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Warren Buffet

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In 1986, the founder of NetJets was looking for a convenient and flexible way to fly so he considered buying a private jet. In weighing out the matters of ownership, the freedom made sense but where costs and responsibility were concerned, it did not. He then considered co-ownership however, there were even more issues. Managing the schedules of his intended co-owners proved impossible and there was still the issue of hiring pilots, hangar the plane, and managing its maintenance. All barriers at the time which also presented an opportunity. In this concert of need, discovery and analysis was the seed for a new concept in jet ownership that both fulfilled the desire for access to private jets with all the benefits also eliminating the hassles and unreasonable expense – the concept born was “Fractional Ownership”. Happy Owners and Grand Expansion In an interesting turn that speaks volumes of the business…