The old adage is you don’t get fired for buying IBM. When I talk to folks from finance or procurement departments of big companies, particularly those that are publicly traded, or advisors to UHNWs, NetJets is usually among their top choices. The idea of having similar service points as fractional ownership (guaranteed availability, one-way pricing, fixed hourly rates), but without the long-term commitment has sent them to look into jet cards, which to the surprise of many makes up close to 20% of NetJets’ flying.Īt any rate, for the most part, they don’t have any complaints, just the question, is the price worth it? Yes, NetJets pricing! Can I get something similar and save money? Why Buy NetJets? They are not ready to make another five-year commitment or even three years. In some instances, their flying patterns are changing. Usually, their share is winding down and they’ve decided to see what else is out there. Then I get fractional owners with NetJets. They might be unhappy with how their current jet card provider handled various service issues. Others want to see if the grass is greener. Others are selling their aircraft, tired of ownership headaches, and worried about the increasing shortage of pilots. A couple of bad experiences sends them looking for the reliability of a jet card program, particularly for service recovery and aircraft standards. Prior to COVID, most jet card buyers were already users of on-demand charter (44%), according to a survey of Private Jet Card Comparisons subscribers. flying activity which will see over 400 flights. It’s also helpful when I try to do a deep dive into a company, as I will attempt here.Ī typical Monday morning view of NetJets U.S. In other words, their feedback is very useful to me and provides great insights I can share with other subscribers.
#NETJETS PRICING 2016 FULL#
Of those previously using private flights, 12% own full aircraft, and five percent have fractional shares. Now, about a third are new to the sector. Nearly all (99%) were current users of private aviation until COVID-19. Only 29% of subscribers say jet cards are their only private aviation solution. Business aviation is responsible for over a million jobs just here in the U.S. It’s always fun to have the opportunity to hear how private aviation can enhance whatever they are doing while doing good. Wealthy individuals buy jet cards for family members, such as enabling a daughter to regularly bring over their grandchildren. Professionals from medicine, law, and finance use jet cards for personal and business travel.
There are retirees who no longer have access to the company jet. Subscribers range from Fortune 100 companies to owners of all sorts of successful businesses. Read: NetJets by the numbers, including fleet size by aircraft type updated June 2020 And if there is one company that comes up more than others, it’s NetJets.
It is likely more day-in-day-out contact with private aviation consumers than any other journalist. And for the over 3,000 subscribers to Private Jet Card Comparisons since we launched just over three years ago (Thank you!), I get to talk with perhaps 20%. (Updated June 21, 2021) – There’s no question NetJets is the biggest player in the private aviation sector. Posted on Ma17 Comments NetJets may be ubiquitous with the concept of fractional ownership, and by far the dominant player in the market, but the big question remains, is the unit of Berkshire Hathaway worth a premium?
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