Tag: NetJets

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Berkshire Hathaway subsidiary NetJets has taken delivery of its newest flagship aircraft, the Bombardier Global 8000, marking a major milestone in private aviation. As the fleet launch customer for this next-generation jet, NetJets is introducing one of the most advanced and luxurious business aircraft in the world into its lineup.

The delivery represents the first of four firm orders, with plans to expand further by upgrading existing Bombardier Global 7500 aircraft to the new 8000 standard. Once complete, NetJets expects to operate a fleet of 24 Global 8000 jets, reinforcing its position at the forefront of private aviation.

The Global 8000 stands out for its remarkable performance. It is the fastest civil aircraft since the Concorde, reaching speeds of up to 627 miles per hour (Mach 0.95) and offering an impressive range of up to 16.75 hours. Designed with passenger comfort in mind, it also features the lowest cabin altitude in business aviation, helping reduce fatigue and improve rest on long-haul journeys.

The aircraft was officially delivered at Bombardier’s Laurent Beaudoin Completion Centre in Montreal, where employees, executives, and special guests gathered to celebrate the occasion. This milestone signals a new chapter in the longstanding partnership between NetJets and Bombardier, as the world’s largest private aviation operator now adds the world’s fastest business jet to its fleet.

© 2026 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.

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Berkshire Hathaway’s NetJets has signed a multi-year agreement with Starlink to bring high-speed, low-latency internet to 600 aircraft across its global fleet by the end of 2026. The deal marks a significant upgrade in onboard connectivity, aimed at enhancing both productivity and comfort for passengers traveling for business or leisure.

NetJets President Patrick Gallagher said the partnership reinforces the company’s commitment to delivering a seamless travel experience. “With Starlink, travel is elevated with reliable connectivity…critical to the experience our Owners need and deserve,” he noted.

Installations are expected to begin this month across NetJets aircraft in the U.S. and Europe. The rollout will include Cessna Citation Latitudes, Embraer Praetor 500s, Cessna Citation Longitudes, Bombardier Challenger 350s and 650s, and the full Bombardier Global fleet.

Starlink, operated by SpaceX, uses a vast low-Earth-orbit satellite network—now numbering more than 8,000 satellites—to deliver broadband speeds up to 500 Mbps, even on remote global routes. “With Starlink onboard your NetJets flight, you’ll be able to boost productivity, have seamless video calls, stream on demand, and game just as you can on the ground,” said Jason Fritch, VP of Starlink Enterprise Sales.

The agreement positions NetJets to offer one of the most advanced in-flight connectivity experiences in private aviation, setting a new benchmark for the industry.

© 2025 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.

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NetJets, Berkshire Hathaway’s private aviation leader, and Signature Aviation, the largest operator of private aviation terminals, have launched a landmark project in Las Vegas. Last week, the companies broke ground on a new, state-of-the-art facility at Harry Reid International Airport (LAS), marking their first new-build collaboration.

Expected to open in 2027, the campus will feature a NetJets-exclusive terminal, a 24/7 NetJets Service Hub™, and two hangars, designed to enhance aircraft access and the travel experience for NetJets’ clients, known as “Owners.”

The custom NetJets terminal will offer a welcoming lobby, dedicated parking, and ramp access for smooth arrivals and departures. NetJets Service Representatives will be available onsite to assist Owners and Crewmembers.

The campus will also include a top-tier maintenance hub with an attached hangar, open round-the-clock to support NetJets’ global fleet. This facility will house a comprehensive parts inventory and a skilled team to ensure aircraft are maintained to the highest standards. A second hangar will serve NetJets’ subsidiary, Executive Jet Management.

Beyond elevating the Owner experience, the project will create hundreds of construction jobs and permanent operational roles, benefiting the Las Vegas economy.

“This extraordinary facility will enhance the world-class service our Owners expect while creating local job opportunities,” said Patrick Gallagher, President of NetJets Aviation. Signature Aviation’s CEO, Tony Lefebvre, added, “This collaboration underscores our shared mission to provide seamless, exceptional private aviation experiences.”

© 2024 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 a 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.

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NetJets, a global leader in private aviation and a subsidiary of Berkshire Hathaway, is expanding its real estate footprint with over a dozen projects across the United States. Key markets for these new investments include the New York tri-state area and Arizona.

This expansion includes the development of both existing and new facilities, such as NetJets Service Hubs™, to provide Owners with a personalized brand experience and seamless access to their aircraft.

