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NetJets, a division of Berkshire Hathaway, has revealed its current fleet, and there are significant changes.
The biggest move is both its Dassault Falcon 2000s and Cessna Citation Xs are no longer available for jet card, fractional share purchases or leases.
NetJets customers crisscross the world, often giving as little as four hours notice. They essentially get to schedule their own personal airline based on their needs of the day.
One destination that’s probably not on the regular itinerary for most is Columbus, Ohio. That’s the headquarters for the world’s largest private jet operator.
In a letter to NetJets owners sent earlier today, its president Patrick Gallagher outlined company plans due to the COVID-19 Coronavirus pandemic. He said business has been “down significantly.”
Gallagher told customers via email, “…This pandemic is affecting our business to a greater extent than any event since we were founded in May 1964.”
As more and more airlines cut back on their flight schedules due to government restrictions and plummeting demand, NetJets and other private aviation providers continue to offer critical links in these challenging times.
In an update posted yesterday on its website, the world’s largest private jet operator wrote, “The COVID-19 pandemic has created a constantly changing landscape at NetJets. We will continue to issue operational updates as they become available, but we wanted to take a moment to provide reassurance that we are taking all necessary precautions to mitigate the spread of the virus and continue to keep our owners and our employees safe.”
NetJets and Flexjet, the two largest players in the fractional ownership market, both recorded strong performances in 2019, measured by flight hours.
According to data released by Argus Traqpak, for the total fractional market, flights and flight hours grew 5.9% and 7.9% respectively, when compared to 2018.
