American fractional jet ownership pioneer in Berkshire Hathaway orbit
A Pacific Aerospace P750XL has crashed shortly after takeoff from Butler Memorial Airport, Missouri, on Sunday, June 14, killing the pilot and 11 passengers. Emergency crews have extinguished a post‑crash fire and the NTSB and FAA have opened an investigation. Officials say weather does not appear to be a factor.
A Cessna Latitude crashed on Loop 20 in Laredo, Texas, killing one person and injuring others as bystanders helped pull victims from the burning wreckage. The highway remains closed as investigators assess the scene and determine cause.
A NetJets-operated Cessna Citation Latitude crashed on a Texas highway near Laredo, killing one person and leaving others injured. The jet was en route from Los Cabos to Austin when it suffered mechanical issues, prompting an emergency landing and a fiery crash that halted traffic. Survivors are hospitalized in stable condition; investigations by NTSB and FAA have begun.
A NetJets Cessna Citation Latitude crashed on a highway near Laredo, Texas, killing one person and leaving several survivors, including two teenagers and two pilots. Good Samaritans and police rushed to aid those aboard as the fuselage broke across a barrier and fire engulfed the cabin.
Berkshire Hathaway has reduced its cash pile to $365.5 billion and heavily increased stock buybacks and equity purchases in Q2 under new CEO Greg Abel, signaling a shift in capital allocation while Buffett remains involved as chairman.
Berkshire Hathaway has increased its Alphabet stake to about 106 million shares—valued near $37.8 billion as of June 30—while expanding in Delta Air Lines and Lennar, and trimming holdings in several financial stocks. The shift comes under CEO Greg Abel, with Warren Buffett remaining involved but not dictating every move. The quarter also shows Berkshire’s cash pile declining as it deploys capital.