NetJets Inc. to lay off 495 pilots nationwide

COLUMBUS, Ohio (AP) - Private air service NetJets Inc., unit of Warren Buffett's Berkshire Hathaway Inc, says it will lay off up to 495 pilots nationwide because of a drop in demand.

The decision announced Thursday was based on a review of current and projected flight demand, said David Sokol, CEO of NetJets, which caters to companies and business executives.

The layoffs will take effect Jan. 15.

NetJets employs more than 3,000 pilots worldwide, with most of them in the U.S. It is headquartered in Columbus, Ohio, and also has operations in New Jersey and South Carolina.

(This version DELETES incorrect reference to NetJets being a charter service)