Berkshire Hathaway

July 23, 2007 - 10:20am

Fractional-ownership provider NetJets has placed an order for 50 AirCell ST 3100 Iridium satellite communication systems for its growing fleet of Raytheon Hawker 400XP light business jets.
The satellite phone systems will be installed at Raytheon Aircraft Services in San Antonio before aircraft delivery. A spokeswoman for Woodbridge, N.J.-based NetJets said the fractional operator expects the first 400XP delivery this month.

July 18, 2007 - 11:29am

Although foreign operators are unhappy over the complications they face in obtaining clearances to fly non-U.S.-registered into the U.S., in general the post-9/11 security rules are not insurmountable.

July 5, 2007 - 10:58am

NetJets Europe tapped Signature Flight Support as its Europe-wide “preferred handler.” The agreement covers Signature FBOs in Belgium, France, Greece, Ireland, South Africa and the UK. NetJets Europe shareowners can still use any FBO or handler that they choose. “It’s not an exclusive agreement,” explained a Signature spokesman.

July 2, 2007 - 12:30pm

The UK’s Marshall Aerospace and NetJets Europe are expanding their agreement for support of the fractional’s Citation fleet. Marshall said it is spending £5 million ($9.9 million) to extend its facilities and add new services to its Cambridge base to support the Citations. The company’s new hangar and FBO will offer 24-hour service and support to NetJets, with an MRO capability and access to an expanded spares inventory.

July 2, 2007 - 9:47am

The new owners of Hawker Beechcraft are starting on a high note. The company announced greatly improved first-quarter earnings last month, with net sales in the first quarter of this year up 32.3 percent from the same period a year ago, to $667.8 million. Hawker Beechcraft delivered 60 turbine aircraft in the first three months of this year, placing it second overall in terms of units shipped.

July 2, 2007 - 9:29am

NetJets put some more distance between itself and mere market mortals at the Paris Air Show last month with an order for 96 new Cessna Citations valued at more than $1 billion.

June 25, 2007 - 6:12am

Saudi Arabia’s National Air Services (NAS) signed an agreement yesterday to buy four Dassault Falcon 2000LX business jets plus options for an additional 16 airplanes in a deal potentially worth more than a half billion dollars.

June 20, 2007 - 12:53pm

NetJets, the founder of fractional aircraft ownership and the world’s biggest purchaser of business jets, put some more distance between itself and mere market mortals yesterday with an order for 96 new Cessna Citations valued at more than $1 billion.

June 20, 2007 - 5:44am

The Paris Air Show, being held this week at Le Bourget Airport, is turning out to be a major event for both business jet and jetliner manufacturers. Cessna said this morning that it landed a major order from NetJets and NetJets Europe valued at more than $1 billion. The deal is for 96 Citations (50 Encore+s, 37 XLS+s and nine Citation Xs). Bombardier is in on the action with a firm order for six Learjets from UK-based Skytime.

June 19, 2007 - 10:44pm

Hawker Beechcraft has signed a multi-year contract with Satyam Computer Services, India’s fourth-largest software exporter, to provide design and other services.

Selected for its aerospace engineering experience, Satyam will enable Hawker Beechcraft to streamline its engineering operations and “respond more quickly to business opportunities,” the U.S. airframe manufacturer said.

 
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