Most expensive fractional?

[NJAowner]

RNOBased is correct. NJA made the business decision years ago not to negotiate on price. There are 2 things most men lie about, the size of certain things and what they paid for a car or plane. The fact is every NJA owner (CEO, celebrity, other) thisnkshe is special and does not want to think that someone paid less. I ahve a good friend who was in the first 50 owners of NJA planes and his company also bought sveral shares. A few years ago we both both Excel shares and he paid the same as me (He maybe given a few more upgrades, but we paid the same amount). This price integrity is key to NJA's marketing.

PS - to JonJuan. Noone has to but a new "Ultra share" as long as the fleet is still being flown. I am sure that as the fleet is almost retired, some long term Ultra owners do need to pony up to get into a current fleet. That is very different from adding money to stay in the same fleet.

Fly safe.

 

[glasspilot]

I'm glad that the forced buy back thing is cleared up. However, the original point about depreciation remains. Even if you own your G-400 share for 90 years and sell it when you die at 95, there is depreciation of that share. NetJets now holds a plane that is worth something. My bet is they sell the plane at X and pay the share owner X - (some percent).

That is how you make money. You never make money by "eating" significant costs like depreciation.

 

[fischman]

PS - to JonJuan. Noone has to but a new "Ultra share" as long as the fleet is still being flown. I am sure that as the fleet is almost retired, some long term Ultra owners do need to pony up to get into a current fleet. That is very different from adding money to stay in the same fleet.

Fly safe.

Just a slight clarification. We still have almost 60 Ultra's. However, you are correct. It is a declining fleet, and it should take about 6 years to say goodbye to the last one. I have personally retired 2 airplanes.

 

[fam62c]

Nice...whats the latest motto..We give you more
.....Because we pay less....

"We're not happy until you're not happy."

That's an old airline saying.