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.