NetJets to buy up to 150 Lilium eVTOLs

Lilium eVTOL

The world’s largest private jet operator has signed a memorandum of understanding to buy up to 150 Lilium eVTOLs for its U.S. and European fractional ownership programs

NetJets is jumping into the market of first-generation electric vertical vehicles. The unit of Berkshire Hathaway has signed a memorandum of understanding with Lilium to buy up to 150 of the zero emissions aircraft.

NetJets releases first sustainability progress update

person holding a green plant

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’ earnings fall on a 27% decline in flight hours

NetJets Fleet

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 invests in sustainable aviation fuel producer WasteFuel

NetJets sustainability

WasteFuel uses proven technology that converts municipal waste into aviation grade biofuel that burns at an 80% reduction in carbon to fossil fuel-based aviation fuel

NetJets announced today it has made “a significant investment” in WasteFuel, a next-generation waste to fuel company that aims to transform landfill waste into sustainable aviation fuel (SAF). It is the first private aviation company to buy a stake in the production of sustainable aviation fuel. Additionally, NetJets will also purchase a minimum of 100 million gallons of WasteFuel’s SAF over the next ten years. 

%d bloggers like this: