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Private jet charter services in the United States have experienced significant growth, particularly after the COVID-19 pandemic. This expansion is attributed to the rise of jet charter companies, jet card membership programs, and fractional ownership schemes. These options allow passengers to fly privately without owning a private jet.
Among the leading providers in this sector is NetJets, Inc., which recorded 609,515 flight hours in 2023. The company pioneered the jet card and fractional ownership model and holds a market share of 11.5%. "NetJets is a subsidiary of Berkshire Hathaway," highlighting its strong financial backing. Founded in 1964 as Executive Jet Airways, it rebranded as NetJets in 2002.
FlexJet, Inc., another major player with 204,836 flight hours last year, has an 11.6% increase in year-over-year hours but holds a smaller market share of 3.87%. It was launched by Bombardier Aviation about three decades ago and now operates under Directional Aviation's ownership.
