Columbus, OH – October 12, 2005 – NetJets Aviation today announced that it had reached a tentative agreement with the NetJets Pilot Union (IBT-1108 Local).  The tentative agreement received a unanimous endorsement by both the Union Executive Board and Negotiating Committee.

The agreement now goes to the union membership for formal and final approval by member vote.  The NetJets Pilot Union represents more than 2,000 pilots. 

NetJets Aviation PresidentBill Boisture said that he was pleased with the tentative agreement and that it would position NetJets to continue its leadership position in the fractional jet industry.  “Both sides negotiated long, hard and in good faith, this is a fair agreement and we are confident that the pilots will endorse it as enthusiastically as the union leadership.”


Pilots will receive full details of the agreement and are expected to vote on it in the coming weeks.


Contact:
NetJets Inc.
732-326-3735
maarseth@netjets.com