Berkshire Hathaway NetJets Archives

NetJets is adding 100 new private jets through the end of 2022

August 12, 2021August 12, 2021by Doug Gollan

NetJets will add 30 more aircraft by the end and another 70 next year, according to an email sent to customers today

The world’s largest private jet operator is getting bigger, faster than it previously planned. Before the pandemic, NetJets said its fleet plan was to add approximately 40 new private jets annually over the next 10 years.

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NetJets releases first sustainability progress update

April 15, 2021April 17, 2021by Doug Gollan

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.

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NetJets is going supersonic with 20 Aerion AS2 private jets

March 3, 2021March 3, 2021by Doug Gollan

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.

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

February 27, 2021February 28, 2021by Doug Gollan1 Comment

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.

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