20 Facts About NetJets

NetJets Inc is an American company that sells fractional ownership shares in private business jets.

NetJets became the first private business jet charter and aircraft management company in the world.

NetJets was the first private business jet charter and aircraft management company in the world, launching its fractional ownership business in 1986.

In 1987, the NetJets program was officially announced becoming the first fractional aircraft ownership format in history.

Around the same time, painted on every NetJets US aircraft is a registration ending with QS, symbolizing the concept of selling quarter shares of an aircraft—a feature that is still representative of the NetJets brand today.

Related searches

NetJets soon expanded to Europe and then Russia, and by 2006, it was the largest operator of business jets in Europe.

Shortly afterward, NetJets moved its corporate headquarters from New Jersey back to its original home in Columbus, Ohio.

In 2010, NetJets acquired Marquis Jet from founders Jesse Itzler and Kenny Dichter.

On 11 June 2012, NetJets placed the largest aircraft order in private aviation history totaling US$17.

In September 2014, NetJets acquired approval to launch its aircraft charter service in China, having worked with Chinese authorities since 2012 to secure the operating certificate.

In January 2015, the United States District Court issued a decision in NetJets' favor, holding that the IRS assessments were unlawful.

In 2019, a former NetJets pilot filed a lawsuit alleging that in March 2017, the company violated US Civil Right and Ohio anti-discrimination law when she was fired for being too short to properly control the rudders of an Embraer Phenom 300.

NetJets introduced regular employee COVID-19 testing to try to contain the risks of an outbreak on its aircraft.

NetJets is encouraging its customers to buy carbon offsets for their flights.

NetJets will buy its own offsets for its administration and training flights.

In March 2021, NetJets announced that it had ordered 20 Aerion AS2s supersonic business jets.

NetJets will buy 150 Lilium Jets and operate them under a FAR Part 135 charter operation.

Also among NetJets subsidiaries is Executive Jet Management, based in Cincinnati, Ohio, which offers aircraft management and charter services.

QS Partners is the whole-aircraft brokerage arm of NetJets, launched in 2016 and officing in Columbus, Ohio; Boulder, Colorado; and London; it exclusively resells used aircraft from NetJets' fleet.

NetJets sells fractions of specific aircraft, chosen from several available types at the time of purchase.