![]() 25-hour leases start at $10,205 per hour based on a 3-year contract. What is the entry-level program? Jet cards start at 25 hours with the entry-level Embraer Phenom 300. What are the initiation and membership fees? There are no initiation and membership fees for its jet card programs NetJets Fleet Size by Aircraft Type (as of June 2023) Aircraft Its fractional ownership fleet and off-fleet approximately 3% of the time via Executive Jet Management and vetted third-party charter operators. In 1987 then CEO Richard Santulli launched the first fractional ownership program for private jets and renamed the company as NetJets. ![]() When was it founded? The predecessor company of NetJets, Executive Jet Aviation, was founded in1964. NetJets is included in the Private Jet Card Comparisons’ database of over 50 jet card and fractional ownership providers, enabling you to compare programs in minutes. In March 2021, it signed an MOU for 150 eVTOLs from Lilium. NetJets currently flies the Embraer Phenom 300, Textron Aviation Citation XLS, Citation Sovereign, Citation Latitude, Citation Longitude, Gulfstream 450, Challenger 350, Challenger 650, Global 5000, 5500, 6000, and 7500. About 50% of fractional and lease customers start with its jet card program. Today, the company’s offerings include private travel solutions from fractional ownership and leasing to an extensive line-up of jet cards and whole aircraft sales. Until 2021, it branded its jet card under the Marquis Jet banner. ![]() NetJets then entered the jet card space with its 2010 acquisition of Marquis Jet partners (Review private jet fractional and membership company M&A activity with our PRIVATE AVIATION DEAL BOOK.). The company has over 11,000 fractional owner and jet card clients, with over 8,400 customers in North America and nearly 3,000 clients in Europe. It flies around 700,000 passengers and 37,000 pets annually. Its Executive Jet Management arm offers aircraft management, jet cards, and on-demand charter. It is the inventor of the fractional private jet ownership concept by founder and former chairman Richard Santulli who sold the company to Berkshire Hathaway in 1998 for $725 million. is the largest private jet operator in both the U.S. Phenom 300 from $11,156 per hour, including FETįractional Ownership, Leasing, Aircraft Sales, VIP Security, plus Aircraft Management, On-demand charter, and Empty legs via Executive Jet Managementīerkshire Hathaway (parent), NetJets Europe, Executive Jet Management, QS Partners, QS SecurityĬolumbus, Ohio-based NetJets is a subsidiary of Warren Buffett’s Berkshire Hathaway. Warren Buffett Chairman and Chief Executive, Berkshire Hathaway Patrick Gallagher, President, Sales, Marketing & Serviceīradley Ferrell, Executive Vice President, Administrative Servicesīram Van Der Ploeg, Executive Vice President, Business Insights & Analysisĭoug Henneberry, Executive Vice President, Aircraft Asset Management Private Jet Card Comparisons In the News.Private Jet Industry Breaking News and Analysis.Lowest Private Jet Charter costs compared for the most popular routes.Fractional Aircraft Ownership Comparisons by Company.The Ultimate Restaurant Guide for Private Jet Travelers.Private Jet Safety: Key Questions to Ask.Private Jet Charter: How to rent a private jet.Things to Consider Before Buying a Private Jet Card.Private Jet Fractional Ownership and Leases – A Complete Guide.Private Jet Charter – Frequently Asked Questions.Frequently Asked Questions about Jet Cards.
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