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

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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Comments (2)
  • Ray Lopez
    , contributor
    Comments (1530) | Send Message
     
    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
    , contributor
    Comments (55) | Send Message
     
    Let's hope so, Ray. We could all use a boost.
    11 Jun 2012, 11:05 PM Reply Like
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