Higher revenues and lower aircraft maintenance costs are driving NetJets’ profitability despite slower aircraft sales, says NetJets parent company Berkshire Hathaway. NetJets reported pretax earnings were up 10% to $227 million in 2011, a performance that Berkshire Hathaway Chairman Warren Buffett says was particularly impressive because sales of new aircraft shares were slow during most …
Lufthansa and NetJets on Monday will unveil an expansion of their Private Jet offering into North America less than a year after reviving their partnership in Europe, Aviation Week has learned. The two operators launched Private Jet in 2005, but dissolved the relationship at the end of 2007, when the German airline decided to buy …
SAVANNAH, Ga., December 20, 2011 — Capping a 14-year production run, the last super mid-size Gulfstream G200 business jet – the 250th – has rolled off the production line in Dallas. It will be replaced in the Gulfstream fleet by the all-new large-cabin, mid-range Gulfstream G280, which is scheduled to enter service in the first …
NetJets is suing the IRS over a tax bill totaling $642.7 million, money the fractional jet provider says it never should have been required to pay in the first place.The Internal Revenue Service improperly assessed passenger ticket taxes, NetJets said in its complaint in federal court in Columbus, Ohio. Four NetJets subsidiaries involved in the …
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