard
  Santulli.
• 1987 (only 18 years ago!!) Executive Jet
  launches its revolutionary NetJets fractional
  aircraft ownership program.
• 1996 - NetJets launches the NetJets Europe
  program.
• 1998 - Berkshire Hathaway purchases NetJets 3 ½
  years after Warren Buffett buys his first
  NetJets share.
• 2000 - NetJets inaugurates its
  200,000-square-foot operational headquarters at
  Port Columbus International Airport.
• 2002 - Executive Jet, Inc. changes its name to
  NetJets Inc.

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History of NetJets

• 1987-1997 NetJets Fleet Growth
• 1987 - Executive Jet launches its revolutionary
  NetJets fractional aircraft ownership program.
• 1993 - NetJets orders 20 of the midsized cabin
  Hawker 1000 aircraft.
• 1995 - NetJets orders 25 Cessna Citation V Ultras
  and takes option on 25 more. NJ also orders 22
  new Gulfstream IV-SPs.
• 1996 - NetJets launches the NetJets Europe
  program, an extension of its U.S. offering. NJ
  purchases 40 Citation Xs and 20 Citation VIIs.
• 1997 - NetJets and Boeing announce the BNJ joint
  venture that will add the Boeing Business Jet 737
  to the NetJets fleet by 2000.

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Vision

• To always be the world-wide leader in fractional
  aircraft ownership.

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Mission

• To provide our Owners with a superior air
  transportation experience through an environment
  that fosters continuous improvement, teamwork and
  growth for our employees and profitability for
  the Company.

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Values

• Provide a level of safety second to none.
• Treat each Owner as if they were the only one.
• Act with uncompromising integrity.
• Empower and respect each other.
• Champion breakthrough thinking.
• Create an environment where everyone has an equal
  opportunity to succeed.
• Act as an ambassador for the Company.
• Successfully achieve our goals and objectives.
• Support the communities in which we live and work.

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NetJets Locations
NetJets Aviation Operational Headquarters
Columbus, OH NetJets Corporate Headquarters
Woodbridge, NJ NetJets International Hilton
Head/Bluffton, SC Flight Crew Employees
approx. 2000 Non-Flight Crew
Employees approx. 1770 NetJets Europe Lisbon,
Portugal Executive Jet Management (Charter)
Cincinnati, OH

As of 12/15/04
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4 Boeing Business Jets 8 Gulfstream Vs 38
Gulfstream IV-SPs 11 Gulfstream 200s 43 Falcon
2000s 71 Citation Xs 20 Hawker 1000s 52 Hawker
800 XPs 5 Hawker 400XP 17 Citation VIIs 76
Citation Excels 12 Citation Encores 72 Citation V
Ultras 13 Citation Bravos 93 other
as of December 2004 532 Total

Aircraft Under NetJets
Management
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Other Facts and Statistics

• In 2004 NetJets
• Flew more than 225,000 flights (approx. 114,000
  revenue segments) to over 140 different
  countries.
• Flew more than 340,000
• flight hours (approx.
• 217,000 revenue hours).
• Purchased 18,709 hours of
• charter (approx. 70 million).
• Arranged more than 19,000
• cars/limos for Owners, and
• 16,000 cars/limos for crew
• members.

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Other Facts and Statistics

• In 2004 - NetJets
• Spent more than 320 million on fuel and FBO
  services.
• Spent more than 38 million on pilot training.
• Spent more than 241 million
  on maintenance/safety.
• Spent more than 4.6 million on
  aircraft cleaning and over 27 Million on
  aircraft refurbishments.
• Spent more than 39 million on
  catering for crew and non-crew.

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Who are our Owners?
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Netjets Flight Operations Center Columbus OH KCMH
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Pilot Training Credentials

• New hires 2,500 hrs. minimum
• before consideration.
• Average new hire 6,200 hours.
• Total average hours over 9,000.
• FlightSafety International 2xs per year an
  average of 18 days per year total training.
• NJA pilots fly an average of 30 hours per month.
• All pilots are type rated and trained to PIC
  standards and fly only one aircraft type.
• NetJets requires all pilots hold an FAA First
  Class Medical Certificate.

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NetJets Security

• NetJets conducts comprehensive background checks
  on all employees.
• All NetJets flight crew members pass
  pre-employment psychological, criminal, and
  financial history checks.
• All employees sign a confidentiality agreement
  and only authorized individuals have access to
  Owner information.
• All aircraft are secured after each flight and
  thoroughly inspected prior to boarding
  passengers.
• Air Security International provides risk
  assessment and 24 hour global monitoring.
• Passengers and crew members exchange
  identification, and passengers are matched with
  the manifest.

