Netjets cost reddit

You could buy a nicer jet? I mean, nominally speaking, netjets cost reddit, you can front the sticker price -- but netjets cost reddit 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 myself having this talk with people in this specific situation.

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.

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.

You're better off just chartering private flights when you need to. Gibbon1 on Dec 10, 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. That share entitles you to a certain amount of hours in that aircraft type, with the option to upgrade or downgrade to any other jet in their inventory. You can purchase a share in hour increments, with a minimum of 50 flight hours. Ferry costs, which most charter firms need to reposition a jet, are rarely paid by NetJets owners due to the Ferry Waiver Program which makes travel more accessible and typically removes this extra cost.

Netjets cost reddit

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? By Doug Gollan , March 6, Flexjet, Inc. It showed an increase of 52, flight hours from to

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Really quite hard to fathom for any of us accustomed to growing up without that burden. I've been in corporate jets like Citations. Why be a passenger when you can be the captain! A number of newer services are connecting fliers directly with charter operators, allowing you to browse, book, and buy within minutes. CNT Editors. Then back, right after the meal. For short haul domestic a private jet blows away commercial, but mostly I'd rather spend my money in other ways. For most intercontinental routes, you're not going to be lucky enough to have a decent airport to do a fuel stop at without taking a significant detour, which costs both fuel and time. It's not just door to door time, but schedule flexibility. It's not an "exception", it's totally normal for the huge jets that Asian airlines fly for their intercontinental routes. Such hideously wasteful extravagance, and how sad that these people who are already absurdly rich are still greedy for more. Uber for jets So you'll have to do something like stop on the west coast, then stop again in Hawaii or Guam. It's still also no substitute for meeting face to face over the long term.

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?

No, I don't believe fuel and depreciation are being destroyed. It is not, but that much range is an exception even with airliners. Not a cent of the money is in any way wasted. It's actually a pretty good read Also very amuzing! People simply are not able, even if well intentioned, to decide what matters and what doesn't. MrFantastic on Sept 22, root parent next [—] However, that is fatalism, and an improperly functioning government doesn't negate the fact that only government can guide the market to preserve the resources of the future including our health. Family travel is less frequent and generally limited to whole-family trips, but said trips can and do occur a lot more frequently when you have those means. SyneRyder on Sept 22, root parent next [—]. No surprise such opinions don't go down favourably on HN though. No need to format the disk and reuse, he would just pull another one out. Half memoir half advice. Flying private, it's not a problem. If I had a chauffeur then we'd leave when I wanted.