NetJets’ earnings fall on a 27% decline in flight hours

NetJets

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.

Bombardier Challenger 650

Challenger 650

Challenger 650/605/604/601 profile, including current pricing, manufacturing dates, cabin size and passenger capacity, range, speed, baggage space, fractional ownership, and jet card options


Bombardier Challenger 650 Facts

Featured by NetJets and VistaJet, over 1,000 of Bombardier’s Challenger 650 series are in active service, including the Challenger 605, Challenger 604, Challenger 601, and Challenger 600. The original went into service in 1981, and the most recent – the Challenger 650 – has been in production since 2015.

A new Challenger 650 is $32 million while used early model Challenger 600s can be had for under $1 million.

While lacking the range of Bombardier’s Global line of large-cabin private jets, the Challenger 650 has a nonstop range from New York to London, between Dubai and London, or from the West Coast to Hawaii.

Manufacturing Dates

Production Start: 2015

Production End: In Production

Challenger 650 Related Models

The large cabin Bombardier Challenger 650 was the follow-up to the Challenger 605 (production from 2007 through 2015), Challenger 604 (1996 to 2007), Challenger 601 (1986 to 1996), and Challenger 600 (1981 to 1983).

Fleet Size

As of February 2021, Amstat lists over 1,000 Challenger 650/605/604/601/600s in service

  • Challenger 650…69 in the fleet
  • Challenger 605…288 in the fleet
  • Challenger 604…360 in the fleet
  • Challenger 601…248 in the fleet
  • Challenger 600…70 in the fleet

Private Jet Cabin Category

Large Cabin/Heavy Jet

Challenger 650 Cabin Size and Passengers

Challenger 650 interior
Bombardier’s Challenger 650 seats between 8 and 12 passengers. Pictured is a 9-seat configuration.

Height: 6.0 feet

Width: 7.11 feet

Length: 25.7 feet

Seating Capacity: 8 to 12

Range

Range: 4,000 nautical miles with 6 passengers and 2 crew

Speed

Maximum Cruise Speed: 488 mph

Normal Cruise Speed: 459 mph

Long-Range Cruise Speed: 425 mph

Baggage Space

115 cubic feet, all interior and accessible from the passenger cabin

Access

Fractional Ownership – Yes

Dedicated Jet Card – Yes

Challenger 650/605/604/601/600 Pricing

A new Challenger 650 is $32 million

Two 2017 used Challenger 650s are both listed for sale at $16.5 million. A 1982 Challenger 600 with 6,505 hours is listed for sale at $495,000.

Other Bombardier models currently in production

Compare over 150 private jet models in the Private Jet Performance Guide.

Learjet 75 Liberty

Challenger 350

Global 5000

Global 5500

Global 6000

Global 6500

Global 7500

Bombardier Global Express Guide

Learjet Guide

NetJets adds the Citation Latitude, Challenger 350 and 650 to jet card line-up

NetJets cost

The new private jets replace previous offerings for the Falcon 2000 and Citation X

Last month we reported NetJets restructured its jet card program eliminating fuel surcharges and cutting prices.

It also added jet cards with the Cessna Citation Latitude and Bombardier’s Challenger 350 and 650 in its Classic Card (nee Marquis Jet) and Elite Card formats.

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