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Wikipedia

NetJets

NetJets Inc. is an American company that sells fractional ownership shares in private business jets.[6]

NetJets
IATA ICAO Callsign
1I EJA EXECJET
Founded21 May 1964
(59 years ago)
 (1964-05-21)
United States[citation needed]
AOC #DXTA401D[1]
Subsidiaries
  • Executive Jet Management, Inc.
  • NetJets Aviation, Inc.
  • QS Partners
  • NetJets Europe
  • QS Security Services[2]
Fleet size750 (August 2020)[3]
DestinationsPoint to point
Parent companyBerkshire Hathaway
HeadquartersColumbus, Ohio, United States
Key people
  • Chairman and CEO: Adam Johnson
  • President of Sales, Marketing and Service: Patrick Gallagher[4]
Employees7,000[5]
Websitewww.netjets.com

Founded as Executive Jet Airways in 1964, it was later renamed Executive Jet Aviation. NetJets became the first private business jet charter and aircraft management company in the world. It launched its fractional ownership business in 1986 and became a subsidiary of Berkshire Hathaway in 1998.[7][8]

History edit

 
NetJets aircraft all have the same paint scheme, their US registration ends in "QS" (for quarter share)
 
A NetJets Boeing Business Jet 737-700 that the company formerly operated, photographed in 2009
 
A Netjets Citation Latitude in 2020
 
NetJets headquarters sign

1960s edit

The company was founded in 1964 and originally known as Executive Jet Airways. The name was later changed to Executive Jet Aviation (EJA), and again in 2002 to NetJets, after Berkshire Hathaway purchased it in 1998. NetJets was the first private business jet charter and aircraft management company in the world.[7] The idea came from retired Air Force Brigadier General Olbert F. "Dick" Lassiter, who had experience running the Air Mission Squadron, an air taxi service for the Air Force. The idea was to run a similar service for private companies, with a pool of corporate jets providing transportation instead of each company having to purchase and maintain their own plane.[9]: 177  The founding members of the board of directors included US Air Force generals Curtis E. LeMay and Paul Tibbets, Washington lawyer and former military pilot Bruce Sundlun, and entertainers and pilots James Stewart and Arthur Godfrey, with Lassiter serving as president and chairman of the board.[10][11][12]

Shortly after its founding, EJA began receiving regular investments from the Pennsylvania Railroad, which were managed by accountant David Bevan. In June 1965, the railroad purchased a majority of shares in EJA, despite the fact that rail carriers were barred from owning air carriers by the Federal Aviation Act of 1958.[9]: 183  To hide the investments from the PRR board, Bevan made the payments through a subsidiary, the American Contract Company, which he was president of.[9]: 179 

EJA initially began operations in 1964 with a fleet of ten Learjet 23 aircraft.[13] The company soon moved to acquire competitors and larger aircraft, including two 707 jets and two 727 jets from Boeing, but these could not be operated without approval from the Civil Aeronautics Board.[9]: 185  The Pennsylvania Railroad argued its majority stake in EJA was legal as it consisted of non-voting stock, and anticipating approval from the CAB, EJA licensed its larger jets to foreign airlines. When the CAB instead ruled against EJA, the company now found itself deeply unprofitable, and the Pennsylvania Railroad attempted to sell off its stake. However, potential buyers lost interest after corporate spies for Pan Am acquired and leaked information on EJA's illegal interests.[9]: 191  The Pennsylvania Railroad merged into Penn Central in 1968, and the search for a buyer continued. Penn Central and EJA were ultimately fined $70,000 by the CAB in 1969.[9]: 192 

In 1970, the trustee for Penn Central's EJA shares voted to oust Lassiter and replace him with Bruce Sundlun. On July 1, the day before he was voted in as president, Sundlun led a midnight raid on EJA's corporate offices with the assistance of Pinkertons. Lassiter attempted to retake the office with armed guards of his own shortly after, but they were stopped by Sundlun's guards.[9]: 177  Lassiter was later sued for his role in diverting $21 million of PRR money into EJA, much of which had gone to his personal expenses.[12][9]: 197  Sundlun, Robert L. Scott Jr. and Joseph S. Sinclair bought out the Penn Central interest in EJA in 1972 and stabilized the company's finances. Paul Tibbets became president in 1976.[14][15]

1980s edit

In 1984, Executive Jet Aviation was purchased by mathematician and former Goldman Sachs executive Richard Santulli who owned a business that leased helicopters to service providers of offshore oil operations. When Santulli became chairman and CEO of the corporation, he closely examined 22 years of pilot logbooks, and began to envision a new economic model where several individuals could own one aircraft.[16]

In 1987, the NetJets program was officially announced becoming the first fractional aircraft ownership format in history.[13] Around the same time, painted on every NetJets US aircraft is a registration ending with QS, symbolizing the concept of selling quarter shares of an aircraft—a feature that is still representative of the NetJets brand today.[17][18]

1990s edit

In 1998, Berkshire Hathaway acquired EJA and NetJets Inc from Richard Santulli for US$725 million, half of which was paid in stock.[19] NetJets soon expanded to Europe and then Russia, and by 2006, it was the largest operator of business jets in Europe.[20]

2000s edit

The company operated a fleet of nine Boeing 737-700 Boeing Business Jets in the mid-2000s, since then sold off.[21]

In early August 2009, Santulli resigned as CEO and was replaced by David Sokol. Shortly afterward, NetJets moved its corporate headquarters from New Jersey back to its original home in Columbus, Ohio.[22]

2010s edit

In 2010, NetJets acquired Marquis Jet from founders Jesse Itzler and Kenny Dichter.[23] The prepaid Marquis Jet card allowed customers to purchase 25 hours of guaranteed flight time on the NetJets fleet.[24]

On 11 June 2012, NetJets placed the largest aircraft order in private aviation history totaling US$17.6B. The company placed a firm order for 30 Bombardier Global 5000/6000 jets, 25 Bombardier Challenger 650 jets, 75 Bombardier Challenger 350s, 25 Cessna Citation Latitudes and 50 Embraer Phenom 300s.[25] As a part of this purchase agreement, it also placed conditional orders for an additional 40 Bombardier Global 5000/6000s, 50 Bombardier Challenger 650, 125 Bombardier Challenger 350s, 125 Cessna Citation Latitudes and 75 Embraer Phenom 300s. As a result of these orders NetJets became Cessna's largest business jet fleet owner.[26][27]

In September 2014, NetJets acquired approval to launch its aircraft charter service in China, having worked with Chinese authorities since 2012 to secure the operating certificate.[28]

In 2015, the company's pilots picketed the Wynn resort in Las Vegas where company owner Warren Buffett was hosting some of his wealthiest customers. The event was symbolic of deteriorating labor relations within the company at this time.[29]

The Internal Revenue Service (IRS) had sought back taxes and penalties of $643 million from NetJets for periods beginning in 2003, including on its maintenance and service fees. NetJets filed a lawsuit challenging the IRS assessments. In January 2015, the United States District Court issued a decision in NetJets' favor, holding that the IRS assessments were unlawful.[30][31][32]

