Category Archives: FRACTIONALS
NetJets Ascendant
NetJets, the original and by far the largest fractional aircraft operation, was founded by Richard Santulli in 1986 and acquired by Warren Buffett’s Berkshire Hathaway conglomerate in 1998 for $725 million. A decade later, the company operated some 800 business jets in the United States and Europe for thousands of share owners. However, once the [...]
Owners, Profits Return to NetJets
NetJets added 100 net fractional share owners in 2010, and company CEO David Sokol is optimistic that the demand for fractional operations remains strong, particularly among corporations that want to keep flying privately. In an interview with Aviation Week editors William Garvey and Joseph C. Anselmo, Sokol notes that the fractional ownership provider lost [...]
