NetJets, the Warren Buffet backed purveyor of fractional jet ownership, is celebrating 25 years of operation. By bringing the maximum amount of flexibility to the concept of private jet ownership, the company is great illustration of the benefits of shared fractional ownership.
You pay for only the amount of jet usage you need, which can provide significant advantages compared to owning your own craft.
The fleet offers a choice of thirteen of the most popular private jets, ranging in size from the seven passenger Cessna to 14 passenger Gulfstreams.
You can purchase as little as 13 hours usage per year. Planes are available 365 days a year, and on a few hours notice.
Compare to a company owning it’s own jet. Costs, insurance and maintenance are 365 days a year, and it needs hangar space when not in use.
The fractional jet, on the other hand, only is paid for when used. Plus, you have the flexibility of a larger craft when you need it, and the less expensive smaller plane when you don’t.
Two simultaneous trips with only one plane can be a challenge, but with a fractional program, you can book two flights at once, as long as you have the hours in your account.
The Berkshire Hathaway company maximizes flexibility by offering fleet management services, charters and what they claim is the most diversified fleet in the industry.
Fractional ownership – it works for vacations, purses, cars and planes.
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