In 2019, a former NetJets pilot filed a lawsuit alleging that in March 2017, the company violated US Civil Right and Ohio anti-discrimination law when she was fired for being too short (5 feet 2 inches (157 cm)) to properly control the rudders of an Embraer Phenom 300. She states that male pilots who were too tall were reassigned to different aircraft, while her employment was terminated without the opportunity to fly a different plane.[33][34][35] An Ohio federal judge ruled in favor of NetJets in 2022, citing the plaintiff's failure to prove sex discrimination.[36]

2020s edit

In the spring of 2020, the company saw a boom in demand, as wealthy individuals sought to avoid the risks of airline flying during the COVID-19 pandemic. Previously, many potential customers had concerns about the optics of opulence and the environmental issues of private jet transport, but NetJets President of Sales, Marketing and Service, Patrick Gallagher noted in May 2020, that the health risks associated with flying on commercial airlines during the pandemic had trumped those concerns. The company introduced regular employee COVID-19 testing to try to contain the risks of an outbreak on its aircraft.[37]

In October 2020, the company made initial moves to reduce its carbon footprint. The company committed to buying "up to 3 million gallons" (11.4 million litres) of sustainable aviation fuel to be used at two of its bases, San Francisco and Columbus, Ohio. The company is also encouraging its customers to buy carbon offsets for their flights. The company will also buy its own offsets for its administration and training flights.[38]

As of November 2020, almost half of the company's fleet was manufactured by Textron, and the rest by Bombardier Inc. and Embraer. After reducing its delivery target for 2021 by more than half, due to decreased demand caused by the COVID-19 pandemic in 2020, the company expected to take delivery of 40 new aircraft in 2021 in anticipation of industry recovery.[39]

In February 2021, the company purchased a stake in WasteFuel, a business that will convert landfill waste into sustainable aviation fuel (SAF). NetJets plans to purchase 100 million gallons of SAF from WasteFuel over the next 10 years as part of the deal.[40]

In March 2021, NetJets announced that it had ordered 20 Aerion AS2s supersonic business jets. The memorandum of understanding between NetJets and Aerion called for the two companies to operate a larger "Aerion Connect" network.[41][42] Aerion abruptly announced its closure on 21 May 2021, due to the inability to raise the needed capital to continue.[43]

The company announced in March 2022, that it would partner with Lilium GmbH to establish an eVTOL network in Florida. NetJets will buy 150 Lilium Jets and operate them under a FAR Part 135 charter operation.[44]

NetJets announced in September 2023, that it will be purchasing up to 1,500 Cessna Citation jets from Textron Aviation. Deliveries for this 15-year deal are expected to begin in 2025.[45]

Subsidiaries edit

NetJets Europe, also known by its corporate legal name, NetJets Transportes Aéreos, S.A., was launched in 1996 as a sister company of NetJets and is now a subsidiary.[46] It is based in Oeiras, Portugal, and serves more than 5,000 airports globally.[47]

Also among NetJets subsidiaries is Executive Jet Management (EJM), based in Cincinnati, Ohio, which offers aircraft management and charter services. QS Partners is the whole-aircraft brokerage arm of NetJets, launched in 2016 and officing in Columbus, Ohio; Boulder, Colorado; and London; it also exclusively resells used aircraft from NetJets' fleet. QS Security Services was launched by NetJets in October 2019 with "tiered security packages" based on passenger needs and threat level at destination. Initially only available at Paris Le Bourget and in Mexico, future plans include worldwide coverage by 2023.[48]

Business model edit

 
 

NetJets sells fractions of specific aircraft, chosen from several available types at the time of purchase. Owners then have guaranteed access (50–400 hours annually, depending on share size) to that aircraft with as little as four hours' notice. If the owner's aircraft is unavailable for some reason, another aircraft of the same type, or a larger aircraft, will be provided.[49][50]

Fractional owners pay monthly maintenance fees for a minimum of 50 annual flight hours and a five-year commitment, as well as operating fees by the hour for use of aircraft. Alternatively, customers may buy flight hours in 25-hour increments by way of jet card programs.[24] Fractional owners also pay an occupied hourly operating fee, but it is charged only when an owner or guest is on board, not for ferry flights.[49][50]

NetJets is the largest fractional aircraft provider. In 2021 its fleet flew 478,444 hours.[51]

For companies or individuals that require less than the minimum 50 flight hours and the five-year commitment of fractional ownership, they can buy flight hours in 25-hour increments via the NetJets jet card programs.[24]

Fleet edit

 
NetJets Bombardier Global 7500

NetJets is the largest private jet operator in the world.[52] The NetJets fleet as of 29 July 2022:

As of March 2024, NetJets' global fleet included more than 750 aircraft.

Accidents and incidents edit

NetJets reported incidents
Date Flight Aircraft Location Description Fatal Serious Minor Uninjured
9 May 1970 N434EJ[59]
(flying as Executive Jet Aviation)
Learjet 23 Pellston, Michigan Controlled flight into terrain while landing at Pellston-Emmet County Airport (IATA: PLN, ICAO: KPLN, FAA LID: PLN). UAW President Walter Reuther, his wife May, and architect Oscar Stonorov were killed in the crash.[60] 6[59]
22 January 1999 N782QS[61][62](flying as Executive Jet Aviation) Cessna 650 Citation VII Columbus, Ohio During a training flight, the aircraft was landing at Port Columbus International Airport (IATA: CMH, ICAO: KCMH, FAA LID: CMH), when the right main landing gear collapsed. Two certificated airline transport pilots, a company pilot, and a company intern were on board. Inadequate design of the landing gear was found to be the probable cause. 4
2 May 2002 N397QS[63][64] Cessna Citation 560 Leakey, Texas Arriving from Houston Hobby (IATA: HOU, ICAO: KHOU, FAA LID: HOU), the aircraft landed more than halfway down the runway at Real County Airport (FAA LID: 49R). The aircraft overran the departure end of the runway and collided with trees. A post-impact fire consumed the aircraft after the crew and four passengers were able to evacuate. 6
28 August 2006 N879QS[65][66] Hawker 800XP Smith, Nevada Netjets Flight 879 (N879QS) was a flight originating from McClellan–Palomar Airport (IATA: CLD, ICAO: KCRQ, FAA LID: CRQ). While on approach to Reno–Tahoe International Airport (IATA: RNO, ICAO: KRNO, FAA LID: RNO), Flight 879 collided midair with a glider (N7729) 10 miles (16 km) west-northwest of Smith, Nevada, at an altitude of 16,000 feet (4,900 m) above sea level. Flight 879 landed safely with only minor injuries on board; the pilot of the glider parachuted to safety, but sustained minor injuries while landing.

