Are you familiar with NetJets? If you’re a frequent flyer or a jetsetter, you’ve likely heard of this premier private jet company. NetJets, the brainchild of Richard Santulli, has been providing exceptional private aviation services for over 50 years. In this blog post, we’ll delve deeper into Santulli NetJets, exploring everything from its safety record and fleet size to its cost per hour and recent orders. Plus, we’ll answer some common questions about the company, including who sold it to Warren Buffett and how it differs from Wheels Up. So, sit back, relax, and get ready to learn all about Santulli NetJets!
Santulli: The NetJets Visionary
If you’ve flown private, you’ve undoubtedly heard of NetJets. And if you’ve heard of NetJets, you’ve undoubtedly heard of Richard Santulli.
The Birth of NetJets
Back in the 1980s, Santulli was a banker who saw a gap in the market: people wanted to fly private, but they couldn’t justify the cost of owning and maintaining their own planes. So, he came up with the idea of fractional ownership. The basic concept is that multiple people would own a share of an aircraft and then share the costs of owning and operating it.
Building the Brand
When Santulli launched NetJets, he knew that he needed to differentiate it from other private aviation companies. So, he focused on luxury, ease, and convenience. NetJets planes were equipped with all the latest technology, had private cabins, and personalized service, and their pilots were the best in the world. He also made sure that everything was taken care of for his clients, so they wouldn’t have to worry about anything. From the moment they stepped onto the plane to the moment they stepped off, everything was taken care of.
The Importance of Vision
Santulli’s vision for NetJets was simple: to provide a convenient, luxurious, and safe way for people to fly privately. And he delivered. Today, NetJets is the largest private air carrier in the world, with over 700 planes and more than 6,000 employees. It’s a vision that has changed the way people fly, and it’s a testament to the power of having a clear and compelling vision.
The Conclusion
Santulli may have sold NetJets to Warren Buffet, but his mark on the private aviation industry is indelible. His vision and dedication to luxury, convenience, and safety changed the industry forever, and his legacy lives on with every flight NetJets takes. So, the next time you’re flying private, take a moment to appreciate the man who made it all possible: Richard Santulli.
NetJets Orders
If you’re in the market for a private jet, why not take a cue from the likes of Warren Buffett and Jay-Z and consider ordering a NetJets aircraft? Ordering a new plane may seem like a daunting task, but NetJets is there to guide you through the process every step of the way.
The Ordering Process
To begin the ordering process, you’ll first need to decide on the aircraft model that best suits your needs. NetJets offers a variety of planes to choose from, ranging from light jets (such as the Citation Encore and Phenom 300) to large-cabin aircraft (such as the Gulfstream G650 and Bombardier Global Express).
Once you’ve selected your desired aircraft, you’ll work with a NetJets sales representative to customize every detail of your plane, from the exterior paint scheme to the interior furnishings and amenities. And don’t worry if you’re feeling overwhelmed – NetJets has a team of designers and engineers on hand to help you make the best decisions for your new jet.
Delivery and Beyond
After you’ve designed your dream jet, it’s time to sit back and wait for it to be built. The lead time for a NetJets aircraft can vary depending on the model and level of customization, but typically ranges from 18 to 36 months.
Once your plane is ready, NetJets will coordinate delivery to your preferred location, anywhere in the world. And even after you’ve taken delivery, NetJets offers ongoing maintenance and support to ensure that your aircraft stays in top condition.
Ordering a private jet may seem like a luxury reserved for the ultra-wealthy, but with NetJets, it’s more accessible than ever before. Whether you’re in need of a reliable business tool or simply looking to travel in style, a NetJets aircraft can provide the ultimate in convenience, comfort, and service – and with the ordering process overseen by experts every step of the way, you can rest assured that you’re making a smart investment.
Who Started NetJets
When it comes to the origins of NetJets, there’s no one person to point the finger at. It’s more like a group effort, just like any great team. But, if we had to pinpoint one person who could be considered the “founding father” of NetJets, it would be none other than Richard Santulli.
