NetJets

NetJets Executive Overview

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.

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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.

COMPARE NETJETS TO OVER 80 FRACTIONAL AND JET CARD PROVIDERS. JOIN PRIVATE JET CARD COMPARISONS AND RECEIVE A FREE CUSTOM ANALYSIS BASED ON YOUR UNIQUE FLYING NEEDS. LEARN MORE HERE.

Flying

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.

Cayman Cookout

NetJets Fleet (as of Oct. 2024)

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 Fast Facts

When was NetJets founded?

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.

Who owns NetJets?

Berkshire Hathaway

How many customers does NetJets have?

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.

What are the annual revenues for NetJets?

NetJets revenue is estimated between $6-8 billion per year. According to Berkshire Hathaway’s 2023 annual report, NetJets, Inc. has 8,349 employees.

Who is the CEO of NetJets?

Adam Johnson

How does NetJets source private jets?

Its fractional ownership fleet and off-fleet approximately 3% of the time via Executive Jet Management and vetted third-party charter operators.

How much does NetJets private jet programs cost?

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.

What type of pricing does NetJets offer?

$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.

What is NetJets's website?

NetJets Praetor 500

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