Fractional ownership or leasing of a private jet is a big decision. We give you a comprehensive overview of factors that will guide your decision
Fractional ownership and leases sit between full ownership and jet cards or on-demand charter in the hierarchy of private aviation solutions
How does it work, what are the costs, and when you should consider fractional ownership and leases?
What can you negotiate?
Having read and reviewed dozens of articles that cover fractional aircraft ownership, I find many of them somewhat misinformed. The typical approach is to espouse fractional ownership as the ideal solution if your annual flying ranges between 50 and 400 hours.
Said articles recommend full ownership if you fly more than 400 hours, jet cards for 25 to 50 hours, and on-demand charter for less than 25 hours of flying.
I don’t want to say these generalizations are wrong. They’re just overly simplistic and can lead you to make a decision that might not be the best fit.
Netjets has added yacht rental and management specialist Northrop & Johnson to its luxury partners, including Four Seasons, Wynn Las Vegas, and Canyon Ranch
Northrop & Johnson sells over $100 million of luxury yacht charters annually. The company currently has $1.2 billion in superyacht listings for sale.
With its global private air solutions via fractional ownership, leases and jet cards, and partnerships with luxury hotels, resorts, spas, and ground transportation services, NetJets, the largest private aviation provider in the world, now has the oceans covered as well.
Northrop & Johnson, a Florida-based specialist in yacht rentals and yacht sales, management, and marketing, will offer “exclusive benefits” to customers of the private air provider.
The new NetJets jet cards give it a true light jet and another coast-to-coast option
Private Jet Comparisons has exclusively confirmed NetJets has added the Embraer Phenom 300 light jet (as we reported it would last year) and Cessna Citation Sovereign super-midsize jet to its jet card line-up, although at just over 30,000 pounds maximum takeoff weight it is classifying it as a midsize aircraft.
Both will be sold as Elite Card programs, meaning 24-hour lead-time for reservations with the hourly price including fuel, 7.5% Federal Excise Tax, and deicing. Peak day lead-time is 120 hours with a 25% surcharge.
Warren Buffett is weighing in on how NetJets can help
private jet owners maintain privacy for important missions
In a recent posting on its online newsletter, NetJets is highlighting that private jet owners who need privacy can use fractional ownership, leases and jet cards for supplemental lift when they need to maintain secrecy for their missions.
“I should point
out that anybody out there who wants to do business with us, that if they take
a [NetJets] plane nobody will be able to track them. … And if you use a company
plane, it’s a big way of running a billboard that I’m in town for something,”
said Warren Buffett, Chairman and Chief Executive, Berkshire Hathaway, parent
NetJets says it’s positioned to get you where you want to go
safely, with as few weather delays as possible
Summer weather along the popular coastal resort of Long
Island and New England can change quickly with fog and strong crosswinds.
However, NetJets believes with its extensive fleet, top ranked safety standards
and team of in-house meteorologists, it can make sure you get to you vacation
safely with the time savings benefits of private jet travel.