During the investigation, the pilot of the glider stated that glider's transponder was off in order to preserve the batteries for radio use.[65]

2 + 1[65] 3[65]

See also edit

References edit

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  2. ^ "The Future Of Air Charter". Business Jet Traveler. 5 November 2020.
  3. ^ Motavalli, Jim. "Flexible Programs Attract More Private Flyers Wary of Commercial Flights". Barron's. ISSN 1077-8039. from the original on 13 February 2021. Retrieved 28 December 2021.
  4. ^ "NetJets: Leaders in private aviation". netjets.com. 5 October 2018. from the original on 18 September 2020. Retrieved 4 February 2021.
  5. ^ "March 2018 NetJets Fast Facts" (PDF). amazonaws.com. NetJets. 1 March 2018. (PDF) from the original on 21 October 2019. Retrieved 20 October 2019.
  6. ^ Simon, Hermann (19 July 2009). Hidden Champions of the Twenty-First Century: The Success Strategies of Unknown World Market Leaders. Springer Science+Business Media. p. 13. ISBN 978-0387981468. LCCN 2009928014. OCLC 889696178. OL 24537760M. NetJets poineered the fractional ownership concept for private jets.
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  8. ^ Catalano, Robin (20 January 2018). "NETJETS COMPARED TO WHEELS UP". sherpareport.com. SherpaReport. from the original on 2 July 2019. Retrieved 20 October 2019. NetJets, founded by three retired military pilots in 1964 as Executive Jet Aviation, is the granddaddy of fractional ownership and private jets. Since its inception, it has grown from a fleet of ten Learjet 23 aircraft to 10 types of planes and nearly 700 aircraft worldwide—the world's largest private jet fleet.
  9. ^ a b c d e f g h Daughen, Joseph R.; Binzen, Peter (1971). The Wreck of the Penn Central (1st ed.). Boston: Little, Brown and Company. ISBN 9780316095204.
  10. ^ United States Congress House Committee on Banking and Currency (1972). The Penn Central Failure and the Role of Financial Institutions: Staff Report of the Committee on Banking and Currency, House of Representatives, 92d Congress, First Session. Arno Press. p. 58. ISBN 978-0405003745. OCLC 1020583347. OL 22227843M.
  11. ^ "Brigadier General Olbert F. Lassiter Retired January 01, 1965, Died December 06, 1973". af.mil. November 1963. Archived from the original on 31 March 2021. Retrieved 15 March 2021.
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  13. ^ a b Worrells, D. Scott; NewMyer, David A.; Ruiz, Jose R. (1 December 2001). "The Evolution of Fractional Ownership: A Literature Review" (PDF). Journal of Aviation/Aerospace Education & Research. 10 (2). Embry–Riddle Aeronautical University: 41–59. doi:10.15394/jaaer.2001.1277. eISSN 2329-258X. ISSN 1065-1136. OCLC 990400903. from the original on 21 July 2018. Fractional ownership in its current form was launched in 1987. It evolved from a program that began in 1964 when the Pennsylvania Railroad put up the capital to finance Executive Jet Airways. Ten Learjet 23's were purchased with the mission to sell "blocks of usage" providing customers with business jet transportation wherever they wanted to go.
  14. ^ Freeze, Di (1 June 2003). "Paul Tibbets: A Rendezvous with History (part 3)". airportjournals.com. Airport Journals. from the original on 11 February 2015. Retrieved 21 October 2019. On April 21, 1976, Tibbets became president of Executive Jet Aviation, Inc.
  15. ^ "U.S. pilot who dropped Hiroshima bomb dies: report". Reuters. 1 November 2007. Archived from the original on 31 March 2021. Retrieved 31 March 2021.
  16. ^ Burger, Jeff (October 2009). "What Santulli accomplished". Business Jet Traveler. from the original on 22 September 2015. Retrieved 28 March 2021.
  17. ^ Collins, Richard L. (November 1998). "Executive Jet". Flying magazine. Retrieved 28 March 2021.
  18. ^ Miles, Robert T. (May 2002). "Buffett Air". Flying magazine. Retrieved 28 March 2021.
  19. ^ Teitelbaum, Richard (30 September 2013). "Berkshire Billionaire Found With More Shares Than Gates". Bloomberg L.P. from the original on 13 May 2019. Retrieved 15 March 2021.
  20. ^ Holden, Henry M. (6 November 2006). "NetJets And Dassault Ink $1.1 Billion Deal". airportjournals.com. Airport Journals. from the original on 8 January 2017. Retrieved 21 October 2019. Founded in 1996, NetJets Europe is the largest operator of business jets in Europe, with 100 jets and more than 1,200 customers.
  21. ^ "NetJets Aviation Fleet Details and History". planespotters.net. 4 April 2022. Retrieved 15 June 2022.
  22. ^ . Springfield News-Sun. Columbus, Ohio: Springfield News-Sun. Associated Press. 12 September 2009. ISSN 0744-6101. Archived from the original on 6 May 2011. Retrieved 20 October 2019. Sokol became CEO and chairman of NetJets in early August upon the abrupt resignation of longtime CEO Richard Santulli. Investor Warren Buffett, who controls parent company Berkshire Hathaway Inc., selected Sokol to help orchestrate a turnaround at NetJets.
  23. ^ Natalie Robehmed (14 January 2014). "How To Pitch Successfully From Rapper-Turned-Entrepreneur Jesse Itzler". Forbes. Retrieved 31 March 2015.
  24. ^ a b c "Berkshire's NetJets Buys Marquis Jet Card Company". Reuters. New York. 4 November 2010. from the original on 25 November 2017. Retrieved 20 October 2019. NEW YORK (Reuters) - NetJets Inc, the corporate aircraft unit of Warren Buffett's Berkshire Hathaway Inc (BRKa.N) (BRKb.N), said on Thursday it bought Marquis Jet, which has a program that sells flight time on NetJets planes. Terms of the sale were not disclosed.
  25. ^ "NetJets Orders Up to 275 Bombardier Challenger Business Jets" (Press release). Montréal: Bombardier Inc. 11 June 2012. from the original on 14 December 2018. Retrieved 20 October 2019. Today, just over one year after the largest business aircraft sale in its history, Bombardier Aerospace surpassed that record, announcing a firm order from NetJets Inc. for 100 Challenger business jets with options for an additional 175 aircraft.
  26. ^ MCMILLIN, MOLLY (13 June 2012). "NetJets order big for Cessna, but impact may be delayed". Aviation. The Wichita Eagle. ISSN 1046-3127. OCLC 20386511. from the original on 17 June 2012. Retrieved 20 October 2019. NetJets' order for up to 150 mid-size Citation Latitude business jets from Cessna Aircraft is the company's largest order for any single model of aircraft.
  27. ^ McMillin, Molly (13 June 2012). . The Wichita Eagle. Archived from the original on 17 June 2012. Retrieved 26 February 2021.
  28. ^ Lopez, Luciana (23 September 2014). "NetJets wins approval to launch China service". Reuters. New York. from the original on 11 December 2018. Retrieved 20 October 2019. NEW YORK (Reuters) - NetJets Inc [BRKNT.UL], the private aircraft charter company owned by Warren Buffett's Berkshire Hathaway Inc (BRKa.N), said on Tuesday that it had acquired approval to launch its aircraft charter service in China.
