The world’s largest private jet operator said Brexit won’t impact its operations in Europe
While private aviation brokers and operators in Europe are to some degree scrambling now that Brexit has come to fruition, NetJets Europe says it was prepared, and there is no impact for its customers.
NetJets announced options to purchase up to 325 Cessna Longitude and Hemisphere private jets today
NetJets and Textron Aviation announced today during the National Business Aviation Association (NBAA) Convention & Exhibition an agreement giving the fractional share, lease and jet card operator the option to purchase up to 175 super-midsize Cessna Citation Longitude aircraft and up to 150 Cessna Citation Hemisphere aircraft.
Columbus, Ohio-based NetJets is a subsidiary of Warren Buffett’s Berkshire Hathaway. The inventor of the the the private jet fractional ownership concept by Richard Santulli, he 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 offers the Phenom 300, Citation XLS, Citation Sovereign, Challenger 350, Challenger 650, and Gulfstream 450 for its jet card, fractional ownership and lease programs. Additionally, if offers the Citation Latitude, Global 5000, 6000, and 7500 for leases and fractional ownership.
It flies approximately 444,000 passengers annually and operates 313,000 flights.
NetJets is included in Private Jet Card Comparisons’ database of over 50 jet card providers, enabling you to compare programs in minutes.
When was it founded?
The predecessor company of NetJets, Executive Jet Aviation, was founded in1964. In 1987 then CEO Richard Santulli launched the first fractional ownership program for private jets and renamed the company as NetJets.
There are no initiation and membership fees for its jet card programs
What is theentry-level program?
Jet cards start at 25 hours with the entry-level Embraer Phenom 300 Elite Card at $204,900. It also offers the Citation Excel/XLS, Sovereign, Challenger 350, Challenger 650, and Gulfstream G450 in the U.S. program. In 2021, NetJets Europe launched a pay-as-you-go membership option.
Do NetJets’ cards provide guaranteed availability?