Fractional ownership was created to offer a high-value, targeted alternative to outright ownership of an aircraft. It works by enabling Owners to share the acquisition and running costs of aircraft, and eliminates waste by ensuring that you only pay for the fraction of the jet – measured in flying hours – that you actually need.
With the largest private fleet in the world, NetJets is uniquely able to deliver the benefits of fractional jet ownership. Because sharing only works if everyone can access an aircraft when they need it, we keep a ‘core fleet’ of aircraft – 20% of our fleet – unallocated to any Owner.
How fractional ownership works
- You buy a share in a NetJets aircraft based on your typical flying needs – where you fly, how often you fly, and how many guests fly with you. We’ll work with you to develop a tailored profile of your requirements and build a solution that suits you.
- Shares start from 1/16th of an aircraft – equivalent to 50 hours of flying time each year. Your share is a liquid asset, uniquely supported by a guaranteed buy-back programme.
- You take a share in a specific, numbered aircraft. But you don’t fly in that aircraft alone. Quite the opposite – it entitles you to access an entire fleet. While you may buy a 1/8th share in a midsize Cessna Citation Excel, that share gives you access to all the Citation Excels in the NetJets Europe fleet, and to jet types in both larger and smaller cabin classes.
- We guarantee contractually that your aircraft type will be available within 10 hours of your request. If your aircraft is ever unavailable, you’ll be upgraded at no cost. Interchange into a smaller aircraft is guaranteed, while upgrades are subject to availability.
- Maintenance, technical problems, crewing and training are just some of the factors that have traditionally made private aviation a prohibitive and unpredictable expense. With NetJets, you share fixed costs with other Owners. Your variable costs only apply to the hours you fly. And all your costs are predictable.