Cost to fly on Netjets??

[CA1900]

So its safe to say the most netjet customers are either famous with millions or people with millions to spend?

Not necessarily. This week most of my flights were businessmen traveling for work. We let people do in two days what would take a week traveling on the airlines through hubs.


As for costs, it depends on a lot of things -- owner vs. hourly cardholder, size of airplane, number of hours flown, and so on. A light user might opt for a Marquis Jet Card, which offers 25 hours for $132,900 in a Citation Ultra. That's a fairly high hourly rate, but there's no share ownership required, and no commitment beyond the price of the card.

If you fly more, a 1/16th interest in a Hawker 400XP, for example, would cost you $425,625. That's an asset, and can be depreciated on taxes, and sold back at the end of the contract term. For an owned share like that, the occupied hourly cost would be much lower, so for heavier users, share ownership is a better value.

For more detail, you'll have to ask a sales guy. The ownership page also has some more information.

 

[chuckthepilot]

Nice!
If you can't foot the bill, maybe check out JetBlue. All you can fly for $599.

http://guides.travel.msn.com/Guides/article.aspx?cp-documentid=1084636&icid=msn1084636&GT1=41000

 

[ThisistheDream]

CA1900, thanks for real educated answer.
If I had the money I would fly netjets over the airlines anyday!

 

[gret]

Nice comments from some of you. We'll see how much it costs in a few months.

 

[brokeflyer]

Nice comments from some of you. We'll see how much it costs in a few months.

whatever it is, there is a reason why NetJets isn't the cheapest. Do you price compare for a heart surgeon?



There are fractionals then there is NetJets.....We don't have any competition.

 

[jppt2000]

Nice comments from some of you. We'll see how much it costs in a few months.

The model is dead, and always has been.

The objective was to get to get to a "critical mass" and they have achieved it, but they still lose money.

Netjets has made money 18 months out of their 20 years of their life.

RTS is a very smart guy, but it simply doesn't work.

Busines is down by 25% and that means they have to cut costs by the same amount. Do the math and that tells how many crewmembers have to go.

Nice comments from you.
Another Netjets hater!

 

[jonjuan]

There are fractionals then there is NetJets.....We don't have any competition.

Especially in the lo$$ dept. lolololol

 

[ultrarunner]

The next few years will be interesting. Warren and his people are pretty darn smart, IMHO, and I don't see Warren keeping any company, NJ included, that is going to have an adverse effect on BRK. The stock has been in a steady decline since last October, having only recently started to gain a bit.

But NJ isn't a company easily off-loaded. And smart-money will likely stay away from aviation businesses for the next year or so.

If anything, Warren will cut WAY back in order to ride out the storm, park some planes, park some crews, and do more with less....pretty much SOP.

Being the undisputed leader in anything still does not provide the protection that those with NJ hard-on's think it does.

IMHO.

 

[jonjuan]

whatever it is, there is a reason why NetJets isn't the cheapest. Do you price compare for a heart surgeon?

Most good heart surgeons don't pay for miley cirus concerts for their patients or advertise on tv at the superbowl. Most heart surgeons also MAKE money (at least the good ones). Try another example.

 

[jonjuan]

Being the undisputed leader in anything still does not provide the protection that those with NJ hard-on's think it does.

IMHO.

That must make broke the Hedgehog of nj.