As one of our premier global business jets, the Gulfstream G450 will connect you to your destination with ease while providing an exceptional long-range travel experience from takeoff to landing. NetJets was founded in 1964 as Executive Jet Aviation. NetJets posted a $711 million loss, and Buffett said without Berkshire guaranteeing its debt, “NetJets would have been out of business.” This time around, it looks like the fractional fleet operator is doing significantly better. But, as is the case with seemingly all current private jet businesses, it's not a business model that will warm the hearts and minds of those looking to truly make aviation and business history. NetJets, the private-plane unit of Warren Buffett’s Berkshire Hathaway Inc., signed purchase rights for 20 supersonic business aircraft from Aerion, a … NetJets subsequently acquired the Marquis Jet Card program in 2010. A 1999 profile by Forbes noted over the previous four years, NetJets “purchased nearly 600 planes worth $10 billion—about 40% of the world's business jet market.” Offering fractional ownership and jet card services, NetJets’ business model involves owning its own fleet of … Business Model & Infrastructure. It was the first private business jet charter and aircraft management company. NetJets, a subsidiary of Berkshire Hathaway, has provided private jet services since its founding in 1964. NetJets was renamed in 1984 and acquired by Warren Buffet, a NetJets share owner, in 1998, who added it to the Berkshire Hathaway umbrella. ... NetJets … NetJets Inc., a subsidiary of Berkshire Hathaway, is an American company that sells part ownership or shares of private business jets. Whether these gains will someday erase the historical investment and operating losses in NetJets is unknown. NetJets, FlightSafety and Dairy Queen After poring over 22 years’ worth of pilot logbooks, he crafted an innovative new model of fractional aircraft ownership. Also, an experienced NetJets flight attendant is on board every flight. NetJets’ industry-leading scale and business model offer NetJets and its Owners dependable financial sustainability unlike any other in the industry. The company has a budget-focused business model that sells available seats in its Challenger 850s between $460 and $490, on top of its $100 monthly membership fee. 55+ years of unmatched scale and experience, coupled with a solid business model, offer us, and our Owners, financial dependability that is unlike any other in the industry. NetJets’ fractional-ownership business model really hasn’t changed much. NetJets Inc., formerly Executive Jet Aviation, was founded in 1964 as the first private business jet charter and aircraft management company in the world.