Fri. Jun 2nd, 2023

NetJets, already the largest private jet operator in the world, is continuing its growth plans. Today, the unit of Berkshire Hathaway became the first fleet operator to order Bombardier’s Global 8000 ultra-long-range private jet.

According to the announcement, the fractional share provider will operate a fleet of 24 Global 8000 aircraft, including the new firm order for four jets, eight conversions of aircraft previously ordered, and aircraft already on order or in service.

A press release stated NetJets “will also be working with Bombardier to upgrade the entire in-service Global 7500 fleet to Global 8000 jets when they begin taking delivery of its new flagship aircraft. NetJets could subsequently grow its fleet—the world’s largest, most diverse fleet in private aircraft—through a series of options that could be exercised progressively over the coming years.”

The order for the four additional aircraft is valued at $312 million, based on list prices.

NetJets’ current fleet includes 32 Global 6000s, 14 Global 5000/5500s and four Global 7500s. Overall, including its European and Executive Jet Management aircraft management unit, the company operates around 850 private jets.

Speaking during Corporate Jet Investor in Miami earlier this month, its President Patrick Gallagher said the company would continue organic growth, eschewing the industry’s merger and acquisition binge.

Rivals Wheels Up Experience and Vista Global have made a dozen acquisitions since 2018, the latter having snapped up Jet Edge and Air Hamburg earlier this year.

Since CJI, NetJets announced a new maintenance and service facility in Scottsdale, Arizona, following similar investments in Denver, Colorado, and San Jose, California.

The company also said it inventories over 750,000 parts, all part of its push to provide reliable operations as the industry continues to navigate supply chain issues.

Last year, NetJets ordered an additional 100 Phenom 300s from Embraer. It currently has 114 of the light jets in its fleet.

While NetJets recently restarted jet card sales to current and existing customers, its President Patrick Gallagher told the CJI audience the company is sold out of fractional shares for 2023 deliveries.

“The new Global 8000