NetJets Europe

September 28, 2010 - 11:13am

As a result of aggressive cost-cutting measures, NetJets Europe expects to achieve modest operating profits this year. But the recovery in demand for its business aircraft fractional ownership, block charter and lease offerings is proving slower than anticipated, to the extent that the company now doubts whether even a return to modest market growth will be achieved next year, according to chairman and CEO Eric Connor.

September 1, 2010 - 6:51am

For the second quarter and first half of this year, fractional aircraft provider NetJets' revenues increased 16 percent and 17 percent, respectively, from a year ago, parent company Berkshire Hathaway said. These gains resulted from an increase in worldwide flight revenue hours, but were partially offset by lower management fees due to fewer aircraft in the NetJets program.

August 10, 2010 - 12:51pm

For the second quarter and first half of this year, fractional aircraft provider NetJets' revenues increased 16 percent and 17 percent, respectively, from a year ago, parent company Berkshire Hathaway said in its second-quarter results, released on Friday. These gains resulted from an increase in worldwide flight revenue hours, but were partially offset by lower management fees due to fewer aircraft in the NetJets program.

July 7, 2010 - 3:30am

NetJets has begun an operational consolidation plan for two of its North American fractional aircraft subsidiaries– NetJets Aviation (NJA) and NetJets International (NJI). Columbus, Ohio-based NJA flies everything but the large-cabin Gulfstream fleet; NJI, based in Okatie, S.C., operates the fractional Gulfstream fleet, with the exception of the super-midsize G200.

June 28, 2010 - 12:04pm

NetJets has begun an operational consolidation plan for two of its North American fractional aircraft subsidiaries–NetJets Aviation (NJA) and NetJets International (NJI). Columbus, Ohio-based NJA flies everything but the large-cabin Gulfstream fleet; NJI, based in Okatie, S.C., operates the fractional Gulfstream fleet, with the exception of the super-midsize G200.

June 22, 2010 - 12:07pm

NetJets has shelved plans for a $200 million operations and training campus in Columbus, Ohio, and is instead going forward with a more modest $21 million expansion to its existing complex at Port Columbus Regional Airport. It will build a new 140,000-sq-ft facility that will be connected to NetJets’ existing Bridgeway Avenue facility to help implement plans to consolidate its headquarters and operations in Columbus.

June 4, 2010 - 4:06pm

NetJets Europe (NJE) this week rolled out a new eco-friendly catering package and recycling initiative designed to support the fractional aircraft provider’s environmental efforts. Its new catering box is made from sustainable-source bamboo and features recyclable wooden cutlery, reusable porcelain inserts and biodegradable lids.

June 3, 2010 - 12:45pm

NetJets yesterday announced the start of an operational consolidation plan for two of the company’s North American fractional aircraft subsidiaries–NetJets Aviation (NJA) and NetJets International (NJI). Columbus, Ohio-based NJA flies everything but the Gulfstream fleet; NJI, based in Okatie, S.C., operates the fractional Gulfstream fleet.

May 26, 2010 - 10:06am

Berkshire Hathaway’s first-quarter financial report notes that revenues at its NetJets subsidiary grew by 18 percent year-over-year, generating positive pre-tax earnings of $57 million versus a pre-tax loss of $96 million in the same period last year.

May 13, 2010 - 11:36am

Berkshire Hathaway’s most recent quarterly financial report notes that revenues at its NetJets subsidiary grew by 18 percent compared with the first quarter of 2009, generating positive pre-tax earnings of $57 million in the first quarter versus a pre-tax loss of $96 million in the same period last year.

 
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