Yacan, you are correct. However it appears that he still had to pay some 6,7 billion in garantees in the last quarter in 08 alone to backup this deal. If there are 5 more quarters like that in the coming 2 years he is running quickly out of cash.....
VORTIME, the connection is the credit rating and therefore the ability to be able to get loans at reasonable rates, so if Berkshire gets into trouble, NetJets is feeling it as well because the whole show will cost them a whole lot more.....
Thanks for your replies ! Any more views, maybe actual facts what's happening at NJ now?