NetJets Europe
NetJets Europe NetJets Europe is a company that offers fractional ownership of private business jets. Being a partially owned subsidiary of NetJets Inc., it is the largest business aviation company in Europe. Fractional Ownership NetJets Europe has a fractional ownership program where customers purchase a fraction or share in one specific aircraft type, starting at 50 hours a year. Owners retain financial and legal control over the asset and the share is assigned to a specific serial numbered aircraft. Owners then have guaranteed access to that aircraft at any time. If the owner’s aircraft is unavailable for any reason, another aircraft of the same type, or a larger aircraft, will be provided. Fractional owners pay a monthly maintenance fee and an „occupied” hourly operating fee. The latter is charged only when an owner or guest is on board, not when the aircraft is flying to a pick up point, or flying to another location after completing…
NetJets Private Jets
Net Jets Inc. Private Jets NetJets Inc. a subsidiary of Berkshire Hathaway, is an American company that sells part ownership or shares (called fractional ownership) of private business jets. NetJets was founded in 1964 as Executive Jet Aviation. It was the first private business jet charter and aircraft management company in the world. NetJets Inc., formerly Executive Jet Aviation, was founded in 1964 as the first private business jet charter and aircraft management company in the world. The founding members of the board of directors included Air Force generals Curtis E. LeMay and Paul Tibbets Jr., Washington lawyer and former military pilot Bruce Sundlun, and entertainers and pilots James Stewart and Arthur Godfrey, with retired Air Force Brigadier General Olbert F. „Dick” Lassiter serving as president and chairman of the board. EJA initially began operations in 1964 with a fleet of ten Learjet 23 aircraft. By the late 1970s, EJA was doing business with approximately 250 contract flying customers and logging more than three…