Warren Buffett is weighing in on how NetJets can help
private jet owners maintain privacy for important missions
In a recent posting on its online newsletter, NetJets is highlighting that private jet owners who need privacy can use fractional ownership, leases and jet cards for supplemental lift when they need to maintain secrecy for their missions.
“I should point
out that anybody out there who wants to do business with us, that if they take
a [NetJets] plane nobody will be able to track them. … And if you use a company
plane, it’s a big way of running a billboard that I’m in town for something,”
said Warren Buffett, Chairman and Chief Executive, Berkshire Hathaway, parent
The company sells on-demand charter and jet cards
Jet card and on-demand broker Air Charter Service said that in the first half of its financial year the company saw an increase in private jet bookings from its UK office of 8%. This is compared to industry-wide WingX statistics showing that private jet flights into and out of the UK were down by 5.4% over the same six months.
In a press release, Andy Christie, Air Charter Service’s Global Director of Private Jets, said, “We had a very good first half of the year, considering the market is in decline, with more than 1,300 private jet charter flights arranged just from our London HQ over the six month period. The increase of 8% is even more impressive when you take into consideration WingX’s figures for the UK and when compared to the worldwide industry as a whole, which has grown by just 2%.”
The former C-Suite executive with XOJET recently left as acquirer Vista Global merged it with the former JetSmarter
Business aviation veteran Gregg Slow has joined PrivateFly’s senior leadership team to head the U.S. division of the company, which operates from a U.S. headquarters in Boston and a sales office in Fort Lauderdale, with further sales teams based across the country.
The U.S. now accounts for half of PrivateFly’s global flight sales for the U.K.-based provider, according to the press announcement.
Slow brings 19 years of business aviation experience to the newly created role, most recently from his seven-year tenure at XOJET where, as chief client officer, he built the commercial client-facing offering and assisted in the company’s acquisition by Vista Global. Earlier this summer the VistaJet parent merged XOJET and JetSmarter to form XO.
Alliance Aviation has joined with Encore Parts for the industry’s first-ever used aircraft trade-in program
Separately, the jet card broker launched a membership that pays interest on your deposit with flight credits
With a significant number of older private jets facing big upgrade costs to meet the compliance standards of ADS-B, or Automatic Dependence Surveillance-Broadcast, which go into effect in January, owners of those planes need to make decisions quickly.
For many, they will need to ground their jets as they look
to buy new ones or perhaps hurry into a deal that doesn’t make sense.
The moves follow the merger of XOJET and JetSmarter earlier this summer
Two former top executives are exiting XO, formerly XOJET, following its recent combination with JetSmarter. Gregg Slow, president of enterprise at XO has left while James Henderson, president of commercial operations will join Exclusive Resorts LLC as CEO in October it was announced last week.