NetJets Unveils Private Financing

Berkshire Hathaway’s NetJets has unveiled NetJets Direct Financing, a new in-house option to pay for service on the company’s private jet fleet. Under the program, business owners can get a minimum of $100,000 in financing from NetJets Finance LLC with 20% down, a fixed interest rate and a term and amortization schedule that is based on the vintage of the aircraft and the contract length. The financing term is for up to five years, with an amortization schedule of 20 years, minus the age of the aircraft and a balloon payment at the end. The financing is not available for individual customers.