Tuesday, June 12, 2012

Warren Buffett’s Big Buy




AP tells us  that NetJets, which sells partial ownership interests in business jets, said Monday that it plans to spend up to $9.6 billion on as many as 425 new planes from Cessna and Bombardier.

CEO Jordan Hansell said the orders reflect that NetJets, which is owned by Warren Buffett's Berkshire Hathaway Inc., is "optimistic about the economy over the long term."  The deals are part of NetJets' 10-year plan for "refreshing" its fleet and keeping up with rapid developments…

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