NetJets

Higher revenue from aviation operations boosted earnings for Berkshire Hathaway.

The labor group says its vice president and strategy chairman were allegedly fired in early August.

NetJets boasts the largest fractional-ownership fleet in the world.

Under the extension, NBAA members operating small aircraft will be able to take advantage of cost-sharing benefits of the fractional-ownership business model until March 31, 2026.

The high-profile protest is designed to apply pressure to NetJets parent company Berkshire Hathaway.

On Wednesday. Textron Aviation and NetJets announced the terms of a record-breaking deal between the longstanding partner companies for the purchase of up to 1,500 Citation jets. NetJets will also serve as the launch partner for the Citation Ascend, announced at the National Business Aviation Association’s European Business Aviation Convention and Expo in May.

Some pilots are seeking outside resources to compensate for the shortcomings in their instruction, according to union leadership.

The transaction is estimated to be valued up to $5 billion with deliveries expected to begin in 2025.

NetJets will operate a fleet of 24 Global 8000 aircraft, which includes the new firm order for four Global 8000 jets, eight conversions of Bombardier aircraft previously ordered, and aircraft already on order or in service.

The deal to take Flexjet public through a SPAC IPO is valued at $3.1 billion, which the company says is nearly 11 times the $288 million adjusted earnings expected for 2022.