Writer

Amy Wilder

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.

Berkshire Hathaway’s aviation services businesses—NetJets and FlightSafety International—generated 11.8% year-over-year revenue growth in the first quarter, the conglomerate <a href="https://www.berkshirehathaway.com/qtrly/1stqtr26.pdf">reported</a>&nbsp;on Saturday.&nbsp;This increase was primarily due to the higher number of aircraft in shared ownership programs, and in-flight hours flown and higher average rates, at NetJets, according to Berkshire Hathaway’s latest earnings report.
“The increase in demand, in part, was attributed to customers responding to potential further price increases and supply chain concerns,” the report notes, “including extended inventory order lead times,” alluding to 12- to 36-month lead times for new-production business aircraft.
Aviation services contributed to the overall services group’s $941 million revenue increase in the quarter, though electronics distributor TTI was the primary driver with 26.2% growth. The services group—which also includes Dairy Queen and Business Wire—generated $6.43 billion in revenue in the first quarter, up from $5.49 billion in the same period a year ago.&nbsp;Services group pre-tax earnings increased $137 million (21.1%) YOY in the first quarter, reaching $785 million.
The earnings increase from aviation services was attributable to increased revenues, partially offset by higher flight crew and instructor costs, and higher maintenance, fuel, subcontract, and other variable costs. Aviation services contributed to the earnings increase but to a lesser extent than TTI, according to the report.

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

NetJets and FlightSafety Report 11.8% Revenue Growth in First Quarter 2026

Increased aircraft ownership and flight hours drove gains

NetJets and FlightSafety drove revenue growth at Berkshire Hathaway’s service group in Q1 2026 despite higher crew, maintenance, and fuel costs.

NetJets, FlightSafety See 11.8% Revenue Growth in Q1

2024 Corporate Aviation Leadership Summit

Matt Thurber

News and issues concerning general aviation, specifically airplanes and helicopters powered by piston and alternative engines (i.e., non-turbine powered aircraft). Subjects include aircraft, engines, personnel, acquisitions, accidents, safety, security and training.

Goal is to make the process similar to buying car coverage

ForeFlight Launches Aircraft Insurance Marketplace

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.

North America up 6.6% year over year, while Europe climbs 4.9%

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Neelam Mathews

News about bills, laws, regulations and other governmental decisions affecting aviation and aerospace. Topics include FAA re-authorizations, taxes on fuel and aviation activities, environmental legislation, ICAO decisions, governmental mediation of labor conflicts and World Trade Organization disputes and decisions.

New options for operating leases are starting to become more common

India’s Aircraft Leasing Sector Gets More User-friendly

Charles Alcock

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

In this article

NetJets

FlightSafety International

More In Finance, Taxes, Insurance

ForeFlight Launches Aircraft Insurance Marketplace

Goal is to make the process similar to buying car coverage

Global Bizav Activity Climbs 6.5% YOY in March

North America up 6.6% year over year, while Europe climbs 4.9%

India’s Aircraft Leasing Sector Gets More User-friendly

New options for operating leases are starting to become more common

Indemnity Insurer Calls for Clearer Charter Contracts

Charter contracts can be unclear over who gets paid what and how

Governor Signs Washington State Luxury Tax Repeal

Replacement bill includes a rise in fuel taxes of 7 cents per gallon

Vertical Raises Further $50 million For eVTOL Aircraft

UK company says it potentially has access to up to $850 million in additional funds

Ricci Views Private Equity Capital as Industry Problem

The industry leader spoke at NBAA’s Schedulers & Dispatchers Conference this week

Washington State Bill To Repeal Aircraft Luxury Tax

Last year’s law would have imposed a 10% fee on transactions

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