December 1, 2023
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
Phenom 300 from $11,156 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. 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.
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.
Its Executive Jet Management arm offers aircraft management, jet cards, and on-demand charter.
NetJets Inc. is the largest operator of private jets in the world. In March 2021, it signed an MOU for 150 eVTOLs from Lilium.
It flies around 700,000 passengers and 37,000 pets annually.
| Aircraft | Size | Number in Fleet |
|---|---|---|
| Embraer Phenom 300 | Light | 126 |
| Cessna Citation XLS | Midsize | 76 |
| Cessna Citation Sovereign | Super Midsize | 36 |
| Cessna Citation Latitude | Super Midsize | 202 |
| Bombardier Challenger 350 | Super Midsize | 87 |
| Cessna Citation Longitude | Super Midsize | 50 |
| Large | 14 | |
| Bombardier Challenger 650 | Large | 43 |
| Gulfstream G450 | Large | N/A |
| Bombardier Global 5000 | Ultra Long Range | 21 |
| Bombardier Global 6000 | Ultra Long Range | 34 |
| Bombardier Global 7500 | Ultra Long Range | 7 |
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
NetJets has around 12,000 fractional, lease, and jet card customers with around 2,000 who are customers of NetJets Europe.
NetJets revenue is estimated between $6-8 billion per year.
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., an entry-level 25-hour jet card on the Phenom 300 is currently priced at $278,900. NetJets Europe entry-level jet card is priced at 212,000 Euros for 25 hours on a Phenom 300 or Citation XLS.
NetJets offers fixed hourly rates. Fractional owners get long-flight discounts on super-midsize and larger private jets.
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