NetJets’ earnings fall on a 27% decline in flight hours

NetJets

Berkshire Hathaway’s Service group, which houses NetJets and Flight Safety, saw revenues drop by $1.15 billion (8.5%) in 2020 compared to 2019. Pre-tax earnings decreased $81 million (4.8%)

The world’s largest private jet operator, NetJets, Inc., saw a drop in flight hours and pre-tax earnings, according to Berkshire Hathaway’s 2020 annual report, released today.

Florida private jet flights surge, Texas drops

Florida private jet flights surge in February 2020

Private jet activity in the U.S. reached 93% of 2020 levels during the first three weeks of a weather impacted February.

New private jet deliveries fall 20% in 2020, lowest since 2004

Challenger 650

Covid-19 impacted private jet deliveries to 644 units, down 20.4% from 809 in 2019, and the lowest since 2004.

New private jet deliveries dropped by 20.4% from 809 in 2019 to 644 last year. It was the lowest total since 2004, according to the General Aviation Manufacturers Association.

GrandView Aviation to launch Washington D.C. to New York City, Baltimore helicopter service

New York Washington DC helicopter

Move over Acela and airline shuttles, Fly Lindy will offer a by-the-seat helicopter service connecting Washington D.C. to Baltimore and New York City

Private jet charter and jet card operator GrandView Aviation is launching a by-the-seat helicopter shuttle service linking Washington D.C. to Baltimore/College Park (CGS) and the Downtown Manhattan/Wall Street Heliport (KJRB). The service will operate under the banner Fly Lindy.

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