Hints and tips:
...said there was already evidence Abel had made a difference to the dozens of subsidiaries within Berkshire’s manufacturing, services and retailing division, home to an eclectic range of businesses such as NetJets...
...However, the company’s fractional private jet ownership business NetJets reported a jump in demand from wealthy clients, and its auto dealerships reported rising sales of new vehicles....
...But this year, Abel — heir apparent to lead the $710bn conglomerate that includes the BNSF railroad, private jet operator NetJets and insurer Geico, as well as the other public and private groups Berkshire...
...So has NetJets, which has reported the highest demand for flying in its near 60-year history and is investing about $2.5bn in 100 new aircraft....
...Berkshire’s many operating companies, which include ice cream purveyor Dairy Queen, the Geico insurer, and private jets operator NetJets, nonetheless had a banner year....
...NetJets, the fractional jet-ownership company, the Marmon industrial unit and Berkshire’s automotive sales business also reported a strong uptick in demand....
...Blackstone’s thesis rests in part on soaring demand for private flights as the rich shun commercial journeys amid the pandemic (Signature’s biggest customer, Warren Buffett-owned NetJets, is enticing new...
...His sprawling conglomerate, which owns the jet rental business NetJets and car insurer Geico, had gone more than four years without one of the blockbuster acquisitions for which it became known....
...The company said its aircraft rental business NetJets and pilot training group FlightSafety had also recorded asset impairments and restructuring charges, weighing on their earnings during the quarter....
...NetJets suffered from lower demand while Clayton Homes, which makes and sells mobile homes, increased its provisions for loan losses related to the virus....
...Earnings figures at the company, which owns the BNSF railroad and private jet operator NetJets, have swung significantly since changes to the tax code required the company to begin marking gains and losses...
...Sales from its NetJets unit, which sells fractional ownership in aircraft, and electronic components distributor TTI, also climbed during the quarter....
...The sprawling conglomerate, which owns the Geico insurer, BNSF railroad and NetJets private jets businesses, last clinched a major acquisition in 2016 when it purchased aircraft parts maker Precision Castparts...
...Hathaway Energy, and Ajit Jain, the Omaha-based group’s reinsurance chief, was interpreted by investors as an endorsement of a future leader of the $500bn group that includes Fruit of the Loom, Geico, NetJets...
...Insurance is only one part of Mr Buffett’s sprawling conglomerate, which also owns utility companies, brands such as See’s Candies, NetJets and Dairy Queen and the railroad BNSF, but the poor underwriting...
...The sprawling empire Berkshire has amassed, which took its roots from a textile company established in the 1800s, now includes the likes of Dairy Queen, NetJets, Geico, Fruit of the Loom, Duracell, Lubrizol...
...Increasingly, he says, they come for shorter stays but more often, using private jet sharing and charter sites such as NetJets and JetSmarter to get the most out of their mountain homes....
...Sadly, there are no discounts on NetJets, the pay-per-flight private aircraft operator....
...Mr Forbes is chairman of Rightmove, the property website, and a former director of NetJets, a subsidiary of Warren Buffett’s Berkshire Hathaway....
...The territory in between has been a fertile ground for NetJets, the global leader in long-term fractional ownership....
...Mr Noe said he had left NetJets for a “can’t say no” opportunity....
...Although Warren Buffett uses Berkshire Hathaway aircraft for business travel, he also has a personal membership of NetJets, the pay-per-flight private jet operator that Berkshire owns, for all other trips...
...The logos of Spieth’s roster of other sponsors — AT&T, Rolex, Perfect Sense Digital, NetJets and SuperStroke Grips — are nowhere to be seen. For golf club maker Titleist, he wears a branded glove....
...She demurs when asked about China, where NetJets recently won the right to operate....
...NetJets China Business Aviation is a joint venture involving Warren Buffett’s NetJets Inc, Fung Investments of Hong Kong and Hony Capital, a Chinese private equity group....
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