CARES Act private jet relief Archives

NetJets hints returning jet card sales; blasts competitors

December 30, 2021December 30, 2021by Doug Gollan1 Comment

NetJets says it hopes “to return to selling our full product lineup by Spring” while blasting competitors

In an email to customers and prospects, NetJets says it will “gradually resume sales starting in Q1.”

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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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NBAA urges Yellen to expedite payroll support for private jet operators

February 9, 2021February 9, 2021by Doug Gollan

While major airlines have already received Payroll Support Program (PSP) commitments, private aviation operators are still waiting

The National Business Aviation Association has joined the Helicopter Association International, National Air Carrier Association, National Air Transportation Association, and the Regional Airline Association, urging U.S. Treasury Secretary Janet Yellen to expedite assistance for commercial general aviation and regional air carrier operators.

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Major private jet operators apply for Payroll Support Program Extension Payments

January 25, 2021January 25, 2021by Doug Gollan

The Consolidated Appropriations Act, 2021, authorizes the Treasury Department to provide up to $16 billion of payroll support to aviation providers. So far over 500 have applied

The U.S. Treasury Department has revealed the list of aviation providers who have applied for the $16 billion allocated for industry workers’ payroll support.

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