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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 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.
| Year Founded | 1964 |
| Leadership | Adam Johnson, Chairman & CEO Alan Bobo, Chief Operating Officer Patrick Gallagher, President, Sales, Marketing & Service Pete Richards, Chief Financial Officer Bradley Ferrell, Executive Vice President, Administrative Services Bram Van Der Ploeg, Executive Vice President, Business Insights & Analysis Doug Henneberry, Executive Vice President, Aircraft Asset Management Warren Buffett; Chairman and Chief Executive, Berkshire Hathaway |
| Headquarters | Columbus, OH |
| Jet Card Hourly Rates | Phenom 300 from $8,916 per hour, including FET (on waitlist) |
| Related Products | Fractional Ownership, Leasing, Aircraft Sales, VIP Security, plus Aircraft Management, On-demand charter, and Empty legs via Executive Jet Management |
| Related Companies | Berkshire Hathaway (parent), NetJets Europe, Executive Jet Management, QS Partners, QS Security |
Columbus, Ohio-based NetJets is a subsidiary of Warren Buffett’s Berkshire Hathaway. It is the inventor of the fractional private jet ownership concept by founder and former chairman Richard Santulli who 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, it offers the Citation Latitude, Global 5000, 6000, and 7500 for leases and fractional ownership.
Its Executive Jet Management arm offers aircraft management, jet cards, and on-demand charter.
NetJets Inc. is the largest operator of private jets in the world. In March 2021, NetJets said it had obtained options for 20 Aerion supersonic private jets. However, the program was later suspended.
In March 2021, it signed an MOU for 150 eVTOLs from Lilium.
In 2021, it flew approximately 444,000 passengers and operated 313,000 flights.
NetJets is included in the 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.
Who owns NetJets?
Berkshire Hathaway
Who is the CEO?
Adam Johnson
How are aircraft sourced?
Its fractional ownership fleet and additionally, during peak periods, aircraft managed via Executive Jet Management.
| Aircraft | Size | Number in Fleet |
| Phenom 300 | Light | 107 |
| Citation XLS | Midsize | 76 |
| Citation Sovereign | Super Midsize | 38 |
| Citation Latitude | Super Midsize | 155 |
| Challenger 350 | Super Midsize | 85 |
| Citation Longitude | Super Midsize | 26 |
| Falcon 2000EX | Large | 15 |
| Challenger 650 | Large | 31 |
| Gulfstream G450 | Large | 11 |
| Global 5000 | Ultra-Long-Haul | 14 |
| Global 6000 | Ultra-Long-Haul | 32 |
| Global 7500 | Ultra-Long-Haul | 2 |
What are the initiation and membership fees?
There are no initiation and membership fees for its jet card programs
What is the entry-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?
Yes, with exceptions.
Is the hourly rate guaranteed?
Yes
What is the company website?
https://www.netjets.com/en-us/
Where is NetJets’s headquarters?
Columbus, OH; NetJets Europe is headquartered in Lisbon, Portugal
Contact a Sales Executive at NetJets
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