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Berkshire Hathaway's (BRK.A, BRK.B) NetJets places $9.6B in purchase orders with Bombardier...

Monday, June 11, 2012, 6:10 PM ET
Berkshire Hathaway's (BRK.A, BRK.B) NetJets places $9.6B in purchase orders with Bombardier (BDRAF.PK, BDRBF.PK) and Cessna (TXT) for 425 new aircraft, in a deal NetJets calls the largest private aviation order in history. NetJets CEO Jordan Hansell is betting on a rebound in luxury flights after predecessor David Sokol cut the size of the fleet to cope with lower demand.

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This news story has 2 comments:

Ray Lopez Comments (1352)

Buffett has been making bullish bets on America (railroads, for a rebound in energy prices and the economy, and last year and this on luxury travel, which also presupposes an economic rebound) for quite some time. I hope the old man has not lost his touch.

11 Jun 2012, 08:38 PM Reply Like

docklc Comments (52)

Let's hope so, Ray. We could all use a boost.

11 Jun 2012, 11:05 PM Reply Like

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