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.
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.
NetJets achieved a three-fold rise in new customers for the year as Berkshire Hathaway reports a 14.3% “aggregate” revenue drop for NetJets and Flight Safety year-to-date
While it’s hard to decipher NetJets‘ financial performance from Berkshire Hathaway’s quarterly reports and other filings, it appears the world’s largest private aviation provider is weathering this recession much better than the last one.