NetJet

NetJets is a fractional ownership company that provides private aviation services. Founded in 1964 as Executive Jet Aviation, it pioneered the concept of fractional ownership, allowing multiple individuals or companies to own a share of a private jet. This model provides access to private aircraft without the full financial burden of sole ownership.

NetJets operates a large fleet of private jets and offers various share sizes to accommodate different travel needs and budgets. Owners gain guaranteed access to aircraft within a contracted service area and time frame. The company manages all aspects of aircraft maintenance, crewing, and operations.

The fractional ownership program is typically structured around a set number of flight hours per year, and owners pay a monthly management fee in addition to the purchase price of their share. NetJets also offers jet card programs and on-demand charter services.

The company is headquartered in Columbus, Ohio, and is a subsidiary of Berkshire Hathaway.