In the world of private jets, "low cost" becomes a relative term. Although spending hundreds of thousands of dollars on private ownership of a jet isn't cheap by most people's standards, compared to purchasing a jet costing millions of dollars, it counts as a bargain.
Outside of a lower cost, the purpose of acquiring fractional jet ownership from NetJets is to fly privately and on an on-call basis. As long as NetJets is notified within 10 hours, a jet can be immediately made ready. Private ownership allows freedom from the hassle of airports. Time is purchased in increments. Beginning at 50 hours of flying time per year, time can be purchased based on the needs of the owner.
NetJets offers a large variety of aircraft available for purchase. As of 2011, the company has over 700 aircraft available to clients. The jets also come in different sizes depending upon the need of the owner. The longest aircraft have a range of 7,700 miles and can fit up to 18 passengers, with the smallest ones holding six passengers.
NetJets offers several benefits to owners, including emergency medical services. The company is partners with Mayo Clinic, providing all jet passengers with instant access to doctors or nurses via an onboard telephone. Onboard crews have also been trained by Mayo Clinic for emergency-preparedness.
Alternatively, NetJets offers jet owners the opportunity to join their Chairman's Club Preferred member. It provides the benefit of a free Avis car delivery, assuming the airport is within 25 miles of the car rental.
