NetJets Pat Gallagher Archives

NetJets expands 25-hour lease program

April 4, 2022April 4, 2022by Doug Gollan

NetJets is adding back its cross-country midsize, super-midsize Corporate Angel Network jet card in a 25-hours per year, three-year lease

After launching 25-hours per year leases as a replacement for its jet cards, NetJets is now expanding the entry-level lease program.

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

February 27, 2021February 28, 2021by Doug Gollan

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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NetJets reaches $2 million in donations to (RED)

January 18, 2021January 18, 2021by Doug Gollan

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.

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NetJets sees big increase in new customers as Berkshire Hathaway reports Q3 financials

November 10, 2020November 10, 2020by Doug Gollan

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.

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