Now, before you start throwing tomatoes at me for stating the obvious, let me explain. While Richard Santulli is rightly recognized as the CEO who transformed NetJets into the world’s largest and most successful private jet company, he didn’t start it from scratch. In fact, Santulli didn’t even join the company until several years after it had already begun operating.
So, let’s take a trip down memory lane and find out who was really responsible for getting NetJets off the ground.
A Brief History Lesson
Back in 1964, a guy named Tony Jannus founded a small private air charter service called Executive Jet Aviation. The company offered fractional ownership, which enabled individuals and corporations to own a “share” of a private jet at a fraction of the cost of buying the whole plane outright.
Over the years, Executive Jet Aviation grew steadily, but it wasn’t until 1984 that things really took off (no pun intended). That was the year Richard Santulli, a former Goldman Sachs executive, acquired the company. Santulli had a vision for Executive Jet Aviation, and he knew it was ripe for expansion.
Under Santulli’s leadership, Executive Jet Aviation introduced the concept of the “Marquis Jet Card,” which allowed customers to purchase flight time in 25-hour increments. The program was a massive success and paved the way for the modern-day NetJets.
The Real Founders
So, if we want to get technical, the real founders of NetJets are Tony Jannus and the team at Executive Jet Aviation who laid the foundation for the company. But let’s be honest, Richard Santulli is the guy who turned NetJets into the powerhouse it is today.
Without his leadership and vision, it’s hard to imagine what NetJets would look like today. So, while we shouldn’t ignore the contributions of those who came before him, we also shouldn’t hesitate to recognize Santulli’s role in turning NetJets into a household name.
In conclusion, NetJets is a product of the hard work and dedication of many individuals over the years. And while there’s no one person who can take credit for everything, there’s no denying that Richard Santulli played a crucial role in the company’s success.
NetJets Safety Record
When it comes to private aviation, safety is always the top priority. After all, you don’t want to be flying in a plane that’s more duct tape than metal. That’s why it’s important to choose a company with a proven safety record. And when it comes to safety, NetJets has got you covered.
Unmatched Safety Standards
NetJets has an unmatched commitment to safety. They have a 24/7 Safety Management Center staffed by a team of experts who monitor every single flight. They also have the industry’s largest team of safety professionals dedicated to ensuring the safety of their operation.
Industry-Leading Safety Measures
NetJets’ pilots are held to the highest standards of training and experience in the industry. They undergo rigorous training programs that exceed FAA requirements, including full-motion flight simulator training. NetJets also has a state-of-the-art maintenance program that involves regular inspections and checks.
Safety Awards and Accolades
NetJets has received numerous safety awards and accolades, including the International Business Aviation Council (IBAC) Platinum Safety of Flight Award—the highest honor in business aviation safety.
When it comes to private aviation, you want an experience that is not only luxurious but also safe. With NetJets’ unmatched safety standards, industry-leading safety measures, and numerous safety awards and accolades, you can rest assured that you’re in good hands.
NetJets Cost Per Hour
When you think of private jets, you might automatically assume that only the super-rich can afford them. But with NetJets, that assumption is challenged, and knowing the cost per hour is where to start.
What Does NetJets Cost Per Hour
NetJets operates on a fractional ownership model. This means that instead of buying a whole private jet, you buy a share in a plane that you can use for a fixed number of hours a year. NetJets has a variety of planes to choose from, and the cost per hour ranges from $6,000 to $12,000.
How Does Fractional Ownership Work
Fractional ownership is a good option for people who need private jets frequently but can’t justify buying a whole plane. NetJets users can purchase a share in a plane, which allows them to fly a certain number of hours a year. The shares are sold in increments of 25 hours, and the cost per share depends on the type of plane and the number of hours purchased.
Benefits of Fractional Ownership
The primary benefit of fractional ownership through NetJets is the flexibility. With fractional ownership, you can choose the size and type of plane that suits your needs. You also have access to the fleet of NetJets planes, so you can switch planes depending on your needs. Another benefit is that NetJets takes care of all the maintenance and storage, so you don’t have to worry about the logistics of owning a private jet.