  29. ^ Das, Anupreeta (15 January 2015). "NetJets Unrest Puts Warren Buffett in a Rare Pinch". The Wall Street Journal. Archived from the original on 31 March 2021. Retrieved 31 March 2021.
  30. ^ "11-1023 - NetJets Large Aircraft, Inc. et al v. United States of America". govinfo.gov. United States Government Publishing Office. United States District Court Southern District of Ohio. 26 January 2015. from the original on 21 October 2019. Retrieved 21 October 2019.
  31. ^ Stempel, Jonathan (27 January 2015). "Berkshire's NetJets defeats $500 million IRS tax claim". Reuters. New York. from the original on 6 December 2017. Retrieved 20 October 2019. NEW YORK, Jan 27 (Reuters) - NetJets Inc, the private jet-sharing company owned by Warren Buffett's Berkshire Hathaway Inc, has defeated a U.S. Internal Revenue Service lawsuit attempting to recoup more than $500 million of unpaid taxes, penalties and interest.
  32. ^ Lewis, Nicole (6 December 2017). "Does the Senate tax bill really offer a tax break for private jets, as key Democrats claim?". The Washington Post. from the original on 18 January 2021. Retrieved 10 May 2021.
  33. ^ Weiker, Jim (15 August 2019). "Pilot says NetJets fired her because of her height". The Columbus Dispatch. ISSN 1074-097X. from the original on 15 August 2019. Retrieved 20 October 2019. After passing the initial flight test, Drerup "struggled to maintain control" of an Embraer Phenom 300 plane during a flight simulation. Her instructor told her she was too short, at 5 feet 2 inches, to properly control the rudders.
  34. ^ Solis, Nathan (13 August 2019). "Too Short to Fly: Female Pilot Sues Charter Over Firing". Courthouse News Service. from the original on 14 August 2019. Retrieved 25 November 2019. Drerup is 5 feet 2 inches tall, and claims she's been rated to fly five other planes – including two NetJets has in its fleet.
  35. ^ Puhak, Janine (14 August 2019). . Fox News. Archived from the original on 14 August 2019. Retrieved 10 May 2021.
  36. ^ Dorrian, Patrick (4 May 2022). "NetJets Defeats Female Pilot's Sex Bias Suit Over Short Stature". Bloomberg Law. Retrieved 7 September 2023.
  37. ^ Sullivan, Paul (30 May 2020). "Wealthy Fliers Worried About Coronavirus Turn to Private Jet Service". The New York Times. from the original on 4 March 2021. Retrieved 11 April 2021.
  38. ^ Morrison, Murdo (16 October 2020). "NetJets makes sustainable fuel promise". FlightGlobal. from the original on 26 January 2021. Retrieved 11 April 2021.
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  41. ^ Hemmerdinger, Jon (3 March 2021). "NetJets takes purchase rights for 20 Aerion AS2 supersonics". FlightGlobal.
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  43. ^ Sheetz, Michael (21 May 2021). "Aerion Supersonic shuts down, ending plans to build silent high speed business jets". CNBC. from the original on 21 May 2021. Retrieved 8 June 2021.
  44. ^ Niles, Russ (6 March 2022). "NetJets To Buy 150 Lilium eVTOLs". AVweb. Archived from the original on 7 March 2022. Retrieved 7 March 2022.
  45. ^ "UP TO 1,500 JETS TO JOIN THE NETJETS FLEET". netjets.com. Retrieved 21 September 2023.
  46. ^ Collis, Roger (6 December 1996). "Jet Time-Sharing Flies to Europe". The New York Times. Retrieved 14 December 2021.
  47. ^ "Luxury jet company NetJets Europe launches new plane at Manchester Airport" Manchester Evening News". 14 June 2015. Retrieved 14 December 2021.
  48. ^ Wynbrandt, James (August 2020). "The Future of Air Charter". Business Jet Traveler. Retrieved 9 February 2021.
  49. ^ a b Wynbrandt, Janes (July 2020). "Weighing your options". Business Jet Traveler. from the original on 25 October 2020. Retrieved 11 April 2021.
  50. ^ a b Ajmera, Ankit (20 November 2020). "Buffett's NetJets sees boost in 2021 from nervous wealthy fliers". Reuters. from the original on 1 January 2021. Retrieved 11 April 2021.
  51. ^ Copley, Nick (16 February 2022). "Largest Fractional Aircraft Ownership Companies in 2021". SherpaReport. Retrieved 24 February 2022.
  52. ^ Sarsfield, Kate (15 October 2018). "NBAA: NetJets in deal for 325 Cessna Longitude and Hemisphere jets". FlightGlobal. FLIGHT DAILY NEWS. from the original on 3 November 2018. Retrieved 21 October 2019. NetJets is the largest business aircraft operator in the world with a fleet of over 520 aircraft.
  53. ^ NetJets (2021). "Light Private Jets". netjets.com. Retrieved 21 July 2021.
  54. ^ a b c NetJets (2021). "Midsize Private Jets". netjets.com. Retrieved 21 July 2021.
  55. ^ a b NetJets (2021). "Super-Midsize Private Jets". netjets.com. Retrieved 21 July 2021.
  56. ^ NetJets (2021). "Large Private Jets". netjets.com. Retrieved 14 December 2021.
  57. ^ NetJets (2021). "Large Private Jets". netjets.com. Retrieved 21 July 2021.
  58. ^ a b c NetJets (2021). "Long-Range Private Jets". netjets.com. Retrieved 21 July 2021.
  59. ^ a b Accident description for ASN Aircraft accident Learjet 23 N434EJ Pellston-Emmet County Airport, MI (PLN) at the Aviation Safety Network. Retrieved on 26 October 2019.
  60. ^ "Reuther Dies in Jet Crash With Wife and 4 Others". The New York Times. Vol. CXIX, no. 41015 (Late City ed.). Detroit, Michigan. 11 May 1970. p. 1. eISSN 1553-8095. ISSN 0362-4331. OCLC 1645522. from the original on 26 June 2021. Retrieved 7 February 2022. DETROIT, May 10--Walter P. Reuther, the president of the United Automobile Workers, and his wife, May, died last night in a plane crash in northern Michigan. Mr. Reuther was 62 years old, and his wife was 59. Four other persons were also killed when the chartered Lear-Jet crashed in flames near Pellston, Mich., 260 miles northwest of Detroit, at 9:33 P.M. Michigan time (10:33 P.M. New York time).
  61. ^ Accident description for ASN Aircraft accident Cessna 650 Citation VII N782QS Columbus-Port Columbus International Airport, OH (CMH) at the Aviation Safety Network. Retrieved on 10 December 2019.
  62. ^ "National Transportation Safety Board Aviation Incident Final Report: NYC99LA051" (PDF). ntsb.gov. National Transportation Safety Board. 22 June 2000. (PDF) from the original on 10 December 2019. Retrieved 10 December 2019.
  63. ^ "NTSB: FTW02LA136 (Full Narrative)(N397QS)". ntsb.gov. National Transportation Safety Board. from the original on 6 May 2017. Retrieved 21 October 2019.
  64. ^ Accident description for ASN Aircraft accident Cessna 560 Citation Ultra N397QS Leakey, TX at the Aviation Safety Network. Retrieved on 22 October 2019.
  65. ^ a b c d "National Transportation Safety Board Aviation Incident Final Report: LAX06FA277A". ntsb.gov. National Transportation Safety Board. 20 March 2008. Retrieved 22 October 2019.
  66. ^ Accident description for ASN Aircraft accident Raytheon Hawker 800XP N879QS Carson City, NV at the Aviation Safety Network. Retrieved on 22 October 2019.

