History

NetJets Europe, also known by its corporate legal name

Legal name

Legal name is the name that an individual is given at birth and/or recognized by a government or other legal entity, or which appears on a birth certificate , marriage certificate , or other government issued document on which a legal name change is evidenced and...

, 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

MTV

MTV, formerly an initialism of Music Television, is an American network based in New York City that launched on August 1, 1981. The original purpose of the channel was to play music videos guided by on-air hosts known as VJs....

 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

MidAmerican Energy Company

MidAmerican Energy Company is an energy company based in Des Moines, Iowa. Its service area includes almost two-thirds of Iowa, as well as portions of Illinois, South Dakota, and Nebraska. Its territory is wholly encompassed by the territory of the Midwest Independent Transmission System Operator...

 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

Richard Santulli

Richard T. Santulli , is an American entrepreneur and philanthropist. He is best known for pioneering the concept of fractional jet ownership with NetJets, a successful company he developed in 1986. Santulli was once considered by analysts as a possible successor to Warren Buffett at Berkshire...

, former Chairman and CEO of NetJets

NetJets

NetJets, a subsidiary of Berkshire Hathaway, offers fractional ownership and rental of private business jets.-History:NetJets Inc., formerly Executive Jet Aviation, was founded in 1964 as one of the first private business jet charter and aircraft management companies...

 Inc.

Services

Fractional Ownership

NetJets Europe has a fractional ownership

Fractional Ownership

In business, fractional ownership is a percentage share of an expensive asset. Shares are sold to individual owners. A fractional owner enjoys priorities and privileges, such as reduced rates, priority access on holidays and income sharing. Typically, a company manages the asset on behalf of the...

 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

Switzerland

Switzerland name of one of the Swiss cantons. ; ; ; or ), in its full name the Swiss Confederation , is a federal republic consisting of 26 cantons, with Bern as the seat of the federal authorities. The country is situated in Western Europe,Or Central Europe depending on the definition....

. Currently about 970 pilots are employed.

Its offices are spread over Europe; sales and marketing are based in London

London

London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...

, operations headquarters in Paço de Arcos

Paço de Arcos

Paço de Arcos in Oeiras, Portugal. With an area of 3,49 km², 28 000 inhabitants and population density of 3 390,5 hab/km². It was elevated to town by a decree at December 7, 1926....

, near Lisbon

Lisbon

Lisbon is the capital city and largest city of Portugal with a population of 545,245 within its administrative limits on a land area of . The urban area of Lisbon extends beyond the administrative city limits with a population of 3 million on an area of , making it the 9th most populous urban...

, Portugal

Portugal

Portugal , officially the Portuguese Republic is a country situated in southwestern Europe on the Iberian Peninsula. Portugal is the westernmost country of Europe, and is bordered by the Atlantic Ocean to the West and South and by Spain to the North and East. The Atlantic archipelagos of the...

 and legal offices in Switzerland. There is also a dedicated maintenance operation based at RAF Northolt

RAF Northolt

RAF Northolt is a Royal Air Force station situated in South Ruislip, east by northeast of Uxbridge in the London Borough of Hillingdon, West London. Approximately north of London Heathrow Airport, the station also handles a large number of private civil flights...

 near London, which helps servicing the company's aircraft.

Fleet

Total aircraft types: 11

Light cabin

• Cessna Citation Bravo
• Hawker 400XP

Midsized cabin

• Hawker 800XP
• Hawker 750
• Cessna Citation XL/XLS
  Cessna Citation Excel
  |-Operators:The aircraft is operated by private individuals, companies, fractionals, charter operators and aircraft management companies.*******-See also:-External links:* * *...
  
  

Large cabin

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