“The thing to remember is that, for affluentials, money has become the tool with which to buy non-material things—space, time, health, fitness, and meaningful experiences. ”
NetJets Ends Middle East Fractionals Partnership
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.