The new private jets replace previous offerings for the Falcon 2000 and Citation X
Last month we reported NetJets restructured its jet card program eliminating fuel surcharges and cutting prices.
NetJets Executive Overview
|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
|Jet Card Hourly Rates||Phenom 300 from $11,156 per hour, including FET|
|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 flies the Embraer Phenom 300, Textron Aviation Citation XLS, Citation Sovereign, Citation Latitude, Citation Longitude, Gulfstream 450, Challenger 350, Challenger 650, Global 5000, 5500, 6000, and 7500.
Its Executive Jet Management arm offers aircraft management, jet cards, and on-demand charter.
It flies around 700,000 passengers and 37,000 pets annually.
NetJets is included in the Private Jet Card Comparisons’ database of over 50 jet card and fractional ownership 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?
Who is the CEO?
How are aircraft sourced?
Its fractional ownership fleet and off-fleet approximately 3% of the time via Executive Jet Management and vetted third-party charter operators.
NetJets Fleet (as of February 2023)
|Aircraft||Size||Number in Fleet|
|Citation Sovereign||Super Midsize||38|
|Citation Latitude||Super Midsize||177|
|Challenger 350||Super Midsize||87|
|Citation Longitude||Super Midsize||39|
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. 25-hour leases start at $10,205 per hour based on a 3-year contract. Jet cards on the Phenonom 300 are $11,156 per hour as of November 2022. .It also offers the Citation Excel/XLS, Sovereign, Latitude, Challenger 350, and Challenger 650 in the U.S. jet card program. In 2021, NetJets Europe launched a pay-as-you-go membership option, that is currently on hiatus.
Do NetJets cards provide guaranteed availability?
Yes, with 45 blackout days in the U.S. for 25-hour leases and jet cards, and 90 blackout days in Europe on jet cards. Fractional ownership has just 10 peak days.
Is the hourly rate guaranteed?
What is the company website?
Where is NetJets’s headquarters?
Columbus, OH; NetJets Europe is headquartered in Lisbon, Portugal
Latest NetJets News
The latest news and updates from NetJets: