November 6, 2024
Year Founded
1964
Headquarters
Columbus, OH
Leadership
Adam Johnson
Chairman & CEO
Alan Bobo
Chief Operating Officer
Patrick Gallagher
President, Sales, Marketing & Service
Pete Richards
Chief Financial Officer
Bradley Ferrell
Executive Vice President, Administrative Services
Bram Van Der Ploeg
Executive Vice President, Business Insights & Analysis
Doug Henneberry
Executive Vice President, Aircraft Asset Management
Warren Buffett
Chairman and Chief Executive, Berkshire Hathaway
Jet Card Hourly Rates
The NetJets One Card offers the Citation XLS from $9,000 per hour, including FET
Related Products
Fractional Ownership, Leasing, Aircraft Sales, VIP Security, plus Aircraft Management, On-demand charter, and Empty legs via Executive Jet Management
Related Companies
Berkshire Hathaway (parent), NetJets Europe, Executive Jet Management, QS Partners, QS Security
Columbus, Ohio-based NetJets is a subsidiary of Warren Buffett’s Berkshire Hathaway.
NetJets Inc. is the largest operator of private jets in the world.
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.
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.).
Until 2021, it branded its jet card under the Marquis Jet banner.
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.
About 50% of fractional and lease customers start with its jet card program.
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NetJets currently flies the Embraer Phenom 300, Textron Aviation Citation XLS, Citation Sovereign, Citation Latitude, Citation Longitude, Challenger 350, Challenger 650, Dassault Falcon 2000, Bombardier Global 5000, 5500, 6000, and 7500.
It has orders for Embraer’s Praetor 500 and the Citation Ascend, the follow-up to the XLS.
In total, it has options for nearly 2,000 new private jets from Textron Aviation, Embraer, and Bombardier.
Its Executive Jet Management arm offers aircraft management, jet cards, and on-demand charter.
In March 2021, it signed an MOU for 150 eVTOLs from Lilium.
It flies around 700,000 passengers and 37,000 pets annually.
Paid subscribers of Private Jet Card Comparisons can compare NetJets’ fractional, jet card, and lease programs against more than 80 providers, including a custom analysis based on their specific flying needs.
| 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 | Ultra Long Range | 26 |
| Bombardier Global 6000 | Ultra Long Range | 35 |
| Bombardier Global 7500 | Ultra Long Range | 15 |
| Embraer Praetor 500 | Midsize |
NetJets was founded in 1964. It entered the jet card space with its 2010 acquisition of Marquis Jet partners. Until 2021, it branded its jet card under the Marquis Jet banner. 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. About 50% of fractional and lease customers start with its jet card program.
Berkshire Hathaway
As of September 2024, NetJets had around 12,500 fractional, lease, and jet card customers. Over 10,200 were in North American. Over 2,200 are customers of NetJets Europe.
NetJets revenue is estimated between $6-8 billion per year. According to Berkshire Hathaway’s 2023 annual report, NetJets, Inc. has 8,349 employees.
Adam Johnson
Its fractional ownership fleet and off-fleet approximately 3% of the time via Executive Jet Management and vetted third-party charter operators.
In the U.S., the 25-hour jet card on the Phenom 300 is currently priced at $278,900. The NetJets One Card with 90 blackout days is priced at $225,000 on the Citation XLS. NetJets Europe entry-level jet card costs 212,000 Euros for 25 hours on a Phenom 300 or Citation XLS.
$11,196 per hour for a 25-hour jet card on the Phenom 300. For a 50-hour per year fractional share, the hourly rate for a Phenom 300 is $8,596, including the acquisition cost, assuming a 50% repurchase price, monthly management fee, occupied hourly cost, and fuel cost. The One Card on the Citation XLS offers NetJets lowest jet card price at $9,000 per hour.
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