NETJETS
AVIATION www . netjets . com
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L et ’ s start off with some history . NetJets Aviation was founded way back in 1964 by Bruce Sundlun , Paul Tibbets and Curtis LeMay . One of the first customers and investors in the company was Berkshire Hathaway CEO Warren Buffet , who quickly determined that it ’ s business model was the key to success and the future of private aviation , so in 1998 , Berkshire Hathaway acquired NetJets and began a large expansion that would initiate the path to success . Since then , NetJets has grown to become one of the best and biggest Executive Aviation companies . So what exactly did it take for them to be so successful ?
Unlike other companies of this type , NetJets has a completely different business model which focuses on the now extremely popular “ Fractional Ownership ”. This means that a customer buys a share / part of a selected aircraft and can use it on demand whenever they want , depending on the size of the share they bought . The larger the share bought in the aircraft , the more flying hours are available for the customer . Fractional Ownership has turned out to be much cheaper than paying for individual flights and is a favourite amongst users of private aviation for its flexibility .
For plane spotters in the United States , Net- Jets aircraft that are fractionally owned by different customers have a “ QS ” at the end of the tail number . As of today , NetJets operates 700 aircraft worldwide , ranging from the Embraer Phenom 300 to the mighty Bombardier Global Express 6000 .
We asked some employees on their opinions of working at NetJets .