MARQUIS JET ANNOUNCES TWO NEW APPOINTMENTS

New York, NY
Nov. 4, 2003

Marquis Jet Names Tim Marken, Executive Vice President of Sales and Perry O’ Grady, Vice President of Corporate Development

Marquis Jet, the global leader in hourly private jet cards, announced the appointments of Tim Marken as Executive Vice President of Sales and Perry O’Grady as Vice President of Corporate Development. These appointments are indicative of the continued and unmatched growth of Marquis Jet.

Mr. Marken, spent nine years as a senior executive at Gartner Group where he grew sales from $70m to an astounding $275m. Mr. Marken left Gartner Group to become Vice President at Art Technology Group. His most recent position was as Managing Director at Revolution Partners, a technology investment banking firm. Mr. Marken began his career at Xerox, where he held numerous sales management positions.

Mr. Marken holds a B.S. in finance and economics from Babson College and an MBA from Harvard Business School.

“I have known Tim for a long time and have always wanted to be in business with him,”said Bill Allard, CEO of Marquis Jet.“Tim has unparalleled leadership capabilities and a proven track record for taking a sales force to the next level. I’m thrilled that he has decided to join our team.”

Perry O’Grady previously served as Director of Channel Management at a block-charter aircraft company. Prior to this position, he spent seven years at Gillette and two years at Johnson&Johnson in several marketing capacities. He began his career as a writer-producer for NFL Films.

Mr. O’Grady’s position is newly created, marking the establishment of a dedicated corporate development function at Marquis Jet. The addition of this function was necessitated by the Company’s explosive sales growth in the corporate market, as more companies abandon commercial travel and turn to the safety, security and convenience of the Marquis Jet Card program.

“Mr. O’Grady is a perfect example of the type of person that we want on our team,”said Allard.“He’s an A+ player with the experience and skills required to address the needs of senior executives and further expand our corporate presence.”

Mr. O’Grady graduated from Boston College and received his MBA from Kellogg School of Management at Northwestern.

ABOUT MARQUIS JET

Marquis Jet is the global leader in hourly private jet cards, starting in increments of 25 hours. Through its exclusive alliance with NetJets, Marquis Jet provides the convenience, quality and safety of the world’s premier fractional aircraft ownership program. The Company’s Marquis Jet Card is sold on a single-year, pre-paid basis. The Card is available throughout North America and Europe, catering to businesses and individuals that fly between 25 and 50 hours annually and desire access to the world’s best fleet and service. For additional information, visit the Company’s website at www.marquisjet.com or call 1-866-JET-1400.

ABOUT NETJETS

NetJets Inc., a Berkshire Hathaway Inc. company, provides the safest and most secure private aviation travel solutions in the world. In 2003, NetJets will fly more than 250,000 flights to over 140 different countries.

NetJets fractional aircraft ownership 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. The NetJets program has proven to be extremely valuable for companies that have invested in whole aircraft ownership and need NetJets to meet their supplemental lift requirements.

The NetJets fleet is the largest and most diversified including 13 of the most popular business jets in the world. Access to the NetJets fleet is also available in the form of an innovative short-term lease, sold on an all-inclusive, pre-paid basis in 25-hour increments, through an exclusive alliance with Marquis Jet Partners.

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 Partner Program, and Executive Jet Management is available at www.netjets.com .