Fractional Ownership – New Billionaire TREND!
A Fortune report highlights how NetJets, a Berkshire Hathaway private aviation company, is capitalizing on growing demand for luxury, privacy, and seamless travel experiences since the COVID era.
At a Glance
NetJets’ jet card program now starts at around $215,000 annually for 25 flight hours
The company operates approximately 1,100 jets—only surpassed by the world’s top commercial carriers
Its customer base has grown 40–45% since 2019, with strong retention rates
Airline disruptions are driving wealthy flyers toward private options
NetJets is offsetting training flights and purchasing sustainable aviation fuel to enhance eco-credentials
Private Flight’s Rising Popularity
According to Fortune, NetJets’ President Patrick Gallagher credits “experiential luxury, privacy desires, and spotty airline service” for propelling record growth post-pandemic. The jet card program, starting at about $215,000 for 25 hours, makes private flight more accessible to affluent travelers.
NetJets manages around 1,100 aircraft through its NetJets Aviation and Executive Jet Management divisions—outpacing most commercial airlines—while continuing to lead in fractional ownership flight hours.
Watch a report: Inside the Rise of Private Jet Travel.
Pricing, Privacy, and Sustainability
Gallagher told Fortune that NetJets’ client base has expanded by 40–45% compared to pre-pandemic levels, with customer retention remaining high—91.7% of cardholders rated the service excellent or very good, significantly above the industry average of 73.3%.
An added draw is privacy. With fractional ownership and jet card plans, passengers avoid TSA screening and travel data exposure—providing what Gallagher called “virtually untraceable” flying compared to traditional airlines.
NetJets is also taking steps to address environmental concerns. The company offsets all training flights, leads the private aviation sector in sustainable aviation fuel purchases, and offers customers additional carbon offset programs.
Fleet Size and Industry Standing
With a fleet of approximately 666 aircraft under U.S. operations and over 1,100 globally, NetJets ranks among the largest airlines worldwide in terms of aircraft count. Backed by Berkshire Hathaway, NetJets combines scale, operational reliability, and a reputation for service and safety.
As demand for luxury air travel continues rising, NetJets is positioning itself to stay ahead of rivals—leveraging its broad fleet, sustainability efforts, and unmatched privacy to retain its leadership in the private aviation space.