Summary

  • NetJets is the world’s first private aircraft management company, offering fractional ownership, charter, and management services.
  • With over 800 aircraft in its diverse fleet, NetJets is the market leader in private aviation, catering to customers’ needs.
  • The company is committed to safety, service, and global access, and offers competitive pricing and customizable programs.

NetJets Inc. is a private aircraft management company specializing in sales of fractional ownership shares in business jets. The American company was founded as Executive Jet Airways in 1964 and launched its fractional ownership business in the span of two decades. NetJets became the world’s first private aircraft management company. In 1998, it became a subsidiary of Berkshire Hathaway, under the management of Chairman and CEO Warren Buffett.

NetJets’ dominance in the private aviation market

  • Current fleet: Over 800 aircraft
  • Types: Light, mid-sized, super-midsize, large, and ultra-long-range
  • Fleet expansion plan: More than 175 new aircraft between 2022 and 2025
  • Future diversity plan: Electric Vertical Takeoff and Landing (e-VTOL) aircraft

NetJets focuses on providing a lasting experience to its customers through its diverse charter offerings, aircraft management services, and fractional ownership sales. The company is the market leader in terms of the number of aircraft, type of aircraft, and the range of private aircraft services. It offers jets in a very light category to large and ultra-long ranges.

Related

NetJets Announces The Purchase Of Over 200 Bombardier Business Jets

The initial order was placed last December.

According to NetJets,

“NetJets operates the largest, most diverse private aircraft fleet in the world and offers a full range of personalized private aviation solutions to meet—and exceed—the high standards of the world’s most discerning travelers. Our industry-leading scale and aviation business model offer our Owners dependable financial sustainability unlike any other in the industry. We are proud to be a Berkshire Hathaway company, known for our unwavering commitment to safety, service, and unmatched global access.”

NetJets has gained dominance in the private aviation market through the variety of services it provides. Private aircraft sales, management, and charter services are catered to the specific customer’s needs. Selling fractions of specific corporate jets minimizes capital costs for owners (translating into lower risks) and guarantees aircraft access when needed.

VistaJet Bombardier Global 7500

Photo: VistaJet

Fractional owners can select their contract based on the 50 to 400-hour annual usage of the aircraft. One of the unique privileges that NetJets customers enjoy is the availability of jets that can cater to almost all kinds of missions. Customers have guaranteed access to aircraft with as little as four hours’ notice, enabling a high level of flexibility. If the desired aircraft is not available, fractional owners can pick from a wide range of similar-sized or larger aircraft for their use.

Fractional owners pay monthly maintenance fees based on a 50-hour monthly use over the course of a five-year commitment, as well as hourly operating fees. Customers who require less than 50 hours of yearly flying can purchase flight hours in 25-hour increments through NetJets jet card programs.

Related

Mass Exodus: 40% Of NetJets Pilots Want To Leave Within One Year

Pilots have been locked in contract negotiations but to no avail.

A true versatility in the available jet options

  • Light Jets | Up to 6 passengers | Embraer Phenom 300/E
  • Midsize Jets | Up to 8 passengers | Embraer Praetor, Cessna Citation Latitude/Sovereign/Ascend//XLS
  • Super-Midsized Jets | Up to 8 passengers | Cessna Citation Longitude, Bombardier Challenger 350/350
  • Large Jets | Up to 11 passengers | Bombardier Challenger 650
  • Long Range Jets | Up to 14 passengers | Bombardier Global 5500/6000/7500

NetJets operates a range of Cessna Citation, Bombardier Global, Embraer, and Gulfstream Aerospace jets. These jets range in size and specification, enabling customers to select from the vary based on their needs. When it is an acquisition through ownership, lease, or a charter through the NetJets card program, the manufacturer strives to keep its fleet current, modern, and readily available.

Competent pricing

NetJets claims that it offers its customers some of the most reasonable business jet sales, partial sales, and charter rates. Moreover, customers with an interest in various private aircraft management and maintenance solutions are also catered to. According to NetJets,

“Only NetJets provides tailored programs with truly transparent pricing—all backed by a proven business model and decades of operational excellence. That, along with prioritizing your safety above all else, is where NetJets’s immeasurable value lies.”

“NetJets solutions start at approximately $225,000. Of course, the cost of flying with a worldwide leader depends upon the hours purchased and the program and aircraft chosen. To ensure you find your ideal way to travel, our programs are also customizable, each with distinct advantages and clear costs.”

Related

What Airplanes Does Warren Buffett’s Private Jet Business NetJets Own?

NetJets has over 700 aircraft in its fleet.

What are your thoughts on NetJets’ dominance in the private aviation market? Have you been lucky enough to grab yourself an entry into large private jet companies? Share your views in the comments section.

Leave a Reply

Your email address will not be published. Required fields are marked *