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

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.

Flying

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.

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NetJets Fleet (as of December 2023)

Aircraft Size Number in Fleet
Embraer Phenom 300 Light 128
Cessna Citation XLS Midsize 76
Cessna Citation Sovereign Super Midsize 36
Cessna Citation Latitude Super Midsize 204
Bombardier Challenger 350 Super Midsize 87
Cessna Citation Longitude Super Midsize 52
Large 14
Bombardier Challenger 650 Large 44
Bombardier Global 5000 Ultra Long Range 21
Bombardier Global 6000 Ultra Long Range 34
Bombardier Global 7500 Ultra Long Range 7
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?

NetJets has around 12,000 fractional, lease, and jet card customers with around 2,000 who are customers of NetJets Europe. 

What are the annual revenues for NetJets?

NetJets revenue is estimated between $6-8 billion per year.

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., 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.

What type of pricing does NetJets offer?

NetJets offers fixed hourly rates. Fractional owners get long-flight discounts on super-midsize and larger private jets.

What is NetJets's website?

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