Chairman & CEO
Chief Operating Officer
President, Sales, Marketing & Service
Chief Financial Officer
Executive Vice President, Administrative Services
Bram Van Der Ploeg
Executive Vice President, Business Insights & Analysis
Executive Vice President, Aircraft Asset Management
Chairman and Chief Executive, Berkshire Hathaway
Jet Card Hourly Rates
Phenom 300 from $11,156 per hour, including FET
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.
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|
|Bombardier Challenger 650||Large||43|
|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.
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.
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.