Charter & Fractional
Buffett unfazed by a soft year for NetJets and FSI
As he does every year in his annual report, Berkshire Hathaway CEO Warren Buffett gave his frank and folksy description of how his company’s many holdings

As he does every year in his annual report, Berkshire Hathaway CEO Warren Buffett gave his frank and folksy description of how his company’s many holdings performed in the previous year, including FlightSafety International and NetJets.

Earnings last year from flight services increased, but only because the company realized a special pre-tax gain of $60 million from the sale of its 50-percent interest in FlightSafety Boeing. Without this gain, earnings at FlightSafety International would have fallen “slightly” in concert with the slowdown in business-aviation activity, Buffett said. But he praised the business, saying FlightSafety continues to be the “gold standard” for the aviation-training industry, “and we expect growth in the years to come.”

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