WORLD’S FIRST INTERNATIONAL PRIVATE JET CARD INTRODUCED WITH LAUNCH OF MARQUIS JET EUROPE

New York
May 16, 2002

Unprecedented Flexibility of Marquis Private Jet Card^SM Now Available In Europe

As part of its ongoing commitment to provide customers with the highest standards of safety, security, personalized service and unprecedented flexibility in private jet travel, Marquis Jet Partners, Inc., has announced the company’s international expansion with the launch of Marquis Jet Europe. Robert Hersov, co-founder of Marquis Jet Europe, has been appointed Chief Executive Officer and is responsible for overseeing operations at the company’s European headquarters in London, England.

“We are delighted to extend our product offering to Europe at this time. Hersov is an outstanding executive and we have no doubt he will replicate the great success that Marquis Jet Partners have already generated in the U.S.,”said Bill Allard, CEO of New York based Marquis Jet Partners.

Through an exclusive alliance with NetJets, the pioneer and worldwide leader in fractional aircraft ownership, the Marquis Private Jet Card caters to businesses and individuals that desire the safety and reliability of the NetJets fleet with only a short-term commitment. Structured as a single-year, all-inclusive lease of a fractional interest in a specific aircraft, The Card is available in 25-hour increments of"occupied hourly"time. Card owners can fly between more than 300 airports in Europe – over five times the number available to commercially scheduled airlines. With jets available with just 12 hours notice, Marquis Private Jet Card owners can enjoy shortened travel time, greater productivity and enhanced safety and security. Aircraft types presently available in the Marquis Jet Europe program include the Cessna Citation Bravo, Citation Excel, Raytheon Hawker 800XP, and Dassault Falcon 2000.

“The launch of Marquis Jet Europe provides a genuine breakthrough in the European private aviation market. The Marquis Private Jet Card offers safety, flexibility and convenience to businesses and individuals for whom overcrowded airports and inconvenient scheduling robs them of their most precious commodity – time,”said Hersov.

Hersov is one of Europe’s most experienced entrepreneurs. He founded Sportal, where he most recently served as CEO, and was co-founder of the Antfactory, one of Europe’s leading incubator/accelerators with over $200 million in capital and over 200 employees. Prior to Sportal, Hersov served as executive director of ENIC plc, the UK-listed leisure and sports company. During the course of his career, Hersov has held many high level positions in European media, including: CEO of Telepiu Srl, Italy’s leading pay television company; executive director of the Pan-European pay television company Nethold BV; executive director of Richemont SA; and head of Morgan Stanley’s European media investment banking team.

Through its exclusive alliance with NetJets, Marquis Jet Europe can now provide Marquis Private Jet Card owners with an unsurpassed safety record and guaranteed on-call availability of aircraft 365 days a year in thousands of airports across North America and Europe. NetJetsprovides Marquis Jet Partners, Inc., with its fleet of state-of-the-art aircraft, the most experienced and well-trained flight crews in the industry, as well as its incomparable operations infrastructure and facilities. As a result of this alliance, Marquis Jet Partners and Marquis Jet Europe offer the convenience, service and safety of fractional aircraft ownership with the added benefit of a short-term commitment.

About Marquis Jet Partners, Inc.

Founded in June 2001 and already the world’s largest provider of pre-paid leases of fractional interests in private jets, Marquis Jet Partners, Inc., operates a pioneering program for the corporate and individual private aviation markets based upon a fractional interest in a specific aircraft, sold in single-year, 25-hour increments of"occupied hourly"time. The Company’s Marquis Private Jet Card caters to businesses and individuals that may not be interested in traditional fractional ownership, but that demand access to the finest in air transportation. The Card is ideal for businesses and individuals utilizing 25 to 50 hours on an annual basis for primary or supplemental lift purposes. Through its exclusive alliance with NetJets?, Marquis Jet Partners provides the convenience, service and safety of the premiere fractional aircraft ownership. The Marquis Private Jet Card and the Marquis Concierge Service cater to businesses and individuals who demand a premium level of personal service when traveling.

About Netjets

NetJets provides the safest and most secure private aviation travel solutions in the world. NetJets allows individuals and companies to buy a piece 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. NetJets offers 14 different aircraft choices in its fleet including the Citation Bravo, Citation V Ultra, Citation Encore, Citation Excel, Citation VII, Hawker 800XP, Citation Sovereign, Hawker 1000, Citation X, Falcon 2000, Gulfstream 200, Gulfstream IV-SP, Gulfstream V, and Boeing Business Jet. NetJets Inc. is a Berkshire Hathaway company. More information on NetJets is available through the NetJets website at www.netjets.com