External links edit

  • Official website  

netjets, first, commercially, available, accelerator, netjet, american, company, that, sells, fractional, ownership, shares, private, business, jets, iata, icao, callsign1i, execjetfounded21, 1964, years, 1964, united, states, citation, needed, dxta401d, subsi. For the first commercially available web accelerator see NetJet NetJets Inc is an American company that sells fractional ownership shares in private business jets 6 NetJetsIATA ICAO Callsign1I EJA EXECJETFounded21 May 1964 59 years ago 1964 05 21 United States citation needed AOC DXTA401D 1 SubsidiariesExecutive Jet Management Inc NetJets Aviation Inc QS PartnersNetJets EuropeQS Security Services 2 Fleet size750 August 2020 3 DestinationsPoint to pointParent companyBerkshire HathawayHeadquartersColumbus Ohio United StatesKey peopleChairman and CEO Adam JohnsonPresident of Sales Marketing and Service Patrick Gallagher 4 Employees7 000 5 Websitewww wbr netjets wbr comFounded as Executive Jet Airways in 1964 it was later renamed Executive Jet Aviation NetJets became the first private business jet charter and aircraft management company in the world It launched its fractional ownership business in 1986 and became a subsidiary of Berkshire Hathaway in 1998 7 8 Contents 1 History 1 1 1960s 1 2 1980s 1 3 1990s 1 4 2000s 1 5 2010s 1 6 2020s 2 Subsidiaries 3 Business model 4 Fleet 5 Accidents and incidents 6 See also 7 References 8 External linksHistory edit nbsp NetJets aircraft all have the same paint scheme their US registration ends in QS for quarter share nbsp A NetJets Boeing Business Jet 737 700 that the company formerly operated photographed in 2009 nbsp A Netjets Citation Latitude in 2020 nbsp NetJets headquarters sign1960s edit The company was founded in 1964 and originally known as Executive Jet Airways The name was later changed to Executive Jet Aviation EJA and again in 2002 to NetJets after Berkshire Hathaway purchased it in 1998 NetJets was the first private business jet charter and aircraft management company in the world 7 The idea came from retired Air Force Brigadier General Olbert F Dick Lassiter who had experience running the Air Mission Squadron an air taxi service for the Air Force The idea was to run a similar service for private companies with a pool of corporate jets providing transportation instead of each company having to purchase and maintain their own plane 9 177 The founding members of the board of directors included US Air Force generals Curtis E LeMay and Paul Tibbets Washington lawyer and former military pilot Bruce Sundlun and entertainers and pilots James Stewart and Arthur Godfrey with Lassiter serving as president and chairman of the board 10 11 12 Shortly after its founding EJA began receiving regular investments from the Pennsylvania Railroad which were managed by accountant David Bevan In June 1965 the railroad purchased a majority of shares in EJA despite the fact that rail carriers were barred from owning air carriers by the Federal Aviation Act of 1958 9 183 To hide the investments from the PRR board Bevan made the payments through a subsidiary the American Contract Company which he was president of 9 179 EJA initially began operations in 1964 with a fleet of ten Learjet 23 aircraft 13 The company soon moved to acquire competitors and larger aircraft including two 707 jets and two 727 jets from Boeing but these could not be operated without approval from the Civil Aeronautics Board 9 185 The Pennsylvania Railroad argued its majority stake in EJA was legal as it consisted of non voting stock and anticipating approval from the CAB EJA licensed its larger jets to foreign airlines When the CAB instead ruled against EJA the company now found itself deeply unprofitable and the Pennsylvania Railroad attempted to sell off its stake However potential buyers lost interest after corporate spies for Pan Am acquired and leaked information on EJA s illegal interests 9 191 The Pennsylvania Railroad merged into Penn Central in 1968 and the search for a buyer continued Penn Central and EJA were ultimately fined 70 000 by the CAB in 1969 9 192 In 1970 the trustee for Penn Central s EJA shares voted to oust Lassiter and replace him with Bruce Sundlun On July 1 the day before he was voted in as president Sundlun led a midnight raid on EJA s corporate offices with the assistance of Pinkertons Lassiter attempted to retake the office with armed guards of his own shortly after but they were stopped by Sundlun s guards 9 177 Lassiter was later sued for his role in diverting 21 million of PRR money into EJA much of which had gone to his personal expenses 12 9 197 Sundlun Robert L Scott Jr and Joseph S Sinclair bought out the Penn Central interest in EJA in 1972 and stabilized the company s finances Paul Tibbets became president in 1976 14 15 1980s edit In 1984 Executive Jet Aviation was purchased by mathematician and former Goldman Sachs executive Richard Santulli who owned a business that leased helicopters to service providers of offshore oil operations When Santulli became chairman and CEO of the corporation he closely examined 22 years of pilot logbooks and began to envision a new economic model where several individuals could own one aircraft 16 In 1987 the NetJets program was officially announced becoming the first fractional aircraft ownership format in history 13 Around the same time painted on every NetJets US aircraft is a registration ending with QS symbolizing the concept of selling quarter shares of an aircraft a feature that is still representative of the NetJets brand today 17 18 1990s edit In 1998 Berkshire Hathaway acquired EJA and NetJets Inc from Richard Santulli for US 725 million half of which was paid in stock 19 NetJets soon expanded to Europe and then Russia and by 2006 it was the largest operator of business jets in Europe 20 2000s edit The company operated a fleet of nine Boeing 737 700 Boeing Business Jets in the mid 2000s since then sold off 21 In early August 2009 Santulli resigned as CEO and was replaced by David Sokol Shortly afterward NetJets moved its corporate headquarters from New Jersey back to its original home in Columbus Ohio 22 2010s edit In 2010 NetJets acquired Marquis Jet from founders Jesse Itzler and Kenny Dichter 23 The prepaid Marquis Jet card allowed customers to purchase 25 hours of guaranteed flight time on the NetJets fleet 24 On 11 June 2012 NetJets placed the largest aircraft order in private aviation history totaling US 17 6B The company placed a firm order for 30 Bombardier Global 5000 6000 jets 25 Bombardier Challenger 650 jets 75 Bombardier Challenger 350s 25 Cessna Citation Latitudes and 50 Embraer Phenom 300s 25 As a part of this purchase agreement it also placed conditional orders for an additional 40 Bombardier Global 5000 6000s 50 Bombardier Challenger 650 125 Bombardier Challenger 350s 125 Cessna Citation Latitudes and 75 Embraer Phenom 300s As a result of these orders NetJets became Cessna s largest business jet fleet owner 26 27 In September 2014 NetJets acquired approval to launch its aircraft charter service in China having worked with Chinese authorities since 2012 to secure the operating certificate 28 In 2015 the company s pilots picketed the Wynn resort in Las Vegas where company owner Warren Buffett was