Security

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Security
Safety
Convenience
Time
Freedom
Productivity
Privacy
Choices
Lifestyle
Success
Efficiency
Comfort
Reliability
Flexibility
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NetJets will change your life !
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History of NetJets

• Executive Jet, the original company was
  established in 1964 as the first private charter
  company in the world.
• NetJets fractional aircraft ownership program was
  created in 1986.
• Berkshire Hathaway purchased Executive Jet in
  1998.

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Our Corporate Structure

• NetJets, Inc.

NetJets U.S.
Executive Jet Management (Charter)
NetJets? Europe
NetJets? Middle East
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What is Fractional Aircraft Ownership?

• An undivided interest in a specific, serial
  numbered aircraft based on the number of hours
  you fly in a year.

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How NetJets Works
800 Occupied Hours
1/16 50 hrs

• Undivided Lien Free Interest
• Guaranteed Availability Costs
• Liquid Investment,Guaranteed Buy Back
• Depreciable Asset, Tax Benefits as Applicable
• Access to Entire Fleet

1/8 100 hrs
1/4 200 hrs
1/2 400 hrs
 
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What are the Costs?

• Acquisition Cost.
• The one time purchase of the asset.

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Acquisition Costs
Whole plane 8,000,000 1/8 Share 1,000,000

• Whole plane 800 occupied hrs.
• 1/8 Share 100 occupied hrs.

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What are the Costs?

• Acquisition Cost
• The one time purchase of the asset.

• Monthly Management Fee
• Covers indirect operating costs (pilot
  salaries, training, hangaring,
• administration, etc.).
• Occupied Hourly Fee
• Covers direct operating costs (fuel,
  maintenance, catering, landing fees, etc.).

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NetJets Provides Guaranteed Availability

• Our fleet of aircraft is blanketed across
• the U.S., Europe and the Middle East.
• NetJets owned core fleet.
• Subcontract when necessary.

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Charter vs. NetJets

• Yearly flight time is less than 40-50 hours.
• Trips do not exceed more than 1-2 days.
• Need only one aircraft per day.
• Depart from and return to the same location.

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Full Ownership vs. NetJets

• Yearly flight exceeds 400-500 hours, and...
• Fly most often from one location, and...
• Require only one aircraft per day.

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NetJets Advantages

• Aircraft Choices
• International Capabilities
• Guaranteed Availability
• Experience
• Asset Value

• Contract Renewal
• Financial Strength
• Most Favored Nations
• Safety
• Security

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NetJets Fleet

• NetJets currently manages over
• 449 aircraft.

Light cabin
Midsize cabin
Large cabin

• 3 Citation SIIs
• 5 Citation Bravos
• 78 Citation V Ultras
• 4 Citation Encore
• 32 Citation Excels

• 17 Citation VIIs
• 45 Hawker 800XPs
• 27 Hawker 1000s
• 55 Citation Xs
• 86 other

• 40 Falcon 2000s
• 45 Gulfstream IV-SPs
• 8 Gulfstream Vs
• 7 Boeing Business Jets

• 562 more aircraft on order

As of May, 2002.
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Aircraft Choices

• By year end 2002, well manage over 540
  aircraft.
• 12 different aircraft types in the U.S.
• 4 additional aircraft types have been ordered.
• 5 different aircraft types in Europe.
• More aircraft to fit your travel profile.
• Greater interchange offerings.

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NetJets Order Activity

• In the last 6 years, 1011 new aircraft have been
  ordered for the NetJets program.
• Total over 19 billion.
• Ordered

Light cabin
Midsize cabin
Large cabin

• 23 Citation Bravos
• 78 Citation V Ultras
• 38 Citation Encores
• 113 Citation Excels

• 17 Citation VIIs
• 92 Hawker 800XPs
• 81 Citation Xs
• 100 Citation Sovereigns
• 100 Hawker Horizons

• 100 Gulfstream 200s
• 75 Falcon 2000s
• 50 Falcon 2000EXs
• 2 Falcon 900s
• 68 Gulfstream IV-SPs
• 45 Gulfstream Vs
• 29 Boeing Business Jets

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Aircraft Choices

• Because we are not a manufacturer, we
  choose the worlds finest aircraft.

• Boeing, Cessna, Dassault Falcon,
• Gulfstream, Raytheon.

• Historically and factually, our aircraft
  offerings have the best residual values.

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InternationalCapabilities

• NetJets Europe
• NetJets Middle East
• NetJets Asia and NetJets South America are
  being developed.

All interchangeable
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NetJets Flight Support Center

• Columbus, Ohio
• Lisbon, Portugal
• Jeddah, Saudi Arabia

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Guaranteed Availability

• 24-hours a day, 7 days a week, 365 days a year.
• 3 Continents Worldwide.

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NetJets Experience

• NetJets has provided business jet solutions for
  38 years.
• Invented private jet charter - we have flown the
  most hours.
• Invented fractional ownership - we have the most
  years in the industry.
• In 2002, NetJets will fly over 250,000 flights,
  125,000,000 miles to over 140 countries.

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Most Favored Nations

• With NetJets every owner is treated equally.
• Warren Buffett pays... what Tiger Woods pays...
  what Kevin Russell pays...what GE pays.

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Financial Strength

• Berkshire Hathaway

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NetJets Safety

• All aircraft cockpits are identically outfitted.
• All aircraft are factory maintained.
• Our pilots fly one type of aircraft.
• All pilots are captains.
• 24-hour, on-staff meteorologists, dispatchers,
  auditors, schedulers, etc.

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Some of our owners include

• Andre Agassi
• America Online
• Bertlesmann AG
• Boeing
• Warren Buffett
• Chopard
• Dow Chemical
• France Telecom
• General Electric
• Georgio Armani Spa

• Gillette
• Nokia
• Prudential Insurance
• Pete Sampras
• Arnold Schwarzenegger
• Skanska
• Annika Sorenstam
• Sun Microsystems
• United Technologies
• Tiger Woods

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Security
Safety
Convenience
Time
Freedom
Productivity
Privacy
Choices
Lifestyle
Success
Efficiency
Comfort
Reliability
Flexibility