PRESS RELEASE
NetJets Launches First Buyer's Guide To Fractional Aircraft Ownership
NetJets Launches First Buyer's Guide To Fractional Aircraft Ownership
WOODBRIDGE, NJ July 24, 2001 -- NetJets®, the pioneer and worldwide leader in the rapidly growing fractional aircraft ownership market, today introduced The Buyer’s Guide To Fractional Aircraft Ownership. This is the first definitive publication designed to help individuals and companies who are considering private business jet alternatives ask the key questions to determine what private aviation solutions best meet their needs.
Release of the new 36-page Buyer’s Guide comes at a time when the business jet market has exploded, primarily due to the growth of fractional aircraft ownership. Fractional aircraft ownership is growing nearly 40 percent a year. The concept has made owning a private business jet affordable to a greater number of individuals and companies by delivering all the advantages of private jet ownership at a fraction of the cost.
Consider this about fractional aircraft ownership. If you want to fly 50 hours a year in a light jet that has a cost of $6 million for the entire aircraft, you can purchase a 1/16 ownership interest for as little as $375,000. NetJets offers fractional shares in 12 different business jets ranging from the Citation Bravo to the Boeing Business Jet. Annual management costs and hourly rates are fixed and predictable and are significantly less than if you owned the entire aircraft. NetJets guarantees aircraft availability 365 days a year and owners have guaranteed liquidity of their fractional interest.
Warren Buffett is considered by many to be one of the most financially astute investors in the world. His approach is simple. Educate yourself. It’s the smart thing to do, because you should invest only in things you really understand. So follow Mr. Buffett’s philosophy, arm yourself with the right questions and get the answers you need before you buy. Mr. Buffett, the chairman and chief executive officer of the Berkshire Hathaway Company, did just that. He recognized the potential of fractional aircraft ownership.
In 1998, Mr. Buffett purchased the fractional jet ownership industry’s leader, Executive Jet, Inc. and its NetJets fractional aircraft ownership program. In the last six years, Executive Jet has ordered 942 new aircraft for the NetJets program, more than one-third of the total orders placed worldwide, as it seeks to satisfy a customer base that continues to grow nearly 40 percent a year.
“The fractional aircraft business is expanding at unprecedented levels,” said Kevin Russell, Executive Jet senior vice president. “The offerings of fractional ownership companies differ widely. And while the benefits of fractional ownership are considerable, there is a great deal to investigate before selecting a fractional ownership provider. Making the decision to acquire a fractional interest in a jet aircraft can be complex. It’s one of the largest purchases most people will ever make, and that’s why we created The Buyer’s Guide To Fractional Aircraft Ownership.”
The new Buyer’s Guide offers a candid look at the advantages of fractional ownership, presents the issues and asks the key questions necessary to determine how to choose the customized aviation solution that’s right for companies, individuals, and their families. It offers insights into the factors affecting the long-term financial investment of fractional jet ownership including a comprehensive review of the critical elements in the fractional ownership decision process: experience, safety, training, and customer service. It offers straight talk on how to evaluate a fractional aircraft ownership company and how to evaluate the economics of fractional ownership versus charter and full aircraft ownership.
For a free copy of The Buyer’s Guide to Fractional Aircraft Ownership, call 1-877-NETJETS (1-877-638-5387) or order online at: www.netjets.com
Contact:
Maryann Aarseth
NetJets Inc.
732-326-3735
maarseth@netjets.com
Release of the new 36-page Buyer’s Guide comes at a time when the business jet market has exploded, primarily due to the growth of fractional aircraft ownership. Fractional aircraft ownership is growing nearly 40 percent a year. The concept has made owning a private business jet affordable to a greater number of individuals and companies by delivering all the advantages of private jet ownership at a fraction of the cost.
Consider this about fractional aircraft ownership. If you want to fly 50 hours a year in a light jet that has a cost of $6 million for the entire aircraft, you can purchase a 1/16 ownership interest for as little as $375,000. NetJets offers fractional shares in 12 different business jets ranging from the Citation Bravo to the Boeing Business Jet. Annual management costs and hourly rates are fixed and predictable and are significantly less than if you owned the entire aircraft. NetJets guarantees aircraft availability 365 days a year and owners have guaranteed liquidity of their fractional interest.
Warren Buffett is considered by many to be one of the most financially astute investors in the world. His approach is simple. Educate yourself. It’s the smart thing to do, because you should invest only in things you really understand. So follow Mr. Buffett’s philosophy, arm yourself with the right questions and get the answers you need before you buy. Mr. Buffett, the chairman and chief executive officer of the Berkshire Hathaway Company, did just that. He recognized the potential of fractional aircraft ownership.
In 1998, Mr. Buffett purchased the fractional jet ownership industry’s leader, Executive Jet, Inc. and its NetJets fractional aircraft ownership program. In the last six years, Executive Jet has ordered 942 new aircraft for the NetJets program, more than one-third of the total orders placed worldwide, as it seeks to satisfy a customer base that continues to grow nearly 40 percent a year.
“The fractional aircraft business is expanding at unprecedented levels,” said Kevin Russell, Executive Jet senior vice president. “The offerings of fractional ownership companies differ widely. And while the benefits of fractional ownership are considerable, there is a great deal to investigate before selecting a fractional ownership provider. Making the decision to acquire a fractional interest in a jet aircraft can be complex. It’s one of the largest purchases most people will ever make, and that’s why we created The Buyer’s Guide To Fractional Aircraft Ownership.”
The new Buyer’s Guide offers a candid look at the advantages of fractional ownership, presents the issues and asks the key questions necessary to determine how to choose the customized aviation solution that’s right for companies, individuals, and their families. It offers insights into the factors affecting the long-term financial investment of fractional jet ownership including a comprehensive review of the critical elements in the fractional ownership decision process: experience, safety, training, and customer service. It offers straight talk on how to evaluate a fractional aircraft ownership company and how to evaluate the economics of fractional ownership versus charter and full aircraft ownership.
For a free copy of The Buyer’s Guide to Fractional Aircraft Ownership, call 1-877-NETJETS (1-877-638-5387) or order online at: www.netjets.com
Contact:
Maryann Aarseth
NetJets Inc.
732-326-3735
maarseth@netjets.com
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