Fractional Ownership 2020 numbers show NetJets, Flexjet control 85% of the market

NetJets Flexjet

Private jet fractional ownership continues to be dominated by NetJets and Flexjet

Argus TRAQPak’s annual business review of private jet fractional ownership operators in North America shows from the handful of players, NetJets and Flexjet continue to dominate. Together, the top two players control 85.8% of the market based on flight hours.

NetJets sees big increase in new customers as Berkshire Hathaway reports Q3 financials

NetJets financials

NetJets achieved a three-fold rise in new customers for the year as Berkshire Hathaway reports a 14.3% “aggregate” revenue drop for NetJets and Flight Safety year-to-date

While it’s hard to decipher NetJets‘ financial performance from Berkshire Hathaway’s quarterly reports and other filings, it appears the world’s largest private aviation provider is weathering this recession much better than the last one.

NetJets sets hourly rates for carbon offsets in global sustainability push

NetJets sustainability

Worldwide private jet leader NetJets has launched an umbrella campaign for its initiatives to reduce carbon footprint, including increasing awareness on how its customers can participate

While NetJets has long had many initiatives around reducing carbon footprint, today, it is launching an umbrella program around three key points of focus. It is also for the first time publishing on its consumer website the cost to buy carbon offsets and now will highlight the offset options in all proposals to both individual and corporate customers.

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