Jet card brand Marquis Jet has been retired by NetJets. It was acquired when it bought Marquis Jet Partners in 2010
The jet card world is losing another iconic brand. After Wheels Up dropped the Delta Private Jets brand in February, NetJets has retired the Marquis Jet brand. It had been using the mark for its jet cards.
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 donates a portion of purchases from its (RED) Marquis Jet Card to support prevention, treatment, counseling, HIV testing, and care services
NetJets has reached a donation total of over $2 million to the Global Fund, the recipient of all (RED) monies, according to an update on its website.
Now a minority stakeholder in JetSuite, Inc., Qatar Airways investment is expected to drive growth at both JetSuiteX and JetSuite. Separately, Qatar said its private jet division will open offices in Shanghai and Moscow.
During the Farnborough International Airshow this week Qatar Airways Group Chief Executive Akbar Al Baker, and JetSuite Inc. Founder and Chief Executive Officer, Alex Wilcox, reaffirmed their commitment today to expanding JetSuite and JetSuiteX, in a press conference. In April, Qatar Airways took a minority stake in JetSuite and its JetSuiteX to enable faster expansion of the JetSuite fleet and “its ability to reach new destinations, including the potential to bring the semi-private model to additional U.S. regions.”