NetJets Transportes Aéreos Approved for Extended Range Operations

Portuguese Civil Aviation Authority (INAC) Grants NetJets Europe Authorization to Fly its Gulfstream G550s 180 Minutes From Commercial Airports

LONDON and LISBON, Portugal, October 12, 2010 - NetJets Transportes Aéreos, the operating company of NetJets
Europe (www.netjetseurope.com/), Europe's leading business aviation
company, today announces that it has received approval from Instituto
Nacional de Aviação Civil (INAC) (www.inac.pt/), the Portuguese Civil
Aviation Authority, to conduct Extended Range Operations (EROPS) under
commercial rules - meaning that NetJets Europe is allowed to fly its twin
engine Gulfstream G550 aircraft 180 minutes flight time from an airport at
any given point along a route. Previously the limit was 120 minutes flight
time from an airport.

EROPS will result in more direct routes, less fuel stops,
reduced overall fuel burn and a more seamless experience for NetJets Europe's
customers. On some long-haul flights, tonnes of fuel and hours of flight-time
can be saved - for example, on a flight from Rio de Janeiro in Brazil to Cape
Town in South Africa, 2.8 hours of flight time is cut, as well as 12,075lbs
of fuel.

NetJets Transportes Aéreos achieved this certification by
going through a comprehensive application procedure with INAC, providing five
years of historical information including aircraft records, engine records,
company safety information and other operational data, all of which
demonstrated NetJets sterling record for safe long-haul travel.

NetJets Europe is the first dedicated business jet operator to
hold the internationally recognised IATA Operational Safety Audit certificate
from the International Air Transport Association - the most highly regarded
safety accreditation in the world. It recently announced planned investments
of EUR750 million into its safety operations, including staff training and
aircraft and maintenance facilities.

Mark Wilson, Chief Operating Officer of NetJets Transportes
Aéreos, comments: "This is a great achievement by our operations team and
highlights our world-leading safety record, credentials and capabilities.
With extended range operations, we're now even better equipped to deliver a
safe, hassle-free experience to our customers."

About NetJets Europe

NetJets Europe was founded in 1996 and today is the largest
business jet (www.netjetseurope.com/) company in Europe. As the only
pan-European operator with its own fleet, NetJets Europe, through NetJets
Transportes Aéreos (NTA), is uniquely capable of delivering a consistent,
world-class service with an unparalleled commitment to safety and security.
NTA was the first business jet operator to be awarded the IOSA certificate,
the highest safety accreditation in the world. NetJets Europe employs a total
workforce of more than 1,600 and has over 150 aircraft. NetJets Europe is the
marketing agent of NetJets Transportes Aéreos S.A., an EU air Carrier.

For more information on NetJets Europe and fractional business
jet ownership (www.netjetsuk.com/), please visit
www.netjetseurope.com.

For more information or imagery please contact:

James Ellerington, Brands2Life: +44(0)207-592-1200
netjetseurope@brands2life.com

Joanna Derain, NetJets Europe: +44(0)7789-511-482 jderain@netjets.com

For more information or imagery please contact: James Ellerington, Brands2Life: +44(0)207-592-1200, netjetseurope at brands2life.com; Joanna Derain, NetJets Europe: +44(0)7789-511-482 jderain at netjets.com