NetJets vs. Traditional Private Jet Ownership
The cost of owning a private jet outright can be astronomical. Not only do you have to buy the plane, but you also have to pay for storage, maintenance, and pilots. With NetJets, those expenses are included in the cost per hour, so you don’t have to worry about any hidden costs. Also, with traditional ownership, you are responsible for finding and booking all the flights. NetJets takes care of that for you, making it a hassle-free option for frequent flyers.
If you’re in the market for a private jet and want a flexible and hassle-free option, NetJets is a great choice. With a variety of planes to choose from and a cost per hour that is often lower than traditional private ownership, NetJets offers a sophisticated solution at a fraction of the cost.
NetJets Fleet Size in 2023
Are you wondering about the future of NetJets and its fleet size in 2023? Well, you’ve come to the right place. Let’s delve into this topic and explore what the future holds for aviation enthusiasts.
A Brief Overview of NetJets’ Fleet
First and foremost, let’s take a quick look at what NetJets’ fleet comprises of. The company currently has a varied and impressive fleet that includes the Cessna Citation XLS, Bombardier Challenger 350, Gulfstream G550, and Embraer Phenom 300, to name a few.
The Exciting News
Now let’s dive into what you’re here for – the future of NetJets’ fleet size. Drumroll, please! According to our sources, NetJets is planning to expand its fleet and add a whopping 100 new aircraft by 2023. Yes, you read that right – 100! That’s like a dream come true for aviation enthusiasts like us!
What to Expect from the New Fleet
The new additions to the NetJets’ fleet will include the Gulfstream G700, the Bombardier Global 7500, and the Cessna Citation Hemisphere. These additions will ensure NetJets continues to be at the forefront of excellence in the private aviation industry.
Why the Expansion
You might be wondering why NetJets is expanding its fleet by so much. Well, our sources indicate that the demand for private aviation services has been increasing steadily in recent years. With a fleet expansion, NetJets hopes to meet the growing demand for private aviation services and continue to provide its clients with unparalleled service excellence.
So there you have it – the exciting news about NetJets’ fleet size in 2023. With 100 new aircraft, including the Gulfstream G700, Bombardier Global 7500, and Cessna Citation Hemisphere, NetJets is set to maintain its position at the forefront of the private aviation industry. We can’t wait to see what the future holds for this groundbreaking company.
Richard Santulli NetJets
Richard Santulli is a big name in the world of private aviation, and he’s the guy behind NetJets. If you’re not familiar with NetJets, they’re a company that lets people buy partial ownership of a private jet. It’s like a timeshare for airplanes.
The Early Days of NetJets
Richard Santulli started NetJets in the mid-1980s, and it was a game-changer for the world of aviation. Before NetJets, owning a plane was a massive investment, and it was something that only the ultra-rich could afford. But with NetJets, people could buy a share in a plane and use it whenever they wanted without having to worry about maintenance or upkeep.
Santulli’s Vision
Santulli saw a gap in the market and knew that there were plenty of people who wanted to fly privately but couldn’t justify the cost of owning a plane. His idea of selling fractional ownership was brilliant, and it quickly caught on. Today, NetJets is the largest private aviation company in the world, and it owes its success to Santulli’s vision.
The Celebrity Connection
NetJets is known for having a lot of celebrity clients, including the likes of Tiger Woods and Tom Brady. But it’s not just athletes and movie stars who use the service. Plenty of business executives and wealthy individuals also use NetJets to get around.
What’s Next for NetJets
While Richard Santulli is no longer running NetJets, the company is still going strong. In recent years, they’ve expanded their operations to include a variety of different services, including private jet charter and aircraft management. It’s clear that NetJets isn’t going anywhere, and it will continue to be a major player in the world of private aviation for many years to come.
In conclusion, Richard Santulli is an aviation legend, and his impact on the industry cannot be overstated. His vision for NetJets revolutionized the way people think about private aviation, and his legacy will continue to live on for years to come. Whether you’re a celebrity or a business executive, NetJets is the ultimate luxury when it comes to air travel. So, if you’re ever in the market for a private jet, be sure to check them out.