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Maintenance

• All aircraft are inspected and maintained by
  original equipment manufacturers (OEM) and OEM
  approved support facilities.
• NetJets proactively looks at each aircraft every
  25 hours, on average, to identify and fix any
  potential problems.

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IntelliJet II
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IntelliJet II
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• OUR CORPORATE STRUCTURE

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EJM SERVICE OFFERINGS

• EJMs core business is Aircraft Management and
  Charter Services
• Subcontract supplemental lift needs for NetJets,
  Inc.
• On-demand retail charter services
• Full Management (Turn-key flight operation)
• Personnel Administration
• Maintenance Support
• Flight Scheduling and Dispatch
• Vendor Management
• Hangar Arrangements
• Crew Training Management
• Accounting Services
• Aircraft Hull/Liability Insurance
• Human Resource Management
• Security
• FAR 135 Charter Certification
• Charter Management service (FAR Part 135 flight
  operations)

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• Executive Jet Management is uniquely qualified to
  serve your Aircraft Management needs
• Your Safety is our Highest Priority, and our
  record shows it
• 40 Years Experience
• Focused Management Business
• Charter Opportunities like no other
• ISO/BOS Process driven efficiencies
• Economic Stability of Berkshire Hathaway
• Personalized Service with Assigned Account Team
• Leveraged Purchasing Power with 100 Pass-Through
  Savings to you

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EJM FAST FACTS

• 550 Employees
• 300 Professional Pilots
• 24/7 Staffed Flight Operations
• 42,000 Annual Flight Hours Conducted on EJM Fleet
  (2004)
• Nations 1 Charter Company 8 Years Running
  (ProPilot)
• 30,000 Hours of Charter Flight Activity
• Nationally Dispersed Charter Offices
• Teterboro, NJ
• Cincinnati, OH
• Columbus, OH
• San Jose, CA
• Chicago, IL (First Q 2005)
• Exclusive Provider to NetJets For All
  Supplemental Charter Lift Needs
• 100 Pass Through Cost Savings
• FlightSafety
• USAIG Hull/Liability Insurance
• Fuel

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OVERVIEW
Executive Jet Management provides full-aircraft
management support services and on-demand
aircraft charter services. We manage 101
aircraft in 60 U.S. locations.Our diverse
fleet includes aircraft from virtually every
cabin-class category and aircraft manufacturer.
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EJMS MANAGED FLEET
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UNPARALLELED STANDARDS, SAFETY, AND SECURITY

• Formal Safety Program
• TSA-Approved Security Program
• ISO 90012000 Certified

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UNPARALLELED STANDARDS, SAFETY, AND SECURITY
Spend whatever it takes to be the safest and
most secure. Then spend whatever it takes to
stay that way. Warren Buffett Chairman
of Berkshire Hathaway
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EJM is no stranger to Asia. In 2000 and 2001,
EJM and officials of the C.A.A.C. met several
times writing CCAR 91
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The presentation of CCAR Part 91 A gift to the
people of China from Executive Jet
Management. EJMs Mylene Scholnick with CAAC
Minister Yang Yuan Yuan and Captain Rao Shao Wu.
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Presented as a gift to the CCAC,
Executive Jet Management is extremely
proud to be part of the creation of CCAR Part 91
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THE EJM AIRCRAFT MANAGEMENT TEAM
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UTILIZING EJMS CHARTER CAPABILITY
EJMs Charter Services can create more revenue
for you because we have more charter
opportunities

• Customer base built from 40 years of service
• Supplemental lift to NetJets Fractional
  Ownership Program
• Established relationships with charter operators,
  brokers, and corporate flight departments.

26 EJM managed aircraft generated Charter Revenue
in excess of US1 million
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UTILIZING EJMS CHARTER CAPABILITY
Fulfilling a growing need for on-demand jet
charter hours
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UTILIZING EJMS CHARTER CAPABILITY
EJM has been recognized as the Best Charter
Service for 8 consecutive years by the readers
of Professional Pilot.

• Dedicated outside sales professionals
• 32 inside sales professionals
• A professional Marketing Department

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EJM FACTS

• FAAs Diamond Award Recipient 11 Years Running
• ISO 90012000 Certified Company
• IS-BAO Certified and Registered
• Dedicated Aircraft Transition Department
• Dedicated Standards, Security and Safety
  Department

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• OUR CORPORATE STRUCTURE

NetJets Asia?
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If you build it they will come
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• Some things I learned at this conference
• At its current rate of growth, China is poised to
  be the 2 ATC system (behind the USA) within 20
  years
• By 2022, Asia will have 19 of the worlds air
  traffic.
• Right now, 10 of the top 15 city-pairs flown are
  in Asia
• In 2004, china had 1.6 billion air travelers
• 400 of the global Fortune 500 invest in China.
• 61 of business aviation passengers use business
  aircraft to support efficient schedules
• 26 use business aircraft to get to remote
  locations not easily or not at all serviced by
  the airlines.

