(BRK.A), (BRK.B)
With any big sporting event comes big money, and in the case of the upcoming Super Bowl LII, which will be played on Sunday, February 4, the week-long celebration that culminates in the NFL’s championship means a big logistical operation for Berkshire Hathaway’s NetJets.
The fractional ownership private jet company has created a temporary fixed-based operation at St. Paul’s Holman Field. The services will include a special bar and lounge for NetJets customers.
Late-January and February is a particulary active period for private jet services, and in addition to the Super Bowl, there is the Davos Economic Forum, The Grammy Awards, The Academy Awards, the NHL All-Star Weekend, and the NBA All-Star Game. Not to mention flying your sweetheart to Venice or Maui for Valentine’s Day.
It is actually Davos that has the highest concentration of the largest, long-range jets, including the Bombardier Global Express and Gulfstream 650, as people fly in from the farthest corner’s of the Earth.
Of the roughly 1,500 private jets anticipated to fly in and out of the Minneapolis area for the Super Bowl, approximately 16.5% of them will be NetJets flights.
The cost of private jets for the event are are reportedly running as high as $75,000 an hour.
Of course you do get some extra frills for all that cost. NetJets is hosting an invitation only party. The location? Well, it’s on your invitation.
© 2018 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.