“"Many years ago, our company founder, Al Conklin, sold a new twin-engine business aircraft to a very successful entrepreneur. He had established a bit of a rapport with the individual and, after the sale, asked him straight out, 'How can you justify the cost of this airplane?' His reply? 'What is the cost of a divorce?'"–David Wyndham, president, Conklin & de Decker”
NetJets Europe Launches Direct Financing Program
NetJets Europe has introduced the continent’s first direct financing product for fractional-jet-share buyers, providing them with rates that it says are comparable to those offered by major financial institutions. NetJets Europe Direct Finance, which the company said will “bridge the gap between lease and acquisition,” requires customers to provide a 25 percent down payment. Interest rates depend on the share size being purchased. Backed by Berkshire Hathaway, NetJets Europe represents a secure line of credit for the term of the five-year acquisition programs.