World's First International Private Jet Card Introduced With Launch of Marquis Jet Europe; Unprecedented Flexibility of Marquis Private Jet Card Now Available In Europe.

Business Editors

NEW YORK--(BUSINESS WIRE)--May 16, 2002

As part of its ongoing commitment to provide customers with the highest standards of safety, security, personalized service and unprecedented flexibility in private jet travel, Marquis Jet Partners, Inc., has announced the company's international expansion with the launch of Marquis Jet Europe.

Robert Hersov, co-founder of Marquis Jet Europe, has been appointed Chief Executive Officer and is responsible for overseeing operations at the company's European headquarters in London, England.

"We are delighted to extend our product offering to Europe at this time. Rob Hersov is an outstanding executive and we have no doubt he will replicate the great success that Marquis Jet Partners have already generated in the U.S.," said Alan Clingman, Chairman and CEO of New York based Marquis Jet Partners.

Through an exclusive alliance with NetJets(R), the pioneer and worldwide leader in fractional aircraft ownership, the Marquis Private Jet Card(SM) caters to businesses and individuals that desire the safety and reliability of the NetJets(R) fleet with only a short-term commitment. Structured as a single-year, all-inclusive lease of a fractional interest in a specific aircraft, The Card is available in 25-hour increments of "occupied hourly" time. Card owners can fly between more than 300 airports in Europe - over five times the number available to commercially scheduled airlines. With jets available with just 12 hours notice, Marquis Private Jet Card(SM) owners can enjoy shortened travel time, greater productivity and enhanced safety and security. Aircraft types presently available in the Marquis Jet Europe program include the Cessna Citation Bravo, Citation Excel, Raytheon Hawker 800XP, and Dassault Falcon 2000.

Hersov is one of Europe's most experienced entrepreneurs. He founded Sportal, where he most recently served as CEO, and was co-founder of the Antfactory, one of Europe's leading incubator/accelerators with over $200 million in capital and over 200 employees. Prior to Sportal, Hersov served as executive director of ENIC plc, the UK-listed leisure and sports company. During the course of his career, Hersov has held many high level positions in European media, including: CEO of Telepiu Srl, Italy's leading pay television company; executive director of the Pan-European pay television company Nethold BV; executive director of Richemont SA; and head of Morgan Stanley's European media investment banking team.

Through its exclusive alliance with NetJets(R), Marquis Jet Europe can now provide Marquis Private Jet Card(SM) owners with an unsurpassed safety record and guaranteed on-call availability of aircraft 365 days a year in thousands of airports across North America and Europe. NetJets(R) provides Marquis Jet Partners, Inc., with its fleet of state-of-the-art aircraft, the most experienced and well-trained flight crews in the industry, as well as its incomparable operations infrastructure and facilities. As a result of this alliance, Marquis Jet Partners and Marquis Jet Europe offer the convenience, service and safety of fractional aircraft ownership with the added benefit of a short-term commitment.

For additional information regarding Marquis Jet Partners, Marquis Jet Europe and the Marquis Private Jet Card(SM), visit the company's web site at www.marquisjet.com. Additional information on NetJets(R) is available through the NetJets(R) website at www.netjets.com.