NetJets Announces QS Security Services

(BRK.A), (BRK.B)

NetJets has rolled out QS Security Services to provide global security as an add-on option for its customers.

The new subsidiary will also help to enhance NetJets’ crew security by vetting airport-hotel transportation/routes and hotels used for crew rest, according to Jack VanderStoep, v-p of global security at NetJets and the head of QS Security Services.

QS Security Services will initially be offered as a premium service on select routes with tiered security packages that correspond to both the destination threat level and passenger needs. Currently, security packages are being offered at Paris Le Bourget and popular destinations in Mexico, VanderStoep told AIN. This will be progressively expanded to the rest of North America and Europe next year and Central and South America, the Middle East, and Africa in 2021, with worldwide coverage expected in 2023.

Security packages range from vetted limo transportation services and routes to armed convoys employing armored vehicles, in addition to close-protection agents and medically trained personnel. QS Security will also be able to provide onboard armed security officers to meet Homeland Security requirements to operate into Ronald Reagan Washington National Airport. Beyond the currently-available executive protection services, the subsidiary later plans to add security consulting and training to its portfolio.

QS Security Services will also eventually provide security for customers of NetJets subsidiaries NetJets Europe and Executive Jet Management, said VanderStoep.

© 2019 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.