Charter & Fractional
Buffett gives highs and lows of his bizav units
Insight into the competitive performances of FlightSafety International and Executive Jet can be found in a candid and personal letter by Berkshire Hathawa

Insight into the competitive performances of FlightSafety International and Executive Jet can be found in a candid and personal letter by Berkshire Hathaway CEO Warren Buffett to shareholders in his company. In the midst of the financial data, he singles out the leaders of these two divisions, Al Ueltschi and Richard Santulli.

Revenues from FSI and EJ last year increased $284 million, or 12.4 percent over 2000. About 83 percent of the increase in revenues was attributed to Executive Jet, which produced “significant increases” in revenues from both flight operations and aircraft sales, according to Buffett. Revenues from FlightSafety also increased, approximately 7.7 percent last year compared with 2000, reflecting both increased training revenues and product (simulator) sales.

Loading…