Netjets cost reddit

You could buy a nicer jet?

Private jet travel took off in a big way during the pandemic. Flying private, which has long been viewed as a swanky, sometimes out-of-reach indulgence, suddenly became much more attractive in the era of social distancing. And as a flurry of new players entered the market in response to demand, the prices, long considered sky-high, became more accessible as well. These days, relaxing in privacy at 35, feet no longer requires access to your own personal G5. There are now dozens of options for travelers looking to take to the skies in seclusion, many of them with ticket prices that deliver less sticker shock than you might expect.

Netjets cost reddit

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. If a meeting overruns and there's only one commercial flight a day with the relevant city pair, then they're just out of luck. Flying private, it's not a problem. The economics of whether to own vs rent netjets etc is essentially about scale. That has a strong parallel with how I went from public transit to driving a car. Before, I had to leave at an exact time to make the train, if I didn't I'd be half an hour late.

But at 50M you might be looking at fractional jet ownership already. SeanBoocock on Sept 23, root parent next [—] This is correct have family in the industry, netjets cost reddit. He was buying time.

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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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As a datapoint Billionaires are like large corporations unto themselves. BlameKaneda on Dec 10, root parent next [—]. I guess it's just some more plastic in the ocean or landfill to him. The Pacific is a much larger ocean. These days, all it takes is a strong Wi-Fi connection and a handy app or two to get yourself into a private plane. Accordingly, they can't easily cross oceans. These days, relaxing in privacy at 35, feet no longer requires access to your own personal G5. For short haul domestic a private jet blows away commercial, but mostly I'd rather spend my money in other ways. Below is a primer on some of the ways to score a seat on a private aircraft. MrFantastic on Sept 22, root parent next [—] Explorer Private Jet Members receive fixed-rate pricing across four cabin-size categories. I felt wholly inadequate trying to summarize it above. Things like that In fact, for long haul, 1st on an airline like Cathay or Singapore is better than a GER in many ways.

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?

They have to make some compromises on houses and cars, but it's worth it to them because they love to fly. The Intel Tips and tricks from our travel experts along with the latest news from airlines, hotels, loyalty programs, and more, delivered to your inbox weekly. Back in the day I did consulting work on a personal level for an ultra-wealthy person. Gibbon1 on Dec 10, root parent next [—]. I have relatives in an Asian country where even the middle class can afford to have maids and a driver or two. And a few orders of magnitude in cost. But, it's a lot cheaper and the difference in costs is not a net economic benifit. They can also land and refuel in many places along the way that big jets can't. You can unsubscribe at any time. The economics of whether to own vs rent netjets etc is essentially about scale. And as a flurry of new players entered the market in response to demand, the prices, long considered sky-high, became more accessible as well.