Berkshire Hathaway

February 19, 2007 - 5:20am

Fractional ownership provider NetJets Europe has launched a dedicated operation for the Scottish market. The new NetJets Scotland service will offer flights from 17 Scottish airports, including the Royal Air Force bases at Lossiemouth, Leuchars (close to the exclusive St. Andrews golf course) and Kinloss. It will also provide access to the country’s mountainous Highlands region, as well as to the Orkney, Shetland and Hebrides Islands.

February 15, 2007 - 9:59am

At today’s annual financial analyst meeting, Dassault Aviation chairman and CEO Charles Edelstenne announced record results for the second consecutive year for Falcons. Last year the company recorded firm sales for 158 jets, including an order from NetJets Europe for 24 Falcon 7X trijets. “Driven by growth outside North America, the worldwide market for business jets remained impressive in 2006,” said Edelstenne.

February 12, 2007 - 11:42am

After nine months of intense bargaining, NetJets’ unionized pilots (represented by the International Brotherhood of Teamsters) and management reached a tentative agreement (TA) on Saturday. The move comes four years after the pilots’ contract became amendable in October 2001.

February 12, 2007 - 10:20am

Cleveland-based fractional provider Flight Options yesterday announced three new buyer-incentive programs. Until December 16, buyers of a 3/32nd share (75 hours of annual usage) in a new Hawker 400XP will get an extra 25 occupied hours per year (a total of 100 hours) with no additional capital outlay. According to Flight Options, this equates to a savings of nearly $200,000.

February 9, 2007 - 10:11am

Three of the five pilots for Cleveland-based fractional aircraft operator Flight Options who are trying to organize pilots under International Brotherhood of Teamsters Local 1108 (the same union that represents NetJets fractional pilots) told AIN that they soon expect to have enough organizing cards to call a vote.

February 2, 2007 - 10:26am

On October 29, more than four out of every five of the unionized pilots at fractional provider NetJets voted to reject a tentative agreement (TA) reached in late August (see AIN November, page 4), sending a strong message to their now former master executive council (MEC) members, the International Brotherhood of Teamsters (IBT) Local 284 and the company itself.

February 2, 2007 - 9:49am

NetJets Europe (NJE) sold shares in 18 complete aircraft last year, representing an 80-percent increase in sales over 2003. By the end of last year the European fractional ownership program’s fleet consisted of 58 aircraft. That number is set to grow to 91, with 33 deliveries scheduled for this year.

February 2, 2007 - 9:11am

The Gulfstream G150, which the Savannah, Ga.-based company describes as the first wide-cabin, long-range, midsize business jet, rolled out January 18 in el Aviv before hundreds of employees of Israel Aircraft Industries, which is producing the G150 at its plant on Ben Gurion International Airport.

February 1, 2007 - 10:26am

Marquis Jet is now marketing a 25-hour card that gives users access to 12.5 hours in each of two different aircraft types. The new card combines aircraft types with different seating and baggage configurations, amenities and distance capabilities. The company offers two different versions of the new card: a Citation Excel/Hawker 400XP combination and a Citation X/Citation Excel combo.

February 1, 2007 - 10:06am

Atlanta-based aviation placement company AIR projects that the four major fractional aircraft ownership companies will hire at least 1,000 pilots this year, more than double the 482 hired last year, but fewer than the record 1,363 hired in 2000. The last year in which the fractionals hired more than 1,000 pilots was 2001, according to AIR. NetJets, the largest fractional operator, is expected to hire more than a third of the projected total.

 
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