Originally Posted by
ExtendedDays
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.
Actually, we do know how much debt NJA is carrying right now: ZERO.
Every dollar Berkshire loaned NJA after the meltdown has been paid back, with interest. The ENTIRE $725 million purchase price has been paid back. NJA has never been more profitable.
That's not my opinion. That is information publicly disclosed this past year by NJA leadership.
Exactly how profitable is harder to define because NJA financials are lumped into Berkshire's "Services Division" which comprise the numbers from NJA, FlightSafety and several other entities in order to cloud the exact profitability of each entity from interested parties. Say, labor unions trying to extract greater compensation.
It's a good time to be Uncle Warren. Then again, that hasn't changed much in a long time...