NetJets Aviation Pilots Vote to Ratify New Contract

The pilots at fractional jet operator NetJets have voted to ratify a new five-year contract, according to a press release issued by their union.

The new agreement, which was approved by the pilots in a 5 to 1 vote, "increases wages, offers job security and improves the quality of life for pilots."

"This contract marks an outstanding victory for our pilots," said Bill
Olsen, President of Teamsters Local 1108 in Columbus, Ohio. "This sets the
standard for business jet pilots in the jet industry. It was a long, hard
fight, but our members stayed the course."

In contract talks with NetJets since October 2001, the union leadership
sought fair wages and benefits along with a decent quality of life for its
members. The membership rejected by 82 percent a tentative agreement presented in August 2004, but union officials feel this agreement addressees many of the issues.

"This is an unprecedented contract," said Don Treichler, Teamsters Airline
Division Director. "This takes the workers up to the level of the legacy
carriers in terms of wages, working conditions and benefits."

NetJets pilots will enjoy an average 40% to 60% increase in pay, based on years of service, and depending on which aircraft they fly.

NetJets® is a subsidiary of Berkshire Hathaway, Inc. Their pilots are represented by the International Brotherhood of Teamsters.