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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“I guess an airplane is pretty decadent, right? But if anyone has a problem with that, tell them to go f--k themselves, because I will live in that trailer [I own] in Alabama before I give up that f--kin’ airplane. That airplane is, hands down, the greatest luxury a human being could have. There’s nothing that f--king beats it. F--k a yacht. ”

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