Chad is the editor of AINalerts, AIN's daily business aviation newsletter, and is also the news editor at AIN Media Group.&nbsp;He has been writing about aviation, with an emphasis on business aviation, since 1994. Chad started his writing career at The Avion,&nbsp;the&nbsp;student newspaper at Embry-Riddle Aeronautical University in Daytona Beach, Florida, serving as editor-in-chief before graduating with a bachelor's in aeronautical science. After a stint as managing editor at Professional Pilot&nbsp;magazine, he joined&nbsp;AIN in late 1998. Chad holds a commercial pilot certificated with instrument and multi-engine ratings, and he also is a CFI/CFII. He lives and works from his home in Venice, Florida.

Online Editor

Chad Trautvetter

FlightSafety International is an aviation training provider with global reach. They offer comprehensive programs for pilots, maintenance technicians, cabin crew, and dispatchers. Their state-of-the-art training centers and experienced instructors ensure top-notch training, adhering to strict standards, and promoting safety and proficiency in the industry.

NetJets drove much of the $1.2 billion increase in revenues in the first half of 2023 at Berkshire Hathaway’s services group, the parent company said this week. Revenues from aviation services, which also include income at FlightSafety International, soared 8.2 percent in the second quarter and 13.2 percent in the first half of the year versus comparable periods in 2022, according to Berkshire.
These higher revenues were “primarily due to increases in the number of aircraft in shared aircraft ownership programs and in-flight hours across NetJets’ various programs, as well as higher average rates,” Berkshire said. Overall, the services group—which also includes electronics-components distributor TTI, Cort Furniture, and Dairy Queen—reported $10.5 billion in revenues in the first six months of the year.
First-half pretax earnings at the services group also climbed by $181 million from a year ago, to $1.66 billion. This jump was mostly “attributable to higher overall margin rates in aviation services businesses, primarily due to a 17 percent year-to-date increase in average aircraft in the NetJets programs,” the parent company noted.

News and issues concerning the aviation charter and fractional-ownership industries and markets, including company announcements, regulations, new developments and labor issues.

NetJets, FlightSafety International Revenues Climb 13.2% in First Half

Earnings also soared by $181M in period

NetJets drove much of the $1.2 billion increase in first-half revenues of $10.5 billion at Berkshire Hathaway’s services group.

NetJets, FlightSafety Revenues Climb 13.2% in 1H

2024 Corporate Aviation Leadership Summit

Charles Alcock

News and developments about airplanes, helicopters and unmanned air vehicles used in all varieties of operations, including airlines, military, business, commercial, general aviation and private.

News and issues relating to business, corporate and private aviation, primarily regarding turbine-engine-powered airplanes and helicopters. Subjects include aircraft, engines, maintenance, operations, personnel, acquisitions, accidents, safety, security, and training.

German charter start-up intends to operate a fleet of 40 jets

Luminair Takes Delivery of First of Three Falcon 900LXs

Curt Epstein

Cirrus Aviation Services operates nearly 30 jets across the entire spectrum

Las Vegas Charter Operator Expands to Dallas Metroplex

Kerry Lynch

GJP completed Omni Air Transport Buy

George J. Priester Closes on First of Two Acquisitions

Customers can now fly aboard the G700 without waiting years for order backlogs to clear.

Flexjet Adds Three Gulfstream G700 Ultra-Long-Range Business Jets to Its Fleet

Amy Wilder

Company traces journey from Wichita roots to national reach

Airshare Highlights Growth at 25-Year Milestone

Matt Thurber

Ultra-long-range jets will operate under company's Red Label program

Flexjet Launches Ultra-performance Service with 3 G700s

Issues regarding financing of aircraft; aviation insurance; tax issues for aircraft operators; new companies and people in the aviation financing and insurance industries.

In this article

NetJets

FlightSafety International

More In Charter & Fractional

Luminair Takes Delivery of First of Three Falcon 900LXs

German charter start-up intends to operate a fleet of 40 jets

Las Vegas Charter Operator Expands to Dallas Metroplex

Cirrus Aviation Services operates nearly 30 jets across the entire spectrum

George J. Priester Closes on First of Two Acquisitions

GJP completed Omni Air Transport Buy

Flexjet Adds Three Gulfstream G700 Ultra-Long-Range Business Jets to Its Fleet

Customers can now fly aboard the G700 without waiting years for order backlogs to clear.

Airshare Highlights Growth at 25-Year Milestone

Company traces journey from Wichita roots to national reach

Flexjet Launches Ultra-performance Service with 3 G700s

Ultra-long-range jets will operate under company's Red Label program

AirX Bond Raises €115 Million To Fund Fleet Expansion

Malta-based operator wants to add up to 50 more aircraft to its fleet

Jet Access Creates Independent Broker Platform

Platform is similar to those used by real estate, insurance, and other industries

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