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Founded | 21 May 1964 United States[citation needed] | ||||||
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AOC # | DXTA401D[1] | ||||||
Subsidiaries |
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Fleet size | 750 (August 2020)[3] | ||||||
Destinations | Point to point | ||||||
Parent company | Berkshire Hathaway | ||||||
Headquarters | Columbus, Ohio, United States | ||||||
Key people | |||||||
Employees | 7,000[5] | ||||||
Website | www |
NetJets Inc. is an American company that sells fractional ownership shares in private business jets.[6]
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]
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was invoked but never defined (see the help page).NetJets poineered the fractional ownership concept for private jets.
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.