Netjets Inc, formerly Executive Aviation, was founded in 1964 as the world’s first private Jet charter and aircraft management company .
Netjets is far away and away from the world’s largest private jet operator, with a fleet of about 700 worldwide, including Bombardier, Cessna, Dassault, Gulfstream and Hawker. It is the fourth largest national air carrier in the USA – behind the Delta ( 722 aircraft ), United ( 710 ) and the American ( 618 ).
In 2014, netjets China finally received its Air Operators Certificate and moved two private jets from its European fleet to start operations .
Netjets are built on a fractional property model, which means that customers are interested in a particular type of aircraft and have access to such aircraft for a certain number of hours each year. However, Netjets allow customers to upgrade or downgrade the size of their aircraft according to their needs.
Other private aviation companies may have a similar structure, but NetJets, owned by Berkshire Hathaway, are the leader of the industry, with more than 70 percent of the market for fractional private jet ownership.
Under section 91k of the FAA’s rules, the section NetJets operates under, there is no need for dispatchers, but with its size and scale, NetJet feels that dispatchers provide an additional level of security and security.
NetJet has a massive open space with dispatchers, meteorologists and a number of other network crew members, all of whom work together to ensure that the NetJets’ fleet gets people where they want to go .
A NetJets owner trusted their NetJets’ service team so much that they called them when their rental car broke out in the middle of Pennsylvania .
In other words, instead of calling the car rental company, they had more faith in the services of the NetJets to sort them and provide help – which NetJets actually assisted with!
Full ownership of private jets can make sense if the bank balance supports it and you travel extensively. Partial or fractional ownership can make sense even if you have the bank account to support full private jet ownership, especially if you are not travelling more often than not.