Originally Posted by
AirBear
NJA is not a separate company, just a part of a much bigger company. So their detailed results are not public. Usually Berkshire Hathaway mentions how they've done in the yearly report.
Anyone remember Avantair? They went Chapter 7 and had so many outstanding liens on their aircraft the owners got little to nothing back on the shares they had purchased. That was a very strong incentive to pay the extra $$ for NetJets due to our backing by BH.
https://www.sherpareport.com/aircraf...ankruptcy.html
NetJets is an entity. There are dozens of large companies and operations tied to BH. I guarantee you there is a PNL for each that very explicitly lays out the financials and that would include NJA.
Nobody knows what the "backing" of BH means. And if there is legit backing, that means that NJA isn't financially solvent. What that also means is that when that "backing" goes away, NJA could easily become another statistic. It doesn't matter if owners get to own their quarter share after NJA goes away or not. The monumental undertaking of liquidating and handling the thousands of shares spread across 400+ aircraft would tie up your money for a decade.
There is no reason to believe that NJA isn't doing really well right now. Everyone is, but nobody nows how much debt is carried and what these profits really look like.