![]() ![]() Since June 2015, Adam Johnson has acted as Chairman and CEO of NetJets Inc. NetJets is now a multibillion-dollar corporation with the world’s most extensive private jet fleet, with over 700 aircraft traveling to over 170 destinations. Warren Buffett, the legendary investor, acquired his first stake in the firm in 1995 and was so satisfied with the service that he bought it three years later, bringing it into the Berkshire Hathaway family.ĮJA 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. Since then, NetJets has grown into a global force to be reckoned with, thanks to the introduction of shared aircraft ownership in 1986 and the company’s takeover by Warren Buffett’s Berkshire Hathaway in 1998. 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. Richard Santulli bought EJA in 1984 and pioneered the notion of shared ownership two years later. Here’s how they arrived at this point.Įxecutive Jet Airways, the world’s first private jet charter and aircraft management system, was created in 1964, and with that NetJets was born, but we’ll get to the rebranding and change in ownership later on. With over 750 aircraft and 7000 employees globally, NetJets own and manage the world’s most extensive fleet of private jets. Our Recommendation: The Gulfstream G450. ![]()
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