Berkshire Hathaway Archives

NetJets to buy up to 150 Lilium eVTOLs

March 4, 2022March 4, 2022by Doug Gollan

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.

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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’ 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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