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.
Wheels Up Aircraft Sales enables the private aviation provider to offer one-stop shopping
Jet sharing, empty legs, on-demand charter, fixed-rate jet cards, aircraft management, MRO services, and now full aircraft sales brokering are under the Wheels Up brand
With a powerful digital presence and brand recognition only matched by market leader NetJets, Wheels Up is once again showing it intends to be a driving force in private aviation.
This morning’s announcement of Wheels Up Aircraft Sales puts the company into aircraft brokerage, acquisition, trade, and advisory services.
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.”
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.”
Private Jet Card Memberships can be a good solution, but there are considerable differences beyond hourly rate
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.
This private jet card membership program has the hometown touch
There are over 25 different providers of jet card programs we track in Private Jet Card Comparisons, and each supplier we’ve found has a varied approach to the market, which makes it very interesting for you as a consumer. In some cases the differences are significant. In other cases, they are more nuanced, which means you owe it to yourself to spend a bit of time doing some due diligence, but by selecting a program that fits your needs you are likely to find a happy home.
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.