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NetJets, a private aviation company selling fractional ownership in its planes, announced Thursday that it had agreed to purchase Marquis Jet, a private jet cards company that sells the use of ...
In 2010, NetJets acquired Marquis Jet from founders Jesse Itzler and Kenny Dichter. [22] The prepaid Marquis Jet card allowed customers to purchase 25 hours of guaranteed flight time on the NetJets fleet. [23] On 11 June 2012, NetJets placed the largest aircraft order in private aviation history totaling US$17.6B.
A jet card is a private aviation product that enables holders to use different aircraft at agreed-upon fixed hourly rates. Jet cards are offered by large and small fleet operators and charter brokers. [1] [2] There are as many as 65 variables between jet card companies, according to Private Jet Card Comparisons, a buyer's guide to jet card ...
Dichter founded Marquis Jet in 2001, the first fractional card jet program. By 2007, the firm was turning over more than $700 million per year from its 3,500 customers. [ 7 ] In November 2010, Dichter sold Marquis Jet [ 8 ] to NetJets , a subsidiary of Warren Buffett 's Berkshire Hathaway .
On average, heavy business jets cost between $15 million and $30 million. Ultra long range heavy jets: Jets like these hold enough space to act as flying hotel rooms. With full-size beds and room ...
Having a private jet costs money — just ask Taylor Swift the next time you see her flying over your town. Learn More: 6 Reasons the Poor Stay Poor and Middle Class Doesn’t Become Wealthy.
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