Buffett’s NetJets To Buy 20 Supersonic Luxury Planes From Aerion

Buffett’s NetJets To Buy 20 Supersonic Luxury Planes From Aerion

NetJets, the private-plane unit of Warren Buffett’s Berkshire Hathaway Inc., signed purchase rights for 20 supersonic business aircraft from Aerion, a startup founded by Texas billionaire Robert Bass and backed by Boeing Co.

The deal lifts the backlog of orders for AS2 jets awaiting manufacture to more than $10 billion, with production set to begin in 2023 in Melbourne, Florida, according to a statement Wednesday from Aerion and NetJets. Aerion has sold 90 of the planes in total and is targeting 2027 for the first delivery, a company spokesman said.

bloomberg

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