NetJets Europe

January 4, 2012 - 4:00am

The U.S. government claims that NetJets owes the Internal Revenue Service (IRS) nearly $643 million in federal excise taxes, assessed penalties and interest. The amount is just $125 million less than the $768 million in pre-tax earnings that NetJets parent Berkshire Hathaway reported in its last financial report for the “other” category of subsidiaries that includes NetJets, FlightSafety International and other businesses.

November 17, 2011 - 3:28pm

Four of NetJets’ subsidiaries–NetJets Aviation, NetJets International, NetJets Large Aircraft and Executive Jet Management (EJM)–are suing the U.S. government over a $642.7 million IRS tax bill for past federal excise taxes (aka “ticket tax”) and assessed penalties and interest.

November 8, 2011 - 3:26pm

Third-quarter pre-tax earnings at Berkshire Hathaway’s “other services” division, which includes FlightSafety International and NetJets, climbed 15 percent, to $281 million, from a year ago thanks to stronger demand for pilot training at FlightSafety and higher revenues at fractional provider NetJets.

November 1, 2011 - 3:37pm

A hearing with the UK’s Central Arbitration Committee over the representation of pilots at NetJets Europe scheduled for last Friday was postponed after both sides agreed to hammer out an agreement on their own.

October 12, 2011 - 10:50pm
Cambridge Airport hangar

Traffic is growing at the UK’s Cambridge Airport following a rebranding and change of management at the start of 2011. The privately owned facility has come to the NBAA show (Booth No. N1622) to encourage more North American operators to try out the convenient access it gives to large parts of southern and eastern England.

August 31, 2011 - 10:10am
Marquis Jet founder and former CEO Kenny Dichter resigned as vice chairman of th

NetJets lost some of its creative energy in July when Marquis Jet founder and former CEO Kenny Dichter resigned as vice chairman of the company.

July 28, 2011 - 8:30am

Britain’s Office of Fair Trading (OFT) has said that it will not continue to investigate a complaint made against NetJets Europe because it has insufficient resources to do so.

June 28, 2011 - 6:05am

Signature Flight Support and NetJets signed a long-term lease that will provide the fractional operator with a dedicated, private terminal at Palm Beach International Airport (PBI). The project, slated for completion in early 2013, will include a 10,000-sq-ft terminal as well as approximately six acres of paved ramp, aircraft movement and car parking areas.

May 15, 2011 - 10:00pm

Cambridge Airport owner the Marshall Group is looking to take its 18-month-old Marshall Business Aviation Centre (MBAC) to the next level by linking up with a big-name FBO group. The UK airport is courting prospective partners here at the EBACE show (Stand 780).

 
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