After the launch of its Global Sustainability Program last October, NetJets has published its first biannual progress update
With more than 760 private jets worldwide, NetJets is hugely influential in the industry. Today it provided its first biannual update following the launch of its expanded Global Sustainability Program in October 2020.
NetJets has obtained purchase rights for 20 AS2 supersonic business jets. Aerion’s global order backlog grows to $10 billion + ahead of a planned 2023 production start
Aerion signed a memorandum of understanding with NetJets and FlightSafety to explore wide-ranging cooperation
NetJets customers are set to break the speed of sound. The Berkshire Hathaway unit said it had obtained the right to purchase 20 Aerion AS2 supersonic private jets. The list price for the AS2 is $120 million. The order extends Aerion’s order book to over $10 billion. The new aircraft promises speeds of over 1,000 miles per hour.
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.
NetJets, Wheels Up, and Sentient Jet execs tell attendees at Corporate Jet Investor Americas 2020 they expect the private jet recovery to continue through next year
Wheels Up, with the second-largest for-hire fleet behind NetJets, says flying is already at pre-COVID levels. Jet card leader Sentient Jet recently restored pre-pandemic budget levels
Airline CEOs continue to say it could take until 2024 or beyond to recover from the COVID-19 downturn. In a parallel universe, the heads of private aviation’s biggest players painted a far different picture. Bosses at NetJets, Wheels Up, and Sentient Jet each offered bullish 2021 forecasts. They were all speaking at Corporate Jet Investor Americas 2020.