Private Jet Card NetJets Cost
If you’re into luxury private jets, then you’ve probably heard of NetJets. They’re one of the biggest names in the business, providing fractional ownership and private jet card services for discerning clients. You might be wondering how much it costs to get a private jet card with NetJets. Well, let me tell you, it’s not cheap. But if you’ve got the money, then it might just be worth it.
How Private Jet Card NetJets Costs Work
First, let’s talk about how private jet card costs work. Essentially, you pay a fixed price upfront, and then you get a certain number of hours of flight time on a NetJets aircraft. The more hours you buy, the more expensive it is, but the cost per hour goes down the more you buy. Think of it like buying in bulk at Costco.
NetJets Cost Breakdown
So, how much does it actually cost to get a private jet card with NetJets? Well, the cost can vary depending on a few factors, such as the type of aircraft you want to fly, the number of hours you want to purchase, and the length of your contract. But as a general rule of thumb, you’re looking at anywhere from $150,000 to $500,000 for a 25-hour jet card. That’s not chump change, folks.
Is It Worth It
Of course, the big question is whether or not it’s worth it. And let’s be real, if you’re asking that question, then you can’t afford it. But for those who can, the benefits of a private jet card with NetJets are clear. You get personalized service, access to a fleet of luxury aircraft, and the freedom to travel on your schedule.
The Verdict
So, there you have it. Private jet card costs with NetJets are pretty steep, but if you’ve got the dough, it might just be worth it. Just try not to think about how many regular folks you could help out with that kind of money. But hey, you worked hard for your cash, so why not treat yourself? Just be sure to invite me along for the ride.
Has NetJets ever had an accident
As someone who’s watched enough National Geographic episodes to know how the food chain works, I understand the importance of safety measures. And believe me, NetJets takes safety seriously, so much so that the only thing you’ll be crashing is a business meeting.
Zero Accidents
Yes, you read that right- zero accidents. Knock on wood. And you know what that means? Your chances of being in an accident with NetJets are the same as Black Panther showing up as your Uber driver. Not likely to happen.
A Strong Safety Culture
NetJets has a culture that values safety above everything else. The company invests heavily in technology, safety training, and maintenance to ensure that every flight is as safe as possible. Even the crew undergoes rigorous training and certification to guarantee that all safety protocols are followed to the letter.
Taking Prevention Seriously
While accidents may be rare, NetJets doesn’t take any chances. The company gathers and analyzes data from every flight to identify and prevent potential safety risks. This proactive approach ensures high standards of safety protocols, minimizing the likelihood of accidents happening.
So to answer your question- No, NetJets has never had an accident. With their commitment to safety, it’s no wonder why they remain a leader in the private aviation industry. If you’re concerned about safety and looking for a reliable private jet service provider to take you places, then NetJets is your perfect match.
Who Sold NetJets to Warren Buffett
If you’re wondering who the generous soul was who sold NetJets to Warren Buffett, then you’re in the right place at the right time. Though many people may have heard of the billionaire Warren Buffett, not many know how he bought NetJets and who he bought it from. Well, wonder no more because the answer lies below.
The Courageous Hero
In 1998, Richard Santulli, the founder of NetJets, had a brilliant idea to sell shares of jets to wealthy clients so they could enjoy the benefits of private jets without owning them. The idea took off, and by 1999, NetJets had expanded to Europe, selling a 20% ownership stake to European investors.
The Mysterious Villain
However, in 1998, NetJets had been acquired by Executive Jet, which was later renamed NetJets Inc. Enter the mysterious villain who sold NetJets to Warren Buffett. It turns out that the villain was none other than the CEO of Executive Jet, Richard Santulli.
Santulli was the brave soul who gave Warren Buffett a call and asked him if he was interested in buying his company. Buffett hopped on a plane and flew to Columbus, Ohio, where NetJets is headquartered. After a few back-and-forth negotiations, Buffett bought NetJets for $725 million in stock and cash.
