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Tuesday, September 23, 2014

CORRECTED-NetJets wins approval to launch China service, (NYSE: BRK-A), (NYSE: BRK-B)

NetJets Inc, the private aircraft charter company owned by Warren Buffett's Berkshire Hathaway Inc, said on Tuesday that it had acquired approval to launch its aircraft charter service in China.The company has been working with Chinese authorities since 2012 to secure the operating certificate, chief executive Jordan Hansell said in a statement.NetJets will initially offer private plane charter service, with future plans to expand into private aircraft management, said Chris Herbert, a spokeswoman.Longer term, the company could offer the same kind of "fractional" ownership of private planes that it now offers in the United States, Herbert added, but that would require a separate approval from the Chinese government.

Berkshire Hathaway Inc. (Berkshire) is a holding company owning subsidiaries engaged in a number of diverse business activities. Shares of BRK-A fell by 0.22% or $-455.0/share to $208445.00. In the past year, the shares have traded as low as $163038.00 and as high as $213612.00. On average, 278 shares of BRK-A exchange hands on a given day and today's volume is recorded at 270.

Berkshire Hathaway Inc. (Berkshire) is a holding company owning subsidiaries engaged in a number of diverse business activities. Shares of BRK-B fell by 0.34% or $-0.48/share to $138.78. In the past year, the shares have traded as low as $108.12 and as high as $142.45. On average, 2868870 shares of BRK-B exchange hands on a given day and today's volume is recorded at 2767879.



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