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The world’s largest private jet operator is getting bigger, faster than it previously planned. Before the pandemic, NetJets said its fleet plan was to add approximately 40 new private jets annually over the next 10 years.
You’re busy. You’re paying a lot of money to fly privately so you can save time and not be inconvenienced. If you have experienced delays and service lapses – or have flights booked in the next few weeks or possibly months, I’ll start with the bottom line: Private aviation is not immune to the same issues that businesses across America and around the world are experiencing.
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.
After taking a cautious approach at the beginning of the current COVID-19 pandemic, NetJets has turned into a bull.
In an email to customers today, NetJets president Patrick Gallagher wrote, “Private aviation fared much better and has rebounded faster, though it is not yet back to pre-pandemic levels.”