NetJets could fly to profit in 2010 as companies spend more

11/10/2009 | Bloomberg

Despite losing more than $500 million in the first nine months of 2009, NetJets Inc. will likely return to profit in 2010 as corporations spend more on transportation and companies steer away from private ownership of aircraft, according to its owner, Warren Buffet's Berkshire Hathaway Inc. Analysts agreed that U.S. firms may turn to NetJets fractional jet ownership as the economy recovers, because, as one said, "it's seen as less piggish."

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