hosting some of his wealthiest customers The event was symbolic of deteriorating labor relations within the company at this time 29 The Internal Revenue Service IRS had sought back taxes and penalties of 643 million from NetJets for periods beginning in 2003 including on its maintenance and service fees NetJets filed a lawsuit challenging the IRS assessments In January 2015 the United States District Court issued a decision in NetJets favor holding that the IRS assessments were unlawful 30 31 32 In 2019 a former NetJets pilot filed a lawsuit alleging that in March 2017 the company violated US Civil Right and Ohio anti discrimination law when she was fired for being too short 5 feet 2 inches 157 cm to properly control the rudders of an Embraer Phenom 300 She states that male pilots who were too tall were reassigned to different aircraft while her employment was terminated without the opportunity to fly a different plane 33 34 35 An Ohio federal judge ruled in favor of NetJets in 2022 citing the plaintiff s failure to prove sex discrimination 36 2020s edit In the spring of 2020 the company saw a boom in demand as wealthy individuals sought to avoid the risks of airline flying during the COVID 19 pandemic Previously many potential customers had concerns about the optics of opulence and the environmental issues of private jet transport but NetJets President of Sales Marketing and Service Patrick Gallagher noted in May 2020 that the health risks associated with flying on commercial airlines during the pandemic had trumped those concerns The company introduced regular employee COVID 19 testing to try to contain the risks of an outbreak on its aircraft 37 In October 2020 the company made initial moves to reduce its carbon footprint The company committed to buying up to 3 million gallons 11 4 million litres of sustainable aviation fuel to be used at two of its bases San Francisco and Columbus Ohio The company is also encouraging its customers to buy carbon offsets for their flights The company will also buy its own offsets for its administration and training flights 38 As of November 2020 almost half of the company s fleet was manufactured by Textron and the rest by Bombardier Inc and Embraer After reducing its delivery target for 2021 by more than half due to decreased demand caused by the COVID 19 pandemic in 2020 the company expected to take delivery of 40 new aircraft in 2021 in anticipation of industry recovery 39 In February 2021 the company purchased a stake in WasteFuel a business that will convert landfill waste into sustainable aviation fuel SAF NetJets plans to purchase 100 million gallons of SAF from WasteFuel over the next 10 years as part of the deal 40 In March 2021 NetJets announced that it had ordered 20 Aerion AS2s supersonic business jets The memorandum of understanding between NetJets and Aerion called for the two companies to operate a larger Aerion Connect network 41 42 Aerion abruptly announced its closure on 21 May 2021 due to the inability to raise the needed capital to continue 43 The company announced in March 2022 that it would partner with Lilium GmbH to establish an eVTOL network in Florida NetJets will buy 150 Lilium Jets and operate them under a FAR Part 135 charter operation 44 NetJets announced in September 2023 that it will be purchasing up to 1 500 Cessna Citation jets from Textron Aviation Deliveries for this 15 year deal are expected to begin in 2025 45 Subsidiaries editNetJets Europe also known by its corporate legal name NetJets Transportes Aereos S A was launched in 1996 as a sister company of NetJets and is now a subsidiary 46 It is based in Oeiras Portugal and serves more than 5 000 airports globally 47 Also among NetJets subsidiaries is Executive Jet Management EJM based in Cincinnati Ohio which offers aircraft management and charter services QS Partners is the whole aircraft brokerage arm of NetJets launched in 2016 and officing in Columbus Ohio Boulder Colorado and London it also exclusively resells used aircraft from NetJets fleet QS Security Services was launched by NetJets in October 2019 with tiered security packages based on passenger needs and threat level at destination Initially only available at Paris Le Bourget and in Mexico future plans include worldwide coverage by 2023 48 Business model edit nbsp nbsp NetJets headquarters at John Glenn Columbus International Airport NetJets sells fractions of specific aircraft chosen from several available types at the time of purchase Owners then have guaranteed access 50 400 hours annually depending on share size to that aircraft with as little as four hours notice If the owner s aircraft is unavailable for some reason another aircraft of the same type or a larger aircraft will be provided 49 50 Fractional owners pay monthly maintenance fees for a minimum of 50 annual flight hours and a five year commitment as well as operating fees by the hour for use of aircraft Alternatively customers may buy flight hours in 25 hour increments by way of jet card programs 24 Fractional owners also pay an occupied hourly operating fee but it is charged only when an owner or guest is on board not for ferry flights 49 50 NetJets is the largest fractional aircraft provider In 2021 its fleet flew 478 444 hours 51 For companies or individuals that require less than the minimum 50 flight hours and the five year commitment of fractional ownership they can buy flight hours in 25 hour increments via the NetJets jet card programs 24 Fleet edit nbsp NetJets Bombardier Global 7500NetJets is the largest private jet operator in the world 52 The NetJets fleet as of 29 July 2022 update Aircraft Type Number of AircraftEmbraer Phenom 300 53 111Cessna Citation XLS 54 76Cessna Citation Sovereign 54 38Cessna Citation Latitude 54 162Bombardier Challenger 350 55 85Cessna Citation Longitude 55 29Dassault Falcon 2000EX NetJets Europe fleet 56 15Bombardier Challenger 650 57 33Gulfstream G450 citation needed 6Bombardier Global 5000 58 14Bombardier Global 6000 58 32Bombardier Global 7500 58 3Total Aircraft 604As of March 2024 NetJets global fleet included more than 750 aircraft Accidents and incidents editNetJets reported incidents Date Flight Aircraft Location Description Fatal Serious Minor Uninjured9 May 1970 N434EJ 59 flying as Executive Jet Aviation Learjet 23 Pellston Michigan Controlled flight into terrain while landing at Pellston Emmet County Airport IATA PLN ICAO KPLN FAA LID PLN UAW President Walter Reuther his wife May and architect Oscar Stonorov were killed in the crash 60 6 59 22 January 1999 N782QS 61 62 flying as Executive Jet Aviation Cessna 650 Citation VII Columbus Ohio During a training flight the aircraft was landing at Port Columbus International Airport IATA CMH ICAO KCMH FAA LID CMH when the right main landing gear collapsed Two certificated airline transport pilots a company pilot and a company intern were on board Inadequate design of the landing gear was found to be the probable cause 42 May 2002 N397QS 63 64 Cessna Citation 560 Leakey Texas Arriving from Houston Hobby IATA HOU ICAO KHOU FAA LID HOU the aircraft landed more than halfway down the runway at Real County Airport FAA LID 49R The aircraft overran the departure end of the runway and collided with trees A post impact fire consumed the aircraft after the crew