Photo Credit: NetJets
If you’re interested in traveling via private jet, NetJets offers a different model. In 1986, NetJets pioneered the concept of fractional jet ownership, giving individuals and businesses all the benefits of whole aircraft ownership and more at a fraction of the cost. NetJets operates the world’s largest private jet fleet of more than 650 aircraft globally.
How much does a private jet flight cost with NetJets?
With a NetJets membership, you purchase an undivided interest in a specific aircraft and gain access to a fleet of more than 650 jets worldwide. Prices per share with the private aviation company vary depending on the type of jet you choose — light, mid-size or large-cabin — and how often you fly.
The smallest share you can purchase is a 1/16 interest, which gives you 50 hours of flight time a year. Your biggest upfront cost is a one-time acquisition fee: for the Phenom 300 Platinum Edition jet, a 1/16 interest, or 50 flight hours, costs $550,000. The largest share possible is a one-half interest, or 400 hours of flight time, which costs $4.4 million.
In addition to the acquisition cost, fractional jet owners are also responsible for a monthly management fee and an occupied hourly fee, which covers fuel, maintenance, catering and landing costs. For that same jet, the monthly management fee for a 50-hour share is $9,600, while a 400-hour share costs $60,000. The occupied fee is the same regardless of jet size, at $1,950 per hour.
NetJets owners sign up for a two-year, two-and-a-half-year or three-year commitment, depending on the size of the aircraft, and NetJets has a guaranteed buy-back option after that commitment is up.
NetJets also has finance and leasing options, if you want a smaller upfront expense. It offers 6 percent fixed-rate financing on balances $100,000 and up after you’ve put down 20 percent of the value at signing. You can also buy a pre-paid lease with the Marquis Jet Card, which is good for 25 hours of flight time. A single year starts at $119,900 in a Hawker 400XP jet.
Where does NetJets have airport hubs?
NetJets has airport hubs all over the world — that’s why the company is able to accommodate flight requests in as little as four hours. In the United States, NetJets pilots and flight attendants operate out of hub cities like Columbus, Ohio; Teterboro, N.J.; Dallas; West Palm Beach, Fla.; and Los Angeles. The company also added NetJets China to its private aviation program.
Owners do not need to live in these cities to enjoy the benefits of the company’s fleet, of course. In fact, a major perk of becoming an owner is an industry-leading comprehensive ferry waiver program — if you find yourself in need of a NetJets flight to or from a country where the company does not have a hub, you won’t have to pay a fee to send the plane to pick you up.
What is the Marquis Jet Card?
Like flying in style, but not a frequent flyer? The Marquis Jet card gives you access to much of the NetJets aircraft fleet with a pre-paid lease for 25 hours of flight time.
You can choose from among 10 different jet types, and make exchanges between the U.S. and Europe programs. In as few as 10 hours, you can be off to your business meeting in Los Angeles or a dinner for two in Rome. You simply buy the card that’s right for you and your flight time is deducted from your Marquis Jet Card balance.
This option is less expensive than partial ownership — but just as convenient.
What locations can I fly to with NetJets?
With NetJets, a private aviation service, you can fly anywhere in the world, without the hassle of waiting at the airport — drastically reducing your travel time. NetJets flies all over the United States from Seattle, San Francisco and New Orleans to New York City, Miami and Los Angeles — and everywhere in between.
Want to hit the slopes in Lake Tahoe? Done. Dance the night away in Las Vegas? Give your pilot a ring. Play a round of golf in Fort Lauderdale? Better pack your clubs.
With ownership in NetJets you can have a personal jet that accommodates seven to 14 passengers ready in as little as four to 10 hours, depending on the size aircraft you need and how large your share is.
NetJets has affiliate programs in Europe and China, so you can fly all over the world using the exchange service. NetJets also flies to the Caribbean, Mexico, Central and South America, India and Russia, so you can take care of your international business — or pleasure — any day of the year.
