Netjets cost reddit

Private jet travel took off in a big way during the pandemic.

I came across a Reddit post a while back and the user said that for whatever reason people of wealth were attracted to them. As a result, they were able to learn a lot about their lifestyles, habits, etc, on an intimate level that most of us wouldn't know. Based on the detailed information that OP provided, it wouldn't surprise me if it was true. They said that one of the most important factors for the ultra-wealthy was time. This involved wealthy individuals: - Hiring personal assistants to run errands - Hiring personal chefs no time wasted cooking - Owning a private jet no time lost booking a flight, going through security, etc We can't control the flow of time, but we can most certainly use it to our benefit. The really big time benefit to flying private is about schedule flexibility rather than security etc though that's important too. Flying private an executive can turn up and leave 5 minutes later, and be on the road 5 minutes after landing.

Netjets cost reddit

You could buy a nicer jet? I mean, nominally speaking, you can front the sticker price -- but you'll get eaten alive on fuel and maintenance over the jet's useful lifespan, and the jet as an asset is depreciating all the while. I say this almost as a reflex. I used to work in talent management many lifetimes ago, and I'd actually find myself having this talk with people in this specific situation. Sorry for the tangent! I dined once with a billionaire and a couple of multimillionaires. The billionaire owned a jet. The multimillionaires were envious of him because they only owned jet timeshares. If you own your own jet, it's always where you want it, you can decorate it the way you want, and you can leave your stuff in its bedroom and living room. The operating cost of a jet that's actually ready at your beck and call also includes its crew. Disclaimer: I unfortunately have neither the practical experience nor finance knowledge to know if I've used the right fully burdened labor costs and multiplier, but it's going to be in that ballpark. You probably don't pay for the rest of the crew, but you do pay monthly fees for storage, private airstrip clearances, and ad hoc big costs each time you fuel it up, 'rent' an attendant, and cater the flight. I think it really depends on what you expect from your crew. Obviously the number, length, and complexity of flights would have a big impact as well.

They can also earn rewards for flying green, with carbon offsets delivered directly to their user dashboard.

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NetJets may be ubiquitous with the concept of fractional ownership and by far the dominant player in the market, but the big question remains, in , is the unit of Berkshire Hathaway worth a premium? By Doug Gollan , March 6, Flexjet, Inc. It showed an increase of 52, flight hours from to The biggest player is getting bigger. As we update this article in , we also find NetJets is sold out of delivery slots until well into

Netjets cost reddit

There are many reasons why private aircraft are the best way to travel, ranging from safety and convenience, to privacy, luxury, and utmost comfort. Richard Santulli bought EJA in and pioneered the notion of shared ownership two years later. As travelers preferred the benefits of fractional jet ownership over the limits of charter service and the challenging economics of entire aircraft ownership, the industry developed gradually. Warren Buffett, the legendary investor, acquired his first stake in the firm in and was so satisfied with the service that he bought it three years later, bringing it into the Berkshire Hathaway family. EJA continued to grow by adding aircraft, facilities, and worldwide programs while looking for innovative methods to provide the most significant safety and service to NetJets members. Simply put, shared ownership is acquiring a piece, or share , of a particular aircraft through NetJets fractional jet ownership. That share entitles you to a certain amount of hours in that aircraft type, with the option to upgrade or downgrade to any other jet in their inventory. You can purchase a share in hour increments, with a minimum of 50 flight hours. Ferry costs, which most charter firms need to reposition a jet, are rarely paid by NetJets owners due to the Ferry Waiver Program which makes travel more accessible and typically removes this extra cost. Shared ownership comes with other perks as well.

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Maintenance is expensive, but it's doable. It's not just door to door time, but schedule flexibility. The people you know probably just go from the East Coast to London or something, which is a pretty short trip. It offers good news for spontaneous travelers, too: Set Jet members can book a new flight up to 24 hours before takeoff and snag a seat on an existing flight up to 30 minutes before wheels go up. Presuming so would also argue that the majority of human endeavor is also waste; everything from entertaining TV shows to having small animals as pets to music lessons to trips to private space flight to works of fiction. Amidst all the interesting technical and scientific discussion, there are disappointing overtones of wealth worship, and a weird cult-like following of billionaire entrepreneurs. How much time does owning a jet actually save? It wasn't just time saved. Seats or entire charters can be booked via the XO mobile app. Or acquire an existing company using mostly debt and a bit of equity , etc.

With a global network of planes over worldwide NetJets is proudly one of the biggest private aviation companies in the world and has invested billions into building the biggest private jet fleet on the market. But, for new customers, the big question remains: how much does NetJets cost?

No need to format the disk and reuse, he would just pull another one out. Also you want a pilot that can land anywhere. Anyway, he would use a floppy and throw it away. I've been in corporate jets like Citations. Not bad. I have a construction worker father and stay-at home sedentary mother whose only labor in life was childbirth and light house cleaning. JCharante on Dec 9, root parent prev next [—]. Buffett, yes. It wasn't just time saved. Being able to show up, in-person, walk around, shake hands, interview the customer, look them in the eye, walk their factory floor or otherwise see things first hand and then still make it home to put the kids in bed is far more impression setting than dialing into a video call.