and four passengers were able to evacuate 628 August 2006 N879QS 65 66 Hawker 800XP Smith Nevada Netjets Flight 879 N879QS was a flight originating from McClellan Palomar Airport IATA CLD ICAO KCRQ FAA LID CRQ While on approach to Reno Tahoe International Airport IATA RNO ICAO KRNO FAA LID RNO Flight 879 collided midair with a glider N7729 10 miles 16 km west northwest of Smith Nevada at an altitude of 16 000 feet 4 900 m above sea level Flight 879 landed safely with only minor injuries on board the pilot of the glider parachuted to safety but sustained minor injuries while landing During the investigation the pilot of the glider stated that glider s transponder was off in order to preserve the batteries for radio use 65 2 1 65 3 65 See also editAirSprint Air taxi Flexjet Fractional ownership of aircraft List of charter airlines PlaneSense VistaJet Wheels UpReferences edit Federal Aviation Administration Airline Certificate Information Detail View faa gov Federal Aviation Administration 16 September 2023 Archived from the original on 17 September 2023 Retrieved 16 September 2023 The Future Of Air Charter Business Jet Traveler 5 November 2020 Motavalli Jim Flexible Programs Attract More Private Flyers Wary of Commercial Flights Barron s ISSN 1077 8039 Archived from the original on 13 February 2021 Retrieved 28 December 2021 NetJets Leaders in private aviation netjets com 5 October 2018 Archived from the original on 18 September 2020 Retrieved 4 February 2021 March 2018 NetJets Fast Facts PDF amazonaws com NetJets 1 March 2018 Archived PDF from the original on 21 October 2019 Retrieved 20 October 2019 Simon Hermann 19 July 2009 Hidden Champions of the Twenty First Century The Success Strategies of Unknown World Market Leaders Springer Science Business Media p 13 ISBN 978 0387981468 LCCN 2009928014 OCLC 889696178 OL 24537760M NetJets poineered the fractional ownership concept for private jets a b Mark Huber 16 May 2015 NetJets Trounces Rivals barrons com Archived from the original on 31 March 2021 Retrieved 31 March 2021 Catalano Robin 20 January 2018 NETJETS COMPARED TO WHEELS UP sherpareport com SherpaReport Archived from the original on 2 July 2019 Retrieved 20 October 2019 NetJets founded by three retired military pilots in 1964 as Executive Jet Aviation is the granddaddy of fractional ownership and private jets Since its inception it has grown from a fleet of ten Learjet 23 aircraft to 10 types of planes and nearly 700 aircraft worldwide the world s largest private jet fleet a b c d e f g h Daughen Joseph R Binzen Peter 1971 The Wreck of the Penn Central 1st ed Boston Little Brown and Company ISBN 9780316095204 United States Congress House Committee on Banking and Currency 1972 The Penn Central Failure and the Role of Financial Institutions Staff Report of the Committee on Banking and Currency House of Representatives 92d Congress First Session Arno Press p 58 ISBN 978 0405003745 OCLC 1020583347 OL 22227843M Brigadier General Olbert F Lassiter Retired January 01 1965 Died December 06 1973 af mil November 1963 Archived from the original on 31 March 2021 Retrieved 15 March 2021 a b Lassiter s Bail Is Set The New York Times 30 August 1972 Archived from the original on 31 March 2021 Retrieved 31 March 2021 a b Worrells D Scott NewMyer David A Ruiz Jose R 1 December 2001 The Evolution of Fractional Ownership A Literature Review PDF Journal of Aviation Aerospace Education amp Research 10 2 Embry Riddle Aeronautical University 41 59 doi 10 15394 jaaer 2001 1277 eISSN 2329 258X ISSN 1065 1136 OCLC 990400903 Archived from the original on 21 July 2018 Fractional ownership in its current form was launched in 1987 It evolved from a program that began in 1964 when the Pennsylvania Railroad put up the capital to finance Executive Jet Airways Ten Learjet 23 s were purchased with the mission to sell blocks of usage providing customers with business jet transportation wherever they wanted to go Freeze Di 1 June 2003 Paul Tibbets A Rendezvous with History part 3 airportjournals com Airport Journals Archived from the original on 11 February 2015 Retrieved 21 October 2019 On April 21 1976 Tibbets became president of Executive Jet Aviation Inc U S pilot who dropped Hiroshima bomb dies report Reuters 1 November 2007 Archived from the original on 31 March 2021 Retrieved 31 March 2021 Burger Jeff October 2009 What Santulli accomplished Business Jet Traveler Archived from the original on 22 September 2015 Retrieved 28 March 2021 Collins Richard L November 1998 Executive Jet Flying magazine Retrieved 28 March 2021 Miles Robert T May 2002 Buffett Air Flying magazine Retrieved 28 March 2021 Teitelbaum Richard 30 September 2013 Berkshire Billionaire Found With More Shares Than Gates Bloomberg L P Archived from the original on 13 May 2019 Retrieved 15 March 2021 Holden Henry M 6 November 2006 NetJets And Dassault Ink 1 1 Billion Deal airportjournals com Airport Journals Archived from the original on 8 January 2017 Retrieved 21 October 2019 Founded in 1996 NetJets Europe is the largest operator of business jets in Europe with 100 jets and more than 1 200 customers NetJets Aviation Fleet Details and History planespotters net 4 April 2022 Retrieved 15 June 2022 Cuts at NetJets delay expansion plans in Ohio Springfield News Sun Columbus Ohio Springfield News Sun Associated Press 12 September 2009 ISSN 0744 6101 Archived from the original on 6 May 2011 Retrieved 20 October 2019 Sokol became CEO and chairman of NetJets in early August upon the abrupt resignation of longtime CEO Richard Santulli Investor Warren Buffett who controls parent company Berkshire Hathaway Inc selected Sokol to help orchestrate a turnaround at NetJets Natalie Robehmed 14 January 2014 How To Pitch Successfully From Rapper Turned Entrepreneur Jesse Itzler Forbes Retrieved 31 March 2015 a b c Berkshire s NetJets Buys Marquis Jet Card Company Reuters New York 4 November 2010 Archived from the original on 25 November 2017 Retrieved 20 October 2019 NEW YORK Reuters NetJets Inc the corporate aircraft unit of Warren Buffett s Berkshire Hathaway Inc BRKa N BRKb N said on Thursday it bought Marquis Jet which has a program that sells flight time on NetJets planes Terms of the sale were not disclosed NetJets Orders Up to 275 Bombardier Challenger Business Jets Press release Montreal Bombardier Inc 11 June 2012 Archived from the original on 14 December 2018 Retrieved 20 October 2019 Today just over one year after the largest business aircraft sale in its history Bombardier Aerospace surpassed that record announcing a firm order from NetJets Inc for 100 Challenger business jets with options for an additional 175 aircraft MCMILLIN MOLLY 13 June 2012 NetJets order big for Cessna but impact may be delayed Aviation The Wichita Eagle ISSN 1046 3127 OCLC 20386511 Archived from the original on 17 June 2012 Retrieved 20 October 2019 NetJets order for up to 150 mid size Citation Latitude business jets from Cessna Aircraft is the company s largest order for any single model of aircraft McMillin Molly 13 June 2012 NetJets order big for Cessna but impact may be delayed The Wichita Eagle Archived from the original on 17 June 2012 Retrieved 26 February 2021 Lopez Luciana 23 September 2014 NetJets wins approval to launch China service Reuters New York Archived from the original