This is a bit confusing to a lot of people. NetJets is the world’s largest operator of private jets. It is owned by Berkshire Hathaway whose CEO is one of the world’s richest men, Warren Buffett. NetJets has an arm called Executive Jet Management, or EJM, that manages private jets on behalf of their owners. NetJets sells fractional shares in private jets. This is akin to a time share where you actually own part of a specific jet, but then get access to the fleet. The minimum share you can buy is 50 hours representing 1/16th of a plane.
While it may not be one of the main reasons to choose a private jet card program or prepaid block charter program, the fact that you are sending a big check to somebody
While it may not be one of the main reasons to choose a private jet card program or prepaid block charter program, the fact that you are sending a big check to somebody else’s bank account often comes with various VIP perks.
NetJets put on for 200 owners and guests of its fractional program a sunset private concert with Andrea Bocelli on a hillside in Tuscany. It also has offered access to provide golf clubs such as Tuhaye Golf Club in Park City, Utah and Stone Eagle in Palm Desert, California.
Another perk is the annual NetJets Poker Tournament where customers can mix with Warren Buffett, CEO of Berkshire Hathaway which owns NetJets.
Sentient Jet offers its members private parties and VIP accessThe Breeder’s Cup and The Kentucky Derby while XOJET program customers can vacation at Yellowstone Club, a private club with its own private ski mountain and golf club.
Sometimes it’s also about the little things. When the NFL implemented new restrictions on what fans could bring into the Super Bowl Flexjet provided its customers compliant, transparent bags so they wouldn’t be inconvenienced.
There is a special section in our 62-point comparison that specifically gives you an overview of what perks and special access each of the 75 programs provide.
In just under eight years Embraer Executive Jets has been able to churn out 400 of its popular Phenom 300 private jets. The delivery, according to business-to-business website AIN went to Naples, Florida-based EliteJets, founded by David Randolph, the founder of Personalization Mail.
NetJets pre-tax earnings increased 19% “primarily due to lower subcontracting expense and a decline in losses from aircraft impairments and dispositions,” according to parent company Berkshire Hathaway’s 2016 Annual Report. Those gains were “partly offset by increases in depreciation and restructuring,” the report stated.