Wheels Up Aircraft Sales enables the private aviation provider to offer one-stop shopping
Jet sharing, empty legs, on-demand charter, fixed-rate jet cards, aircraft management,MRO services, and now full aircraft sales brokering are under the Wheels Up brand
With a powerful digital presence and brand recognition only matched by market leader NetJets, Wheels Up is once again showing it intends to be a driving force in private aviation.
This morning’s announcement of Wheels Up Aircraft Sales puts the company into aircraft brokerage, acquisition, trade, and advisory services.
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.
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.
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.
Who owns NetJets?
Berkshire Hathaway
Who is the CEO?
Adam Johnson
How areaircraft sourced?
Its fractional ownership fleet and additionally, during peak periods, aircraft managed via Executive Jet Management.
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?
