NetJets
NetJets is the world's largest private aviation company, offering fractional jet ownership and jet card programs.
Founded
1964NetJets is the world's largest private aviation company, offering fractional jet ownership and jet card programs.
Berkshire Hathaway acquired NetJets (then Executive Jet Aviation) in 1998 for $725 million. The company continues to operate as a subsidiary with its own brand identity, leadership team, and headquarters in Columbus, Ohio. Adam Johnson serves as Chairman and CEO, with Patrick Gallagher as President of NetJets Aviation and Alan Bobo as Chief Operating Officer.
In 2025-2026, NetJets continued significant fleet expansion with orders for up to 250 Embraer Praetor 500 jets and deliveries of Cessna Citation Ascend aircraft. The company maintains a fleet exceeding 800 aircraft and serves as a key subsidiary within Berkshire Hathaway's service and retail group.
NetJets operates two primary service offerings: fractional jet ownership through the NetJets Share program and the prepaid Jet Card program. The Share program allows customers to purchase equity in specific aircraft types with guaranteed annual flight hours. The Jet Card provides flexible access without ownership commitment.
Both programs include professional crew scheduling, aircraft maintenance, worldwide operational support, and the ability to upgrade or downgrade aircraft types for individual missions. NetJets serves high-net-worth individuals, corporations, and government clients across the Americas, Europe, and international markets.
NetJets primary competitive advantages include its scale as the world's largest private aviation operator, with the most diverse fleet and broadest geographic coverage. The company's fractional ownership model provides asset-like benefits combined with professional management services.
Berkshire Hathaway's ownership provides financial stability and permanent capital backing that competitors lack. NetJets' guaranteed availability program, operational infrastructure, and decades of safety record create high barriers to entry for new competitors.