With dozens of private aircraft service and jet card companies now vying for your business, it’s challenging to choose between the many types of pricing, services, and value-added bonuses. Here we break down the differences between venerable NetJets and newcomer Wheels Up.
History & Background
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.
Richard Santulli, a mathematician and former executive with Goldman Sachs, purchased the company in 1984. After poring over 22 years’ worth of pilot logbooks, he crafted an innovative new model of fractional aircraft ownership. 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 subsequently acquired the Marquis Jet Card program in 2010.