Netjets

NetJets is a private aviation company that offers fractional ownership and leasing of private jets, providing personalized and flexible travel solutions for individuals and businesses. The company generates revenue through the sale of fractional jet shares, jet cards, and leasing agreements, allowing clients to access a fleet of aircraft without the responsibilities of full ownership. Founded in 1964 as Executive Jet Aviation, NetJets pioneered the concept of fractional jet ownership and has since become a leader in the private aviation industry. Key historical milestones include its acquisition by Berkshire Hathaway in 1998, which bolstered its financial stability and growth.

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