The Reward
Santulli was rewarded handsomely for his bravery when he sold NetJets to Warren Buffett. In addition to receiving a large amount of cash and stock, he was also appointed Chairman Emeritus of NetJets Inc. Though his time at NetJets was over, Santulli’s innovative idea had changed the private aviation industry forever.
In conclusion, Santulli was the courageous hero who sold NetJets to Warren Buffett, and Buffett’s acquisition of NetJets made him a prominent player in the private aviation industry. Without Santulli’s brilliant idea and courage to sell to Warren Buffett, NetJets may not be where it is today.
How Much Does NetJets Cost for 25 Hours
If you’re here to learn how much it’ll cost you to be a part of the elite club of people who own their own private jets, then you’ve come to the right place. Luckily, we have some rough estimates, so you can start planning your summer getaway in style.
What is NetJets
First, let us give you a brief overview of NetJets. It’s the world’s largest operator of private jets, and they provide fractional ownership and rental services of private aircraft. This means you can buy a portion of a private jet, and with that fractional ownership, you’re entitled to certain flight hours each year.
The Cost Breakdown
Now, let’s get down to business and talk about costs. The cost to fly with NetJets is not fixed, as it greatly depends on the jet’s size, type, and range. However, as a general rule of thumb, you can expect to pay between $130,000 to $1.5 million per year in management fees.
So, if you’re looking to fly for a total of 25 hours with NetJets, you can expect to pay around $75,000 to $175,000. Keep in mind that this is only the management fee, and it doesn’t include the cost of the actual flight hours.
Flight Hour Costs
The cost of the flight hours varies depending on the aircraft type, duration of the flight, distance, and the time of year. On average, you can expect to pay around $8,000 per hour for a light jet and $15,000 per hour for a midsize jet. The bigger the jet, the more expensive it gets.
So, there you have it, a rough estimate of how much it’ll cost you to fly with NetJets for 25 hours. If you’re looking to join the club of private jet owners, be prepared to pay a hefty price. But, if you have the funds, it’s a luxurious and convenient way to travel.
Difference Between NetJets and Wheels Up
Chartering private jets has become an increasingly popular option among frequent flyers. With many companies vying for their attention and promising to deliver the ultimate luxury experience, choosing the right service can be challenging. NetJets and Wheels Up are among the most popular private jet companies available in the market. Although they might have similar services and benefits, some key differences set them apart.
Flight Flexibility
NetJets offers its customers a more flexible arrangement that allows them to schedule flights at any time and even change their itinerary at a moment’s notice. Customers need only contact their personal concierge, who will manage all the details.
Wheels Up is focused on creating a sustainable customer relationship. While the company life plan gives its customers the flexibility to choose their aircraft for every flight, itinerary changes, however, are dependent on the availability of the aircraft.
Membership Plans
NetJets offer ownership and leasing solutions that extend through five years or more, whereas Wheels Up offers a membership program with no ownership dues or long-term commitments. Members pay an annual fee that allows them to book private flights at a fixed hourly rate for a time in advance – a feature that comes in handy for frequent flyers.
Fleet Selection
Both companies offer state-of-the-art jets with luxurious interiors. NetJets has a collection of over 700 aircraft, ranging from light jets to large-cabin, ultra-long-range jets, including exclusive planes like the Gulfstream G650 or the Bombardier Global 6000. Wheels Up, on the other hand, prides itself on having a young and eco-friendly fleet that includes airplanes like the Beechcraft King Air or the sleek Cessna Citation Excel/XLS.
Destination Coverage
NetJets and Wheels Up offer a varied range of destinations to choose from, with some overlapping spots such as Aspen or Yellowstone. However, NetJets goes beyond the North American continent, offering service to Europe, the Middle East, Africa, and Asia. Thus, if you’re looking forward to flying globally, NetJets might be a more suitable option for you.
In conclusion, both NetJets and Wheels Up offer exceptional private jet services, but the differences between them are distinct and significant. Customers have to weigh their preferences and needs against the available options and make a choice that meets their expectations.
