NetJets Europe

NetJets Europe offers fractional ownership of private business jets.

NetJets Europe

IATA 1I ICAO NJE Callsign FRACTION
Founded	1996
Fleet size	165
Destinations	Point to point
Headquarters	Paço de Arcos, Portugal
Key people	Mark Wilson, Eric Connor, David Sokol, Warren Buffett
Website	http://www.netjetseurope.com

History

NetJets Europe, also known by its corporate legal name, NetJets Transportes Aéreos, S.A., was founded in 1996 as a sister company of NetJets in the United States. In 2002 Mark Booth, the man who brought MTV to Europe and the former CEO of BSkyB, became the company’s Chairman and CEO before resigning in October 2009. P. Eric Connor, senior Vice-President and chief procurement officer of MidAmerican Energy company replaced Mr. Booth as the new CEO. NetJets Europe offers products based on the fractional ownership programme developed in the US in 1986 by Richard Santulli, former Chairman and CEO of NetJets Inc.

Services

Fractional Ownership

NetJets Europe has a fractional ownership program where customers purchase a share in one of 11 aircraft types, starting at 50 hours a year. Owners retain financial and legal control over the asset and the share is assigned to a specific serial numbered aircraft. NetJets Europe is responsible for operating the aircraft, providing flight crew management, trip scheduling, ground support and all maintenance services. The company guarantees availability of an aircraft from 10 hours.

The NetJets Corporate Card and Private Jet Card

In 2004 NetJets Europe acquired Marquis Jet Europe and added the Private Jet Card which provides 25 hours on a jet. Soon after, the NetJets Corporate Card was also added, aimed at European companies.

Staff

NetJets Europe operates in over 5,000 airports worldwide, with over 43 European airports serving as gateways (where flight crew can be based). All pilots must be residents of the EU or Switzerland. Currently about 970 pilots are employed.

Its offices are spread over Europe; sales and marketing are based in London, operations headquarters in Paço de Arcos, near Lisbon, Portugal and legal offices in Switzerland. There is also a dedicated maintenance operation based at RAF Northolt near London, which helps servicing the company's aircraft.

Fleet

NetJets Europe Hawker 800XP CS-DNU at Innsbruck Airport in Austria. The NetJets Europe fleet is registered in Portugal

Raytheon Hawker 800XP

Total aircraft types: 11

Light cabin

• Cessna Citation Bravo
• Hawker 400XP

Midsized cabin

• Hawker 800XP
• Hawker 750
• Cessna Citation XL/XLS

Large cabin

• Falcon 7X
• Falcon 2000EX/2000 Classic
• Gulfstream 550

NetJets Companies

NetJets Europe GmbH

NetJets Transportes Aéreos

NetJets Management Limited

External links

NetJets Europe