September 8, 2004

FOR IMMEDIATE RELEASE

NATIONAL MEDIATION BOARD

Contact: NMB Public Information Line -- (202) 692-5050

Re: NetJets Aviation and the IBT Reach Agreement

Washington, D.C. -- The National Mediation Board (NMB) is pleased to announce that the International Brotherhood of Teamsters (IBT) reached a tentative collective bargaining agreement with NetJets Aviation on August 27, covering the craft or class of Pilots. Mediation was guided by NMB Mediator Brad Laslett.

Specific information regarding the contract or its provisions should be obtained directly from the parties.

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