is a name that evokes trust and confidence among the pundits of the
business aviation industry. NetJets Inc. formerly known as Executive
Jet, Inc is credited with introducing the concept of fractional
ownership. The year 1964 saw the beginning of a new era in the history
of business aviation with the formation of Executive Jet, Inc, the
first private business jet charter and aircraft management company in
It was in 1986, when Richard Santulli, the Chairman and CEO of NetJets Inc. came up with the concept of fractional ownership of airplanes. Since then, the company has continued its march of progress. It is a market leader with a market share of more than 50%. In fact, its current owner Warren Buffet, Chairman & CEO of the Berkshire Hathaway acquired it only after assessing its service for three years.
offers flexibility in terms of annual flying time, choice of aircraft
etc. The minimum share available is 1/16, which gives you 50 hours of
annual flying time. You also get to choose the airports for flying the
aircraft. Depending on the requirements, you can choose an airport
closest to your office or home. NetJets allows you an access to more
than 5,000 airports worldwide. NetJets offers 14 different types of
jets with options ranging from light, midsize and large cabin aircraft.
Marquis Jet Card: This is an exclusive program launched by NetJets for those who require less flying time. This card provides you with an annual flying time of 25 hours. The card is targeted towards individuals and businesses whose travel requirement range from 1-35 hours. It is ideal for people who want to enjoy the benefits of fractional program. It is also suitable for those who are looking for a short term commitment or want to get a feel of NetJets. It also promises guaranteed availability of aircraft with an advance notice of 10 hours.
also offers many privileges to its members. For instance, US owners
have a 24/365 access to coordinated medical services from Mayo Clinic.
Patrons can look forward to a resource for general medical advice,
assistance for securing second opinions, scheduling executive health
exams, assistance in preparing for an international trip, information
on what vaccines are needed to enter certain countries. It has also
designed the PennVet VIP program in collaboration with the University
of Pennsylvania School of Veterinary Medicine. Now US owners can look
forward to quality services for their pet companions.
Corporations: Large corporations often use their own personal jets for meeting the
travel requirements of their executives. But at times, there can be a
shortage of airplanes. Especially if the CEO and COO have to travel on
the same time, same date but varying destinations. In such cases,
NetJets provides with "supplemental lift". This program lets
corporations to hire multiple planes in accordance with the ownership
share. This service is also helpful in situations where the pilots
belonging to the corporation are on leave or sick.
NetJets offers a choice of 14 different aircraft types. Since NetJets are not involved into aircraft manufacturing, this actually allows them to source the best aircrafts from a wide range of aircraft manufacturers. Boeing, Gulfstream, Falcon, Cessna, and Raytheon are some of the suppliers to NetJets.
The Aircraft of NetJets:
- Cessna Citation Bravo
- Cessna Citation V Ultra
- Raytheon Hawker 400XP
- Cessna Citation Encore
- Cessna Citation Excel/XLS
- Raytheon Hawker 800XP
- Cessna Citation Sovereign
- Raytheon Hawker 1000
- Cessna Citation X
- Gulfstream 200
- Dassault Falcon 2000EX
- Gulfstream 450
- Gulfstream 550
- Boeing Business Jet
Thus, NetJets offers a true value for money for its customers. Its market leader status perhaps is a proof of the top-notch services rendered by it.