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.
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.
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.
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.