on 11 December 2018 Retrieved 20 October 2019 NEW YORK Reuters NetJets Inc BRKNT UL the private aircraft charter company owned by Warren Buffett s Berkshire Hathaway Inc BRKa N said on Tuesday that it had acquired approval to launch its aircraft charter service in China Das Anupreeta 15 January 2015 NetJets Unrest Puts Warren Buffett in a Rare Pinch The Wall Street Journal Archived from the original on 31 March 2021 Retrieved 31 March 2021 11 1023 NetJets Large Aircraft Inc et al v United States of America govinfo gov United States Government Publishing Office United States District Court Southern District of Ohio 26 January 2015 Archived from the original on 21 October 2019 Retrieved 21 October 2019 Stempel Jonathan 27 January 2015 Berkshire s NetJets defeats 500 million IRS tax claim Reuters New York Archived from the original on 6 December 2017 Retrieved 20 October 2019 NEW YORK Jan 27 Reuters NetJets Inc the private jet sharing company owned by Warren Buffett s Berkshire Hathaway Inc has defeated a U S Internal Revenue Service lawsuit attempting to recoup more than 500 million of unpaid taxes penalties and interest Lewis Nicole 6 December 2017 Does the Senate tax bill really offer a tax break for private jets as key Democrats claim The Washington Post Archived from the original on 18 January 2021 Retrieved 10 May 2021 Weiker Jim 15 August 2019 Pilot says NetJets fired her because of her height The Columbus Dispatch ISSN 1074 097X Archived from the original on 15 August 2019 Retrieved 20 October 2019 After passing the initial flight test Drerup struggled to maintain control of an Embraer Phenom 300 plane during a flight simulation Her instructor told her she was too short at 5 feet 2 inches to properly control the rudders Solis Nathan 13 August 2019 Too Short to Fly Female Pilot Sues Charter Over Firing Courthouse News Service Archived from the original on 14 August 2019 Retrieved 25 November 2019 Drerup is 5 feet 2 inches tall and claims she s been rated to fly five other planes including two NetJets has in its fleet Puhak Janine 14 August 2019 Female pilot suing former employer after being told she s too short to fly Gloria Allred representing Fox News Archived from the original on 14 August 2019 Retrieved 10 May 2021 Dorrian Patrick 4 May 2022 NetJets Defeats Female Pilot s Sex Bias Suit Over Short Stature Bloomberg Law Retrieved 7 September 2023 Sullivan Paul 30 May 2020 Wealthy Fliers Worried About Coronavirus Turn to Private Jet Service The New York Times Archived from the original on 4 March 2021 Retrieved 11 April 2021 Morrison Murdo 16 October 2020 NetJets makes sustainable fuel promise FlightGlobal Archived from the original on 26 January 2021 Retrieved 11 April 2021 Ajmera Ankit 20 November 2020 Buffett s NetJets sees boost in 2021 from nervous wealthy fliers Reuters Retrieved 26 February 2021 Boatman Julie 16 February 2021 NetJets Clay Lacy Aviation Make Moves Towards Sustainability Flying Archived from the original on 9 June 2021 Retrieved 9 June 2021 Hemmerdinger Jon 3 March 2021 NetJets takes purchase rights for 20 Aerion AS2 supersonics FlightGlobal O Connor Kate 3 March 2021 NetJets Secures Options For 20 Supersonic Bizjets AVweb Archived from the original on 7 May 2022 Retrieved 5 March 2021 Sheetz Michael 21 May 2021 Aerion Supersonic shuts down ending plans to build silent high speed business jets CNBC Archived from the original on 21 May 2021 Retrieved 8 June 2021 Niles Russ 6 March 2022 NetJets To Buy 150 Lilium eVTOLs AVweb Archived from the original on 7 March 2022 Retrieved 7 March 2022 UP TO 1 500 JETS TO JOIN THE NETJETS FLEET netjets com Retrieved 21 September 2023 Collis Roger 6 December 1996 Jet Time Sharing Flies to Europe The New York Times Retrieved 14 December 2021 Luxury jet company NetJets Europe launches new plane at Manchester Airport Manchester Evening News 14 June 2015 Retrieved 14 December 2021 Wynbrandt James August 2020 The Future of Air Charter Business Jet Traveler Retrieved 9 February 2021 a b Wynbrandt Janes July 2020 Weighing your options Business Jet Traveler Archived from the original on 25 October 2020 Retrieved 11 April 2021 a b Ajmera Ankit 20 November 2020 Buffett s NetJets sees boost in 2021 from nervous wealthy fliers Reuters Archived from the original on 1 January 2021 Retrieved 11 April 2021 Copley Nick 16 February 2022 Largest Fractional Aircraft Ownership Companies in 2021 SherpaReport Retrieved 24 February 2022 Sarsfield Kate 15 October 2018 NBAA NetJets in deal for 325 Cessna Longitude and Hemisphere jets FlightGlobal FLIGHT DAILY NEWS Archived from the original on 3 November 2018 Retrieved 21 October 2019 NetJets is the largest business aircraft operator in the world with a fleet of over 520 aircraft NetJets 2021 Light Private Jets netjets com Retrieved 21 July 2021 a b c NetJets 2021 Midsize Private Jets netjets com Retrieved 21 July 2021 a b NetJets 2021 Super Midsize Private Jets netjets com Retrieved 21 July 2021 NetJets 2021 Large Private Jets netjets com Retrieved 14 December 2021 NetJets 2021 Large Private Jets netjets com Retrieved 21 July 2021 a b c NetJets 2021 Long Range Private Jets netjets com Retrieved 21 July 2021 a b Accident description for ASN Aircraft accident Learjet 23 N434EJ Pellston Emmet County Airport MI PLN at the Aviation Safety Network Retrieved on 26 October 2019 Reuther Dies in Jet Crash With Wife and 4 Others The New York Times Vol CXIX no 41015 Late City ed Detroit Michigan 11 May 1970 p 1 eISSN 1553 8095 ISSN 0362 4331 OCLC 1645522 Archived from the original on 26 June 2021 Retrieved 7 February 2022 DETROIT May 10 Walter P Reuther the president of the United Automobile Workers and his wife May died last night in a plane crash in northern Michigan Mr Reuther was 62 years old and his wife was 59 Four other persons were also killed when the chartered Lear Jet crashed in flames near Pellston Mich 260 miles northwest of Detroit at 9 33 P M Michigan time 10 33 P M New York time Accident description for ASN Aircraft accident Cessna 650 Citation VII N782QS Columbus Port Columbus International Airport OH CMH at the Aviation Safety Network Retrieved on 10 December 2019 National Transportation Safety Board Aviation Incident Final Report NYC99LA051 PDF ntsb gov National Transportation Safety Board 22 June 2000 Archived PDF from the original on 10 December 2019 Retrieved 10 December 2019 NTSB FTW02LA136 Full Narrative N397QS ntsb gov National Transportation Safety Board Archived from the original on 6 May 2017 Retrieved 21 October 2019 Accident description for ASN Aircraft accident Cessna 560 Citation Ultra N397QS Leakey TX at the Aviation Safety Network Retrieved on 22 October 2019 a b c d National Transportation Safety Board Aviation Incident Final Report LAX06FA277A ntsb gov National Transportation Safety Board 20 March 2008 Retrieved 22 October 2019 Accident description for ASN Aircraft accident Raytheon Hawker 800XP N879QS Carson City NV at the Aviation Safety Network Retrieved on 22 October 2019 External links edit nbsp Wikimedia Commons has media related to NetJets Official website nbsp Portals nbsp United States nbsp Ohio nbsp Companies nbsp Aviation Retrieved from https en wikipedia org w index php title NetJets amp oldid 1214542208 2010s, 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