NetJets Europe

November 9, 2010 - 11:06am

Berkshire Hathaway on Friday reported that revenues at its NetJets fractional aircraft subsidiary climbed 17 percent during the first nine months of 2010 versus a year ago “due to an increase in worldwide flight revenue hours and increased fuel cost recoveries, partially offset by lower management fees due to fewer aircraft in the NetJets program.” According to the third-quarter financial report, NetJets logged pre-tax earnings of $158 million

November 4, 2010 - 11:51am

This morning, Columbus, Ohio-based NetJets announced it acquired jet card provider Marquis Jet Partners. Marquis Jet was started in 2001 by Kenny Dichter, offering 25-hour jet cards essentially equivalent to a 32nd share of a NetJets airplane. Jet card buyers purchase a “pre-paid sub-lease of a specific aircraft,” according to Marquis, which owns 65 airplanes in the NetJets fleet.

October 27, 2010 - 11:33am

Embraer announced at the NBAA Convention last month that fractional provider NetJets signed an agreement to purchase 50 Phenom 300 light jets and has an option to buy 75 more. At current list prices, the deal could be worth more than $1 billion. The aircraft, which the Brazilian ­manufacturer expects to begin delivering in 2013, will be specially equipped for the Berkshire Hathaway-owned NetJets and called Phenom 300 Platinum Edition.

October 18, 2010 - 4:00pm

NetJets (Booth No. 170), the largest player in the fractional-jet-share business, has signed an agreement to purchase 50 Phenom 300 light jets from Embraer, the Brazilian aircraft manufacturer. The Berkshire Hathaway-owned NetJets, based in Columbus, Ohio, has an option to buy 75 additional Phenom 300s, which could bring the deal's total value to more than $1 billion (U.S.) at current list prices, according to Embraer.

October 18, 2010 - 5:28am
Embraer announced that fractional provider NetJets has signed an agreement to...

Embraer announced that fractional provider NetJets has signed an agreement to purchase 50 Phenom 300 light jets and has an option to buy 75 more. At current list prices, the deal may be worth more than $1 billion (U.S.). The aircraft, which the Brazilian manufacturer expects to begin delivering in 2013, will be specially equipped for the Berkshire Hathaway-owned NetJets and called Phenom 300 Platinum Edition.

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.

 
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