Columbus-based NetJets is a subsidiary of Warren Buffett’s Berkshire Hathaway. The inventor of the private jet fractional ownership concept, founder Richard Santulli sold the company to Berkshire Hathaway in 1998 for $725 million (Review private jet fractional and membership company M&A activity with our PRIVATE AVIATION DEAL BOOK.). The company’s offerings include private travel solutions from fractional ownership and leasing to the Marquis Jet Card. About 50% of fractional and lease customers start with its jet card program. Its Executive Jet Management arm offers aircraft management and charter. NetJets Inc. is the largest operator of private jets in the world.
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NetJets Inc. is the worldwide leader in private aviation with the largest and most diverse private jet fleet in the world. Established in 1964 as the world’s first private jet charter and management company, NetJets has been at the forefront of consumer trends and innovation since its inception.
In 1986, the company pioneered the sharing economy with the concept of fractional aircraft ownership—inspiring future businesses like Uber. Today, NetJets is positioned for continued growth, offering a full range of private aviation solutions that serve the needs of high net worth individuals and businesses. Those services include fractional share ownership, leasing, and jet cards through businesses bearing the NetJets, Executive Jet Management, and Marquis Jet Card service brands in North America and Europe.
Influenced by the wisdom of Berkshire Hathaway, NetJets doesn’t view innovation as a single, massive initiative. Instead, the company seeks intentional, incremental innovation designed for long-term growth, and not short-term wins. That’s how NetJets has been able to scale from one aircraft to more than 700 in its fleet without its Owners sacrificing nimble service. While other private airlines have come and gone, this approach has allowed NetJets to remain the preeminent private aviation solution for more than 50 years.
But NetJets isn’t a solution for all travelers. While other companies seek to democratize private aviation, NetJets is in a category all its own. With an unyielding focus on safety and service, NetJets charges a premium worthy of the investment. The company can scale its business without sacrificing operational excellence, and it has an exemplary safety record—not by chance, but by design. Recommended by Fortune 500 CEOs, A-list celebrities, and world-class athletes, NetJets’ service meets and exceeds the incredible needs and high standards of the world’s most notable travelers—all of whom depend on NetJets to make the impossible, possible.
For more information on NetJets customer programs and services, please visit netjets.com.
When was it founded?
Who owns NetJets?
Who is the CEO?
How are aircraft sourced?
Its fractional ownership fleet
What are the initiation and membership fees?
There are no initiation and membership fees for its Marquis Jet jet card programs.
What is the entry-level program?
Jet cards start at 25 hours with the entry-level Embraer Phenom 300 Marquis Jet Elite Card at $168,500 under its Elite Card. It also offers the Citation Excel/XLS, Sovereign, Latitude, Challenger 350, Challenger 650, and Gulfstream GIVSP.
Do Marquis Jet cards provide guaranteed availability?
Yes, with exceptions
Is the hourly rate guaranteed?
What is the company website?
Where is NetJets’s headquarters?