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Wed, Oct 01, 2003

Boisture Named President of NetJets

Responsible for Operations in North America

NetJets has announced that W.W. Boisture, Jr. has joined the company as president. Boisture will assume responsibilities for NetJets operations in North America and will be based at the company's operational headquarters in Columbus, OH. Boisture will report directly to Richard T. Santulli, NetJets chairman and chief executive officer.

"We are very pleased to have an experienced executive the caliber of Bill Boisture join our team," Santulli said. "His skills and experience compliment our existing staff and he provides the management and leadership depth to support growth and expansion.

"Bill brings valuable experience in all areas of business aviation. He has a strong track record of building and growing successful businesses and his experience and expertise will help take our company to the next level. Having worked closely with Bill for over 15 years, I know we share very similar and sound business philosophies. I am excited about working with Bill on a day to day basis."

Discussing his new appointment, Boisture said, "I am excited about the future of our company and am extremely pleased to join the team. I first began working with NetJets in 1989 when I was responsible for Butler Aviation. Since then, Rich Santulli and I have worked on significant business transactions. I look forward to working to maintain and strengthen our position as the leader and to open new markets for our products and services."

Boisture was most recently executive vice president of General Dynamics Aerospace and president of Gulfstream Aerospace where he was a leader in the turnaround and significant growth of that company beginning in 1994. Prior to that he was responsible for British Aerospace Corporate Jets, Butler Aviation and SimuFlite Training International as president of each firm. NetJets, a Berkshire Hathaway company, is creator and world leader in fractional aircraft ownership, which allows individuals and companies to buy a piece of a private business jet at a fraction of the cost of whole aircraft ownership and then guarantees availability 365 days a year with just a few hours' advance notice.

NetJets' fleet of over 500 aircraft is the largest and most diversified in the fractional aircraft industry and includes 13 of the best-in-class business jets manufactured. This year NetJets will fly more than 250,000 flights to over 145 countries.

FMI: www.netjets.com

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