Tuesday, January 15, 2008

NetJets is soaring success for Buffett

Investment guru Warren Buffett is bringing forward plans to expand his NetJets Europe venture, investing £400m to add 39 business jets to a fleet of 174.

He has accelerated plans to meet soaring demand in Britain for private jets as business travellers shun security delays and congestion on scheduled flights.

Buffett is expected to announce tomorrow that NetJets Europe, which has its headquarters in South Kensington, west London, chalked up 73,622 flights last year - more than 200 a day - a rise of more than 17% on 2006.

Full Article

No comments: