NetJets Europe

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NetJets Europe offers fractional ownership of private business jets.

NetJets Europe
IATA 1I	ICAO NJE	Callsign FRACTION
Founded		1996
Fleet size		140
Destinations		Point to point
Headquarters		Paço de Arcos, Portugal
Key people		Mark Booth, William Kelly, Richard Santulli, Warren Buffett
Website: http://www.netjetseurope.com

1 History
2 Services
3 Staff
4 Fleet
5 NetJets Companies
6 External Links

[edit] History

NetJets Europe was founded in 1996 as a sister company of NetJets in the United States. In 2002 Mark Booth, the man who brought MTV to Europe and the former CEO of BSkyB, became the company’s Chairman and CEO. NetJets Europe offers products based on the fractional ownership programme developed in the US in 1986 by Richard Santulli, Chairman and CEO of NetJets Inc.

[edit] Services

Fractional Ownership

NetJets Europe has a fractional ownership 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. Customers own their shares, but NetJets Europe is responsible for operating the aircraft, providing flight crew management, trip scheduling, ground support and all maintenance services.

The company guarantees its customers availability of an aircraft from 10 hours and uses the tag line; Your Own Private Airline.

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 launched, offering private aviation to European companies on the NetJets Europe fleet.

[edit] Staff

NetJets Europe employs staff from all over the world and operates out of 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 United Kingdom, the EU or Switzerland. Currently a large percentage of pilots are from the United Kingdom, France and the Netherlands.

It has offices all over Europe, with sales and marketing based in London, operations headquarters in Lisbon and legal offices in Switzerland. There is also a dedicated maintenance operation based in Northolt near London, which services the company's aircraft.