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Lufthansa to set up executive jet fleet

10 December 2007

Lufthansa, the German flag carrier, is to become the first European airline to set up its own fleet of business jets to augment the services offered to its most lucrative premium customers.

The group has been testing the market for executive jet services for the past three years in a co-operation deal with NetJets Europe, the leading operator of business jets in Europe and part of Warren Buffett’s Berkshire Hathaway.

However, NetJets, which specialises in fractional ownership and card membership schemes for private jets, has decided to terminate the deal, as the venture has developed differently to that which was first envisaged and there have been disagreements over pricing and aircraft availability.

source: FT.com

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