NetJets has long held the largest market share of flight volume in New York. Recognizing the importance of this location, the company plans to renovate and rebrand its primary fixed-base operator (FBO) at Teterboro Airport in New Jersey. In collaboration with Signature Aviation, the enhanced space will be accessible exclusively to NetJets Owners. The new facility will feature a private ramp and hangar space, an Owner lounge, VIP conference rooms, a refreshment station, dedicated parking, and other amenities to ensure smooth arrivals and departures starting in 2025.

This summer, NetJets will also open an exclusive-use Service Hub in Scottsdale, Arizona. This marks the company’s first new-build Service Hub, operated in partnership with Jet Aviation. The Scottsdale hub will offer proactive aircraft maintenance, VIP conference rooms, a private lobby, an outdoor patio with mountain views, vehicular ramp access, and covered parking. Additionally, NetJets plans to break ground on a new facility in Las Vegas this year, set to open in 2027. The two-hangar Las Vegas FBO will include a dedicated terminal, lobby, and parking. Other projects are underway in Eagle, CO; Atlanta, GA; Bedford, MA; Austin, TX; and Dallas, TX.

“We are proud to announce our latest investments to grow our real estate footprint with renovated FBOs and NetJets Service Hubs in key markets,” said Patrick Gallagher, President of Sales, Marketing, and Service at NetJets. “By introducing new Service Hubs in the West, strengthening our partnerships with FBOs, and offering an exclusive facility at Teterboro, we continue to help our Owners reach across the country with ease.”

© 2024 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 a 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.

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Berkshire Hathaway’s NetJets has begun converting its options to purchase up to 250 Praetor 500 business jets from Embraer into firm orders. This year, NetJets converted the first five options into orders, with deliveries scheduled to start in 2025, according to Alvadi Serpa Junior, the market and product intelligence director of Embraer’s executive jets unit.

“As we move forward, we should expect to see more of these orders,” said Serpa Junior.

Berkshire’s NetJets, the leader in shared ownership of private business jets, initially signed the deal with Embraer last year. Valued at over $5 billion, the deal marked the third collaboration between the two companies but the first involving the Praetor 500, a midsize business jet. Previously, NetJets had purchased the smaller Phenom 300 jets from Embraer.

Despite this significant deal, the full value is not reflected in Embraer’s executive jets backlog, which reached $4.6 billion at the end of the first quarter, marking a $300 million increase from the previous quarter. Only firm orders are included in this backlog.

© 2024 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 a 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.

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In a significant development for the private aviation industry, pilots belonging to the NetJets Association of Shared Aircraft Pilots (NJASAP) have voted to ratify a tentative labor agreement with Berkshire Hathaway’s NetJets. The vote, with an overwhelming majority of 78.31% in favor, signifies a positive step forward in the relationship between the pilots and the company after several years of acrimony.

The newly ratified labor agreement brings about substantial changes, chief among them being a notable increase in compensation for NetJets’ pilots. With a resounding vote of confidence, pilots have agreed to a remarkable 52.5% rise in compensation until the agreement’s culmination in 2029.

NetJets, with roughly 3,100 pilots, is the leader in fractional (shared) ownership with over double the number of flight hours as its nearest competitor, Flexjet.

© 2024 David Mazor

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.

While the COVID-19 pandemic dealt a significant blow to commercial airlines with a sharp decline in travel, it unexpectedly ushered in a private jet travel boom for those with the means to indulge. Surprisingly, this trend continues to flourish, even as commercial jet travel makes a comeback. Berkshire Hathaway’s NetJets, a prominent player in the private aviation industry, has reported impressive revenue growth, with an 8.3% increase in the third quarter and an 11.5% rise in the first nine months of 2023 compared to the same period in 2022.

The surge in revenues can be attributed to several factors, including the expansion of shared aircraft ownership programs and a year-to-date surge in flight hours across NetJets’ diverse programs, all accompanied by higher average rates.

Notably, NetJets has been actively expanding its capacity, aiming to capitalize on the booming demand for private jet travel. In a significant move, the company joined forces with Textron Aviation in September, signing a record-breaking fleet agreement. This agreement grants NetJets the option to purchase up to 1,500 additional Cessna Citation business jets over the next 15 years. It extends NetJets’ existing fleet agreement and includes provisions for an increasing number of aircraft each year.

The surge in NetJets’ revenues paints a clear picture of the growing popularity of private jet travel. As travelers seek the flexibility, privacy, and safety that private aviation offers, companies like NetJets are poised for continued success. Even as commercial airlines make their comeback, the private jet industry is flying high, proving that luxury and convenience are increasingly becoming a top priority for those who can afford it.

© 2023 David Mazor

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.

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Berkshire Hathaway’s NetJets and Textron Aviation have announced a record-breaking fleet agreement for the option for NetJets to purchase up to 1,500 additional Cessna Citation business jets over the next 15 years.

The agreement extends NetJets’ existing fleet agreement, and includes options for an increasing number of aircraft each year, enabling NetJets to expand its fleet with Cessna Citation Ascend, Citation Latitude and Citation Longitude aircraft. Equally exciting is the announcement that NetJets has been named the fleet launch customer for Textron Aviation’s newest jet — the Citation Ascend. Deliveries of the Citation Ascend are expected to begin in 2025 when the aircraft, currently under development, is expected to enter into service.

“NetJets customers around the world continually select Citations as their aircraft of choice. We’re honored to be the largest provider of industry-leading aircraft to NetJets and look forward to continuing to work together to design and deliver the best aviation experience based on customer feedback,” said Ron Draper, president and CEO, Textron Aviation. “Expanding and adding the Citation Ascend to the NetJets fleet will provide its global customers with even more versatility and flexibility to accomplish their missions, building upon the exceptional performance and popularity of the Latitude and Longitude.”

Since the inception of the more than 40-year relationship between the companies, NetJets has taken delivery of more than 800 aircraft from Textron Aviation, including exercising over 300 options for Citation Latitudes and Longitudes during the past eight years. This enduring relationship equips discerning customers with class-leading, safe, and reliable aviation travel experiences worldwide. Through the years, NetJets has owned and operated industry-leading Citations including the Citation SII, V, Excel/XLS, Sovereign, X, Latitude and Longitude models.

“As a long-time, trusted ally who shares our commitment to safety and service, Textron Aviation is the ideal partner to help us expand our offerings to NetJets Owners with the introduction of the new Ascend to our midsize jet class, as well as by growing our overall fleet,” said Doug Henneberry, NetJets Executive Vice President, Aircraft Asset Management. “Based on past demand for the popular Citation Latitude and Longitude, the new Ascend and all our new Citations will undoubtedly be well received by our Owners, particularly those who depend on NetJets to help them do more and miss less.”

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.

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Berkshire Hathaway’s NetJets, the world’s largest private jet operator, may end up with one less competitor as Wheels Up, a membership model private aviation provider, struggles to stay in business.

Wheels Up has given notice to the Securities and Exchange Commission that “there is substantial doubt about its ability to continue as a going concern for any meaningful period of time.”

Wheels Up recently received a cash infusion from its 20% equity partner Delta Air Lines, but that looks to be insufficient to sustain the company long term.

Wheels Up is third behind NetJets and Flexjet in the private aviation market.

Wheels Up also signed a non-binding letter of intent sell its aircraft management business to Airshare, which is currently ninth in the private aviation market.

© 2023 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.

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Berkshire Hathaway’s NetJets, the world’s largest private jet operator, has recently unveiled its state-of-the-art Maintenance Service Hub at Paris Airport-Le Bourget. This new facility aims to provide round-the-clock maintenance services for all NetJets aircraft operating in Europe, catering to the growing demand in the region.

In collaboration with JetSupport, the Le Bourget Maintenance Service Hub offers a comprehensive 24/7/365 MRO (maintenance, repairs, and operations) service. With this strategic expansion, NetJets seeks to ensure the smooth functioning of its impressive annual tally of 450,000 global flights. In addition to the new Paris hub, NetJets also operates a maintenance hub at London Luton Airport.

Spanning an area of 4,014 square meters, the Le Bourget service hub hangar boasts an additional 11,329 square meters of ramp space. This extensive facility can comfortably accommodate NetJets’ largest aircraft models, such as the Bombardier Global 6000 and Bombardier Challenger 650. By providing ample capacity, the company aims to maximize aircraft availability and minimize downtime.

Christian Luwisch, the executive director of NetJets Europe, expressed his delight in officially inaugurating the Maintenance Service Hub at Le Bourget. With NetJets’ continued fleet expansion in Europe, Luwisch emphasized the importance of scaling up operational capabilities to ensure uninterrupted service for aircraft owners. Safety remains the company’s utmost priority, and the strategic locations of both Le Bourget and Luton hubs play a crucial role in delivering seamless and proactive servicing.

NetJets’ new Maintenance Service Hub at Paris Airport-Le Bourget is a testament to the company’s commitment to excellence in aircraft maintenance and customer satisfaction. By establishing this 24-hour facility, NetJets reinforces its position as a leader in the private aviation industry, providing reliable and efficient services to its discerning clientele.

© 2023 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.