Press Release

Issued by NetJets, Inc..

November 13, 2012

NetJets Inc., a Berkshire Hathaway company and the worldwide leader in private aviation, unveiled today The Private Jet Travel Card, offering a unique product and service to both corporate and individual China-based travelers. The card opens access to NetJets' unparalleled safety, service and reliability.

Card designed for China-based travelers to use in the continental U.S., EU and Switzerland

The Private Jet Travel Card is sold in increments of 25 hours, allowing the buyer to determine the amount of flight time that is needed, with no long-term commitment. The card grants entry to a large cabin aircraft in the NetJets U.S. and European fleet for an 18-month term, and is designed to be used by China-based travelers in the U.S., EU and Switzerland.

"NetJets guarantees aircraft availability within as little as 10 hours. This specialty product is designed to get our customers where they want to go, when they want to go in an aircraft specially intended to meet their needs" stated Adam Johnson, Senior Vice President, NetJets Global Marketing, Sales and Service, NetJets.

Earlier this year NetJets announced its new joint venture in the People's Republic of China. Subject to obtaining relevant regulatory approvals, NetJets China Business Aviation Limited will be a joint venture among NetJets Inc.; Hony Jinsi Investment Management (Beijing) Ltd, a subsidiary of Hony Capital, a leading private equity firm of China; and Fung Investments, part of the private investment arm of the families of Dr. Victor Fung and Dr. William Fung, the controlling shareholders of the Li & Fung group of companies that are involved in supply chain management as well as the wholesale and retail of consumer products.

The Private Jet Traveler Card is NetJets' first product offering targeted at China-based travelers. The company is working to obtain authorization to establish an aircraft management business in China within the next 12 months.