NETJETS® INC. UNVEILS JOINT VENTURE PLANS FOR CHINA

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飞行总动员航空网（Flight Story aviation network）--COLUMBUS, OHIO – March 26, 2012 – NetJets® Inc., a Berkshire Hathaway company and the worldwide
leader in private aviation, unveiled today additional details for 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.; a consortium of Chinese investors led by 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 joint venture and its operational base will be headquartered in Zhuhai, a prefecture-level city by the
Pearl River Delta on the southern coast of Guangdong province and an hour by fast ferry from Hong
Kong. A Memorandum of Understanding with the Zhuhai Aviation Industry Park was signed in Hong Kong
in August of 2011 and was witnessed by Vice-Premier Li Keqiang.
“The Chinese aviation market has phenomenal growth potential and we believe that introducing the
NetJets service in China will enhance our brand’s global offering for customers around the globe," said
NetJets Chairman and CEO Jordan Hansell. "Our aim is to introduce NetJets brand of unmatched
standards for managing private aircraft and provide aircraft owners in China with the ultimate in safety,
security and reliability.”
“The joint venture aims to meet the growing demand in China for exceptional service quality and high
safety standards in private jet management services for both corporate and personal use,” said Eric
Wong, Vice Chairman of NetJets China. “We are witnessing demand from both new domestic customers
and established customers in the U.S. and Europe. We are excited to provide a NetJets’ presence in
China which will provide aircraft owners with superior global coverage and services.”
NetJets also announced it will attend The Asian Business Aviation Conference & Exhibition (ABACE) to
be held in Shanghai between March 27th and 29th, 2012.
ABOUT NETJETS® INC.
NetJets®Inc., a Berkshire Hathaway® company, is the worldwide leader in private aviation with the largest
and most diverse private jet fleet in the world. NetJets began in 1964 as the first aircraft charter and
management company in the world. In 1986, NetJets pioneered the concept of fractional aircraft
ownership – offering individuals and businesses all of the benefits of whole aircraft ownership and more,
at a fraction of the cost. Today, NetJets offers a full range of private aviation solutions through its
fractional programs in North America and Europe, including NetJets Shares, NetJets Leases and the
Marquis Jet Card®, which provides access to NetJets though a 25-hour jet card. The North America
program is managed and operated by NetJets’ subsidiary NetJets Aviation, Inc., and the European
program is managed and operated by NetJets Transportes Aéreos, SA, a Portuguese/EU Air Carrier. In
the United States, NetJets also offers aircraft management and on-demand charter services through its
subsidiary, Executive Jet® Management, Inc. The NetJets companies offer worldwide flight operations.
More information on NetJets, NetJets Europe, the Marquis Jet Card, and Executive Jet Management is
available at www.netjets.com.