NetJets, FlightSafety Flying High

BJT Waypoints
Warren Buffet, CEO of Berkshire Hathaway
Thursday, November 17, 2011 - 11:30pm

Third-quarter pretax earnings at Berkshire Hathaway’s “other services” division, which includes FlightSafety International and NetJets, climbed 15 percent from the same quarter last year, to $281 million. The increase reflects stronger demand for pilot training at FlightSafety and, at Netjets, higher revenues, more favorable foreign currency exchange rates and slightly better operating margins. Berkshire noted that FlightSafety’s earnings rose primarily because of increased training demand in the business aviation and regional airline markets.

 

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“ While it may be tempting to use broad generalizations about the way business aircraft are most often used in America today, let’s not neglect the importance of business aviation as a crucial competitive asset to companies, an economic driver and lifeline to communities large and small. ”

-Ed Bolen, President of the National Business Aviation Association