NetJets acquires Executive Jet (1998)
Berkshire Hathaway acquired Executive Jet, the operator of the NetJets fractional ownership program. The deal gave NetJets the capital to expand globally and dominate the fractional jet market.
NetJets became the largest fractional jet operator in the world, with a fleet of hundreds of aircraft.
The acquisition established NetJets as the benchmark for scale in private aviation, a position it still holds.
Shows how a single acquisition can transform a private aviation company into a market leader.
