KEN AUSTIN APPOINTED SENIOR VICE PRESIDENT AND ELECTED TO THE BOARD OF DIRECTORS OF MARQUIS JET PARTNERS, INC.

New York
May 30, 2002

Seasoned Sales and Marketing Professional to Lead Business Development Efforts

Marquis Jet Partners, Inc., has announced the appointment of Ken Austin as Senior Vice President, Marquis Jet Partners, Inc. In his new position, Austin will lead the business development team of Marquis’ expanding business and oversee the company’s strategic alliances globally. Mr. Austin will also serve on the Marquis Jet Partners’ Board of Directors.

“With his solid track record of successfully managing sales, marketing, finance and operations in a variety of highly competitive industries, Ken Austin is an invaluable asset to Marquis Jet Partners’ rapidly growing business,”said Bill Allard, Chairman and Chief Executive Officer of Marquis Jet Partners, Inc.“We are delighted to have Ken as a member of our team, and anticipate continued growth and success with his leadership.”

“I am thrilled to be a part of Marquis Jet Partners, whose team of seasoned business professionals and entrepreneurs embody the highest level of intelligence, passion and integrity,”said Austin.“The Marquis Private Jet Card is a true breakthrough in private aviation and we have already begun forming strategic alliances with some of the most exclusive brands.”

Most recently, Austin worked for The Seagram Beverage Company, where he was the youngest ever senior vice president of sales. At Seagram, he was responsible for leading the company’s sales organization and regional finance marketing initiatives in the United States. Prior to joining Seagram, Austin held various positions of increasing responsibility for the Ernest&Julio Gallo Winery and the International Tax Group of Price Waterhouse. Austin received his undergraduate degree from the Binghamton University School of Management, and his Masters of Business from Farleigh Dickinson University. He currently resides in New York.

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.

Through its alliance with NetJets, Marquis Jet Partners can 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, with just 10 hours notice. NetJets provides 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 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