Marquis Jet

November 3, 2011 - 3:12pm

NetJets terminated its franchise agreement for Middle East fractional aircraft services with National Air Services (NAS) of Saudi Arabia this week. NAS CEO Sulaiman Al-Hamdan conveyed the news to NAS employees in an email on Monday, while promising that the company’s business would continue as is.

November 2, 2011 - 3:22pm

Fractional-operator NetJets has terminated its franchise agreement regarding fractional services with National Air Services (NAS) of Saudi Arabia, AIN learned today.

August 31, 2011 - 10:10am
Marquis Jet founder and former CEO Kenny Dichter resigned as vice chairman of th

NetJets lost some of its creative energy in July when Marquis Jet founder and former CEO Kenny Dichter resigned as vice chairman of the company.

July 28, 2011 - 8:30am

Britain’s Office of Fair Trading (OFT) has said that it will not continue to investigate a complaint made against NetJets Europe because it has insufficient resources to do so.

June 28, 2011 - 6:05am

Signature Flight Support and NetJets signed a long-term lease that will provide the fractional operator with a dedicated, private terminal at Palm Beach International Airport (PBI). The project, slated for completion in early 2013, will include a 10,000-sq-ft terminal as well as approximately six acres of paved ramp, aircraft movement and car parking areas.

April 1, 2011 - 5:15am

NetJets, the Berkshire Hathaway-owned fractional-share operator, completed a purchase agreement early last month for up to 120 new Bombardier Globals, a deal worth $6.7 billion if all aircraft options are taken. Notably, this is NetJets’ first order for Bombardier business jets; previous large-cabin acquisitions by the fractional provider have been for Gulfstreams and Falcons.

March 31, 2011 - 1:07pm

Yesterday’s announcement that NetJets chairman and CEO David Sokol resigned from his post at that company and two other Berkshire Hathaway-owned firms took the aviation industry, Wall Street and just about everyone else by surprise. Sokol notably turned NetJets around, yet his elimination of redundant aircraft and personnel at the top from the fractional-jet provider was not without its critics.

March 30, 2011 - 7:10am

Lufthansa Private Jets confirmed the relaunch of its partnership with NetJets Europe, following the closure of its Swiss Private Aviation subsidiary. The German airline has also announced plans to expand its executive charter service into Middle Eastern and U.S. markets later this year. Under the new arrangement, Lufthansa passengers will be able to book flights in NetJets aircraft with as little as 10 hours’ notice.

March 2, 2011 - 9:07am

NetJets, the Berkshire Hathaway-owned fractional-share operator, completed a purchase agreement late last night for up to 120 new Bombardier Global jets, a deal worth $6.7 billion if all aircraft options are taken. Notably, this is NetJets’ first order for Bombardier business jets; previous large-cabin acquisitions by the fractional provider have been for Gulfstreams and Falcons.

March 1, 2011 - 10:15am

Revenues at Berkshire Hathaway’s “other services” segment–which includes fractional jet provider NetJets and flight-training company FlightSafety International–climbed by $770 million (up 12 percent year-over-year), to $7.4 billion, according to the company’s 2010 financial results, released on Saturday.

 
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