Netjets cost reddit

You could buy a nicer jet? I mean, nominally speaking, you can front the sticker price -- but you'll get eaten alive on fuel and maintenance over the jet's useful lifespan, and the jet as an asset is depreciating all the while. I say this almost as a reflex. I used to work in talent management many lifetimes ago, and I'd actually find netjets cost reddit having this talk with people in this specific situation, netjets cost reddit.

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. And the fact that most services operate out of smaller airports and private terminals has become even more appealing since the start of the pandemic, increasing demand.

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. I guess private jets are the same on a long distance scale.

Your total trip will be much greater. And the fact that most services operate out of smaller airports and private terminals has become even more appealing since the start of the pandemic, increasing demand. Retric on Sept 23, netjets cost reddit, root parent next [—].

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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.

Netjets cost reddit

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? The cost of NetJets will depend on how often you travel and the aircraft size you need. However, if you require more than 50 hours in the air per year and regularly make long-haul journeys, a fractional ownership program is likely to be the best value option. This not only makes the program financially worthwhile but also minimizes any extra effort or stress on your part — the NetJets team does all the hard work for you. Although the cost of the program will vary, owners can rest assured that it is a worthy financial investment. So much so in fact, that NetJets promises to buy back your share after three years if you decide to opt out of the ownership program, guaranteeing protection of your investment. In order to ensure competitive value for their owners, NetJets is also committed to mitigating certain fees and charges across their fractional ownership service.

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Flying cargo is more dangerous than flying people? Here's an in-depth breakdown of popular fly-share operators and what each one offers. For more frequent fliers, membership programs can be attractive. RickJWagner on Dec 9, root parent prev next [—]. Charter companies work with dozens of private air operators to locate your ideal flight and manage door-to-door logistics, with no long-term commitment required. Also very amuzing! Learning to navigate the multitude of companies and different categories of private air travel—from fly-share services to fractional ownership—can feel overwhelming. Will bunch of Cessnas do? You could always do Boston to Anchorage to Hanoi. Most guys I know that have them are firmly middle class.

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?

And a few orders of magnitude in cost. A major advantage to buying a jet is depreciation. You're not going to get between any major Asian destination China, Japan, Korea and other major endpoints Australia, US, Europe non-stop with such short range, but the Asian airlines do these routes all the time. I could be totally wrong here, because I'm neither a jet owner nor a pilot. I am not sure if he was he originator of that saying though. But I remember talking to a group secretary who'd been an executive secretary in the Dot Com heyday. It isn't a parody, but it's definitely irreverent and thoroughly entertaining. Owners purchase a portion or share of an aircraft, which is doled out in hours of flight time. It's not just door to door time, but schedule flexibility. Making cake for the rich isn't an example of the broken window fallacy either, and I'm not sure what that has to do with anything. It's about 60 miles from Round Rock or downtown. Also fewer problems. Which is a very different thing and made you sound fairly unreasonable It makes perfect sense for someone with his large business interests to utilize a personal jet for optimization of time. Maybe we are reading totally different sources that it has been on your radar for decades.