NetJets Ends Middle East Fractionals Partnership

Wednesday, November 9, 2011 - 10:45am

NetJets has ended its franchise agreement for fractional-jet-share services with National Air Services (NAS) of Saudi Arabia, which has been known as NetJets Middle East. The companies had renewed a three-year joint-venture agreement in November 2009, and it’s unclear why NetJets opted to cancel the deal prematurely.  The fractional provider, a division of Warren Buffett’s Berkshire Hathaway, said it will provide alternative solutions to its shareowners who need to fly in this region. 

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“When you get into the larger aircraft it becomes like a hotel, with dozens of staff supporting the plane based in a galley area down below. You have very comprehensive cooking facilities, and on larger aircraft we have looked at theatres, with spiral staircases and a Steinway grand piano. The limitations for what you can put inside a plane are pretty much the limits of physics, and even money cannot always overcome that. Even so, people are still always trying to push [the limits]. ”

-Howard Guy of Design Q, a UK-based consultancy