The radical shifts in business aviation over the past year were the focus of last month’s 16th annual Corporate Aircraft Transactions seminar held in New York, hosted by Insight. While examining how most aspects of the industry have been affected, many participants expressed their surprise at how fast the industry was overtaken by the economic downturn.
Uptick rule
March 4, 2009 - 9:36am
Revenues at Berkshire Hathaway’s services group–which includes fractional provider NetJets and flight-training provider FlightSafety International–were $8.435 billion last year, an increase of $643 million over 2007. Overall, pre-tax earnings at the Berkshire division last year were relatively unchanged from 2007 at $971 million, according to the company’s financial report issued late last week.