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Some things I learned at this conference 7.
Within 20 years, China will buy 2400 aircraft
worth US200 billion 8. Foreign aircraft visiting
China 2004 1368, January?July 2005 904 9.
Asian Air Traffic is forecasted to grow 6 a year
for the next 20 years. 10. Every spend in GA
generates 5 to the community. 11. We need to
support AsBAA in its work to educate Asia in the
need to support general aviation for continued
growth of each countries economy and its citizens
quality of life.
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• Wish list
• Permits Business changes as the stock markets
  react. Business Aviation needs the ability to
  change itinerarys, dates and times at a moments
  notice
• Business aviation needs free access, after
  passing thru an AOE with separate VIP areas, to
  all suitable airports within the countries
  boundaries.
• Standardized cabotage laws
• Secure, suitable, smart FBOs and ground handling
  centers.
• Airport VIP support services Catering, ground
  transportation, hotels, aircraft cleaning
  services, communication centers

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Wish list 6. Re-emphasis the ability to change
itinerarys. 7. Reasonable fee structure for
services, permits, landings etc 8. Entry permit
requirements eased and time needed for
application shortened. 9. Global partners working
together to reach a global solution positive and
profitable to all involved parties.
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Thank You
On behalf of all of us at NetJets EJM, wed
like to thank you for the opportunity to make
this presentation. We look forward to continuing
discussions.
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End of presentation
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NetJets Aviation Crew Members

• NetJets Aviation pilots are members of the union.
• Crew members may report in and out of over 25
  gateway cities.
• NetJets offers its pilots several different
  schedules from which to choose
• 1. 28 day on call with 1 weekend off
  per month (volunteer)
• 2. 7 on / 7 off for mature fleets
  awarded by seniority bidding
• 3. 17 day with possibility of 1 day
  extension

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Part 91 Subpart K effective February 17, 2005

• New Federal Aviation Regulation (FAR) governing
  fractional aircraft operations which increases
  the FAA oversight of fractional programs while
  also allowing operational flexibility.
• Owners must choose to fly under either Part 91,
  Subpart K or Part 135
• Part 91, Subpart K addresses the issues of
• safety of flight and regulatory compliance
• pilot qualifications
• aircraft maintenance and technician training
  requirements
• installation of advanced safety equipment on
  aircraft
• With Subpart K, Owners have operational
  control, but will see virtually no change in
  day-to-day aircraft operations. NetJets
  insurance programs are not affected. (With Part
  135, Owners fly under commercial regulations, and
  NetJets is in operational control of the flight.)
• NetJets will continue to follow our stringent
  operations and maintenance practices that exceed
  requirements of the FARs.

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Mayo Clinic Executive Travel Response
Ask Mayo Clinic - Dedicated Mayo Clinic
telephone number provides Owners access to free
consultations with Mayo Clinic professionals, 24
hours a day to determine when and where to seek
medical attention worldwide. Mayo Clinic
doctors and nurses provide self care
recommendations, help arrange emergency medical
transport, and coordinate medical care
appointments 24 hours a day, 365 days a
year. In-Flight Services - Dedicated Mayo
Clinic telephone number provides NetJets crew
members direct access to critical care nurses
and doctors who can provide a medical
consultation and make a diversion recommendation
if necessary.
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Slots Program

• A Slot is a reservation to arrive/depart a
  specific airport controlled by the FAA working
  in conjunction with participating airports.
• Slots are first offered to the commercial
  airlines. Remaining slots are then made
  available to general aviation. The number of
  slot requests from NetJets Owners frequently
  exceeds the number of available slots for general
  aviation.
• NetJets suggests booking flights to airports
  requiring slots at least 4 days in advance.
• NetJets has a Slots Team, dedicated to obtaining
  slots for our Owners, using an on-line
  computerized system 72 hours in advance. The
  FAA, however, may not determine if slots will be
  required at specific airports until the night
  prior.
• NetJets may only obtain ONE slot per aircraft no
  slides.

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Ground

• NetJets is pleased to handle your ground
  arrangements, and recommends direct billing.

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Catering

• Questions?
• Concerns?

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PASS THROUGH SAVINGS
As part of the Berkshire Hathaway/NetJets family,
youll be able to take advantage of substantial
buying power resulting in discounts
preferential scheduling on

• Fuel
• Hull/Liability Insurance
• Crew/Mechanic Training
• Hotel/Rental Cars
• Maintenance