Understanding NetJets Costs: A Complete Guide Relating to private aviation, NetJets is a reputation that stands out. Established in 1964, it has change into synonymous with fractional ownership and private jet services. For these considering the luxurious and comfort of private flying, understanding the prices associated with NetJets is essential. This article will break down the assorted costs concerned in utilizing NetJets providers, serving to potential clients make knowledgeable selections. What's NetJets? NetJets operates on a fractional possession mannequin, allowing people and companies to buy a share of a private jet. This mannequin offers entry to a fleet of over seven hundred aircraft without the complete financial burden of owning a private jet outright. The corporate also presents jet card applications for individuals who prefer a pay-as-you-go option. Preliminary Prices of Ownership Acquisition Prices: The first important cost associated with NetJets is the acquisition of a share in an aircraft. Relying on the dimensions and sort of jet, this can range from $100,000 to several million dollars. For example, a share in a gentle jet could price around $500,000, whereas a share in a bigger jet may exceed $three million. Share Dimension: The scale of the share you buy determines what number of hours you can fly annually. Shares typically range from 1/16 to 1/2 ownership, with larger shares permitting for extra flight hours. A 1/sixteen share often gives 50 flight hours per yr, whereas a 1/2 share can provide as much as four hundred hours. Ongoing Prices After the initial funding, owners should be prepared for ongoing costs, which can add up significantly over time.