TRUE COST OF A PRIVATE JET

5 COMMON MISCONCEPTIONS OF JET OWNERSHIP

Having been in the business of private aviation for 60 years, we have encountered many misconceptions about private jet ownership. To help you evaluate your private travel investment, we have outlined the five most common myths regarding jet ownership.

MYTH 1

PRIVATE JET OWNERSHIP IS MORE COST-EFFECTIVE THAN FRACTIONAL OWNERSHIP.

Reality:
If you fly fewer than 300 hours per year, whole aircraft ownership is not a sound business investment.¹

Most evaluations on the cost of a private jet do not account for depreciation, and the variable costs for maintaining and operating a private jet are considerable. Even fixed costs can be difficult to estimate. For example, estimated fixed annual costs for a midsize private jet were quoted to range from $500,000–$600,000 by leading industry sources; however, the actual total fixed annual costs reported by Executive Jet Management (EJM), the world’s largest aircraft management and charter company, were $1.2M.

BENEFITS OF NETJETS’ FRACTIONAL OWNERSHIP

• Investment security from a financially stable business model (and the backing of Berkshire Hathaway)
• Zero hidden or extra fees, such as repositioning fees, so you enjoy a more predictable cost structure
• Leverage NetJets’ scale for better access and pricing on aircraft, fuel, parts, maintenance, etc.

Understand fractional (shared) ownership costs

MYTH 2

IT’S SO EASY TO BUY A NEW AIRCRAFT.

Reality:
New and used aircraft are hard to obtain, and the competition and prices are high.

• Original equipment manufacturers (OEMs) have yearslong waitlists. Meanwhile, NetJets is buying the youngest, most superior aircraft directly from top OEMs at a much larger volume than anyone else in the market. We are committed to multiyear fleet planning, so we are looking years ahead with your best interest in mind
• Used, quality aircraft are scarce. And ensuring a proactive maintenance schedule will be equally difficult given current shortages on labor and parts

BENEFITS OF NETJETS’ FRACTIONAL OWNERSHIP

• Sophisticated fleet planning. Our longtime OEM relationships offer accessibility to the newest, top aircraft available and an overall confidence that your travel needs will be met now and long into the future
• Fly on the largest, most diverse private fleet. As your flying needs change, NetJets tailors your aircraft and contract to meet those needs

Find your private jet

MYTH 3

I CAN GO ANYWHERE, ANYTIME.

Reality:
When you have one aircraft, you fly on its schedule. Aircraft downtime means missed meetings, lost opportunities, and, in some cases, lost business.

• Aircraft are typically down for at least one week each year for regularly scheduled maintenance. Additionally, most aircraft typically have larger inspections that occur every few years, which can result in multiple weeks of downtime. Unscheduled maintenance is inevitable and leads to interrupted travel
• Perpetual scheduling conflicts. Crew vacation and sick days result in aircraft downtime. And if you charter your aircraft, there may be inevitable scheduling issues
• Not all aircraft can fly to all fixed-based operators (FBOs). Depending on the size of your aircraft, you may not have the range, capacity, and/or performance to fly where you need to go

BENEFITS OF NETJETS’ FRACTIONAL JET OWNERSHIP

• Reliable, flexible access. NetJets ensures you have anytime access to our fleet of 900+ aircraft²—the largest private fleet—with minimal notice to 5,000+ airports across 200+ countries and territories
• Shorter recovery times. When unforeseen circumstances occur, our ability to position a recovery aircraft is incomparable. Even in a high-demand environment, NetJets Maintenance Service Hub™ infrastructure allows us to proactively maintain our aircraft to the highest standards and provide the exceptional level of service our Owners expect

Explore the benefit of global access

MYTH 4

PRIVATE JET OWNERSHIP IS EASIER.

The Reality:
Owning your own aircraft means managing (another) business within a complicated industry.

Whether a single aircraft or fleet, significant time and money will need to be invested in the following:

• Hiring, training, and paying pilots and flight attendants
• Scheduling and cost of maintenance and operations, including unplanned incidents
• Ensuring adherence to audit and regulatory schedules
• Procuring alternative travel options during maintenance
• Legal responsibilities

You will need to oversee all of this and more, or include a management company like our subsidiary, EJM, into your budget.

BENEFITS OF NETJETS’ FRACTIONAL OWNERSHIP

• Hassle-free ownership. With NetJets you have nearly 7,500 global aviation experts working on your behalf for every aspect of your jet ownership experience, including meeting safety requirements and combating market challenges, such as supply chain issues and labor shortages
• A perfect plane every time. With private jet ownership, you may put off refurbishing the interiors or fixing scuffed paint. With NetJets, every time a plane visits one of our Maintenance Service Hubs, it leaves with a refreshed interior
• Buying power and strong relationships. Because of our scale, we enjoy a heightened level of service from the industry’s top vendors. Those relationships allow our aircraft (and Owners) to get immediate attention and ensure a superior level of quality will be met

MYTH 5

FLYING MY OWN PRIVATE JET ENSURES PRIVACY.

Reality:
Unfortunately, jet ownership information and flight data are readily accessible to the public and can be easily exploited for competitive intelligence.

BENEFITS OF NETJETS’ FRACTIONAL OWNERSHIP

• Anonymity and discretion are protected, which is a significant advantage to those who utilize private aviation for business use. Tail numbers are never directly associated with the passengers on board
• Our investment in information security ensures personal data is maintained under the strictest of confidentiality behind cutting-edge cybersecurity
• Private boarding lounges at our busiest airports offer Owners exclusive access to secure points of departure. This ensures you travel without concern of public scrutiny

WHOLE VS. FRACTIONAL

UNDERSTAND THE DIFFERENCE

From safety standards and accessibility to privacy and cost, there are significant differences between owning a whole aircraft and NetJets’ signature fractional jet ownership model. Now ask yourself, “Which one is right for me?”

Take a moment to compare

¹When comparing whole vs. shared ownership of a 5-year-old large aircraft, including acquisition, operating, and capital costs over a five-year ownership period.
²Total number of aircraft includes aircraft under management by NetJets and Executive Jet Managem