NetJets updates COVID-19 Coronavirus impact on operations

NetJets covid-19 coronavirus

The world’s largest private jet operator has released a summary of both precautions it is taking as well as current travel restrictions

As more and more airlines cut back on their flight schedules due to government restrictions and plummeting demand, NetJets and other private aviation providers continue to offer critical links in these challenging times.

In an update posted yesterday on its website, the world’s largest private jet operator wrote, “The COVID-19 pandemic has created a constantly changing landscape at NetJets. We will continue to issue operational updates as they become available, but we wanted to take a moment to provide reassurance that we are taking all necessary precautions to mitigate the spread of the virus and continue to keep our owners and our employees safe.”

NetJets launches security services for customers

NetJets covid-19 coronavirus

The new offering comes via subsidiary QS Security Services

NetJets has launched a new subsidiary with QS Security Services. It’s a global network of security partners with superior expertise in personal protection.

The unit of Berkshire Hathaway “will protect high-profile travelers by leveraging decades of unmatched security expertise gained from federal, state, and local law enforcement, as well the U.S. military.”

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Business aviation in America is big business, impacting all 50 states and generating over a million jobs and $219 billion in economic contribution, according to the National Business Aviation Association. Private jets are time machines, enabling you to conduct business more efficiently, spend more time at your vacation destination and give you more time to spend with your family or pursuing your passions instead of sitting in airports. In-flight time also becomes more productive, networking with customers, holding internal meetings and getting work done that’s harder to do in a public space such as a commercial flight. In fact, commercial airlines such as Delta Air Lines, Emirates, Qatar Airways, Korean Air, Lufthansa, Saudia, Hainan Airlines and even JetBlue (with JetSuite) either own or have partnerships with private jet operators. 

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NetJets Pre-Tax Earnings Jump 19 Percent

NetJets pre-tax earnings increased 19% “primarily due to lower subcontracting expense and a decline in losses from aircraft impairments and dispositions,” according to parent company Berkshire Hathaway’s 2016 Annual Report. Those gains were “partly offset by increases in depreciation and restructuring,” the report stated. 

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