NetJets

May 8, 2014 - 2:20pm

First-quarter revenues at NetJets and FlightSafety International soared by 12 percent and 14 percent, respectively, according to parent company Berkshire Hathaway. Higher revenues at NetJets reflected increased sales of fractional aircraft and flight services revenues due to increased flight hours, while FlightSafety’s increase was the result of increased simulator training activity. Quarterly revenues at its services businesses, which include NetJets and FSI, increased by $284 million, to $2.4 billion, while profits climbed by $34 million, to $243 million.

April 29, 2014 - 2:36pm

FlightSafety International will build a new learning center in Columbus, Ohio, replacing the current facility there that dates back to 1999, the company announced today. Construction of the new facility will be completed in two phases, it said.

Phase one, scheduled for completion in December, will include a 55,000-sq-ft facility to house six full-motion flight simulators, 13 pilot and maintenance training classrooms, 12 briefing and debriefing rooms and 12 graphical flight-deck simulators.

April 16, 2014 - 9:50am

NetJets is preparing to launch its NetJets China business this summer, by which time it expects to receive Chinese government approval for an air operator certificate. It has also hired “key people” over the past few months in the run-up to the launch of NetJets’ Chinese joint-venture operation, NetJets Business Aviation, which initially will provide aircraft management services.

April 15, 2014 - 11:45am

NetJets is preparing to launch its NetJets China business in mid-2014, by which time it expects to receive Chinese government approval for an air operator certificate. It also has hired “key people” over the past few months in the run-up to the launch of NetJets’ Chinese joint-venture operation, NetJets Business Aviation Ltd., which initially will provide aircraft management services.

April 14, 2014 - 9:45am

Shanghai Hawker Pacific Business Aviation Service Centre (SHPBASC, Booth H128) received Civil Aviation Administration of China (CAAC) and U.S. Federal Aviation Administration (FAA) approval for maintenance of Hawker 800-series business jets, the company announced here yesterday at ABACE 2014. It also has been designated as an authorized service facility for Cessna Citations by the newly formed Textron Aviation, which also owns Hawker and Beechcraft.

April 10, 2014 - 2:31pm

NetJets is preparing to launch its NetJets China business in the middle of this year, by which time it expects to receive Chinese government approval for an air operator certificate. Upon its launch, NetJets’ Chinese joint-venture operation, NetJets Business Aviation Ltd., will provide aircraft management services.

April 3, 2014 - 2:30pm

NetJets has embarked on a U.S. demonstration tour of its new Bombardier Challenger 350 to current and prospective customers in more than 20 cities. The aircraft is a demonstrator model, since NetJets won’t take delivery of its first Challenger 350 until this summer. The private viewing events will provide guests with the opportunity to view the redesigned aircraft, which includes larger passenger windows, onboard Wi-Fi and HD entertainment system.

March 27, 2014 - 3:45pm

The NetJets Association of Shared Aircraft Pilots (NJASAP) and International Brotherhood of Teamsters Local 284 executive boards launched the NetJets Unions Coalition last week, citing “minimal progress and unjustifiable demands” during ongoing contract talks. NJASAP represents the more than 3,000 NetJets pilots, while Local 284 represents some 500 NetJets dispatchers, flight attendants, maintenance controllers, mechanics and stock clerks.

March 5, 2014 - 12:15am

Airbus Corporate Jets has appointed Benoit Defforge managing director. He will also maintain his previous role as head of the Airbus Corporate Jet Centre (ACJC).

Bill Chiles, president and CEO of helicopter operator Bristow Group, announced he will retire at the end of July but will remain with the company in a consulting role for another two years. He will be replaced by senior v-p and CFO Jonathan Baliff.

March 4, 2014 - 3:48pm

NetJets accounted for more than a third of the revenue increase at Berkshire Hathaway’s “other service” businesses last year, according to the parent company’s year-end results released on Saturday. The division, which also includes FlightSafety International and several other non-aviation companies, saw revenues climb by $821 million, to $9 billion, with NetJets’ share rising by $288 million–up 7.5 percent year-over-year–thanks to higher sales of fractional aircraft shares.

 
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