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NetJets, an American company specializing in fractional ownership, private jet charter, and aircraft management services, was founded in 1964 as Executive Jet Airways. It later became Executive Jet Aviation before adopting its current name in 2002. The company was the first private business jet charter and aircraft management firm and continues to hold the largest market share in business aviation.
The company's hallmark fractional ownership model was introduced in 1987. This program allows clients to purchase shares of an aircraft, granting them guaranteed access without incurring the high costs of full ownership. NetJets became highly profitable and was acquired by Berkshire Hathaway, owned by Warren Buffett.
NetJets operates a large global fleet with over 750 jets as of 2024. Its fleet includes Bombardier, Cessna, and Embraer models like the Cessna Citation Latitude and Bombardier Global 7500. Most of its aircraft are US-based, with NetJets Europe operating around 120 jets from Lisbon, Portugal.
