A new type of ownership
In 1986, our founder came across a problem. Looking for a convenient and flexible way to fly, he considered buying a private jet. But while the freedom of ownership made sense, the expense and responsibilities that came with it didn't.
He then considered co-ownership. Managing the schedules of his intended co-owners, however, proved impossible. And he would still have to hire pilots, hangar the plane, and manage its maintenance.
The need for a new ownership model became apparent. One with all the benefits of having access to your own plane, but none of the hassle or unreasonable expense.
Fractional ownership was born.
Backing from Warren Buffett
After three years of being a NetJets Owner, Warren Buffett was so impressed he bought the entire company in 1998. With the unmatched resources of Berkshire Hathaway behind us, we’ve been able to invest whatever is necessary to provide the safest, most reliable private jet service available.
Setting industry standards