It seems that luxury really is immune to a slowing economy, despite all the debates for and against this notion. If not, you would never know it if you read about NetJets. This is a fractional ownership plan operation of private jets that owned by none other than Warren Buffett's Berkshire Hathaway Inc. (NYSE: BRK.A) (NYSE: BRK.B) The fractional private jet owner has announced an expansion plan.
While fractional ownership may be a luxury to the "nth degree," it often does actually make sense for many. When millions (or billions) of dollars are on the line, it gets pretty simple to justify the expense. Private equity executives and employees
Not only is NetJets expanding, it's expanding in Ohio where it has 2,022 employees along with Flight Safety International. It has decided to not only keep its NetJets campus in Columbus, Ohio, it has decided to invest more than $200 million to build a campus there that will create an additional 810 jobs there.
Isn't Ohio one of the top foreclosure states? It sounds like there might at least be 810 more houses that won't get foreclosed on around Columbus, Ohio.
Warren Buffet & Berkshire Hathaway boost NetJets investment... in Ohio
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