October 30, 2024
A Citation Latitude from Textron Aviation was the 50th new aircraft delivered to NetJets this year representing a $1.3 billion expenditure.
NetJets has received its 50th new from factory private jet in 2024.
According to a senior executive, the new aircraft are valued at around $1.3 billion.
The world’s largest private jet flight provider announced the news via social media.
On LinkedIn, the Berkshire Hathaway unit said, “NetJets is celebrating the 50th factory-new aircraft delivery into our fleet for 2024: an ever-popular Citation Latitude. This milestone solidifies our commitment to meeting—and exceeding—the travel needs of our Owners.”
President Pat Gallagher added, “The finest fleet keeps getting better! Proud to welcome our 50th brand-new aircraft of the year, pushing the value of NetJets’ 2024 deliveries to ~ $1.3b and counting. With each new addition, we’re increasing Owner access to top-of-the-line Jets and widening our ‘moat.’ Only NetJets!”
In its monthly fleet update, NetJets reported having 226 Textron super-midsize jets, the largest type in its fleet.
That’s an increase of three since its September update.
The October fleet count also shows seven more Phenom 300s, giving it 144, the second largest type.
NetJets also added three Longitudes, a trio of Global 7500s, and a pair of Challenger 650s.
| Aircraft | Size | Number in Fleet |
|---|---|---|
| Embraer Phenom 300 | Light | 144 |
| Cessna Citation XLS | Midsize | 70 |
| Cessna Citation Sovereign | Super Midsize | 32 |
| Cessna Citation Latitude | Super Midsize | 226 |
| Bombardier Challenger 350 | Super Midsize | 88 |
| Cessna Citation Longitude | Super Midsize | 68 |
| Large | 12 | |
| Bombardier Challenger 650 | Large | 52 |
| Bombardier Global 5000/5500 | Ultra Long Range | 26 |
| Bombardier Global 6000 | Ultra Long Range | 35 |
| Bombardier Global 7500 | Ultra Long Range | 15 |
| Embraer Praetor 500 | Midsize |
It now operates 76 of Bombardier’s ultra-long-range Global jets, the most in the world.
Its fleet of Sovereigns dipped to 32 from 34.
According to the company, over 40% of its fleet is under five years old.
Per ARGUS TraqPak, NetJets, including its Executive Jet Management charter arm, chalked up an 8.8% increase in flight hours during the first half of 2024.
The 28,926-hour gain would have ranked it as sixth on the list.
It currently has over 10,200 fractional owners and jet card customers in the U.S. and more than 2,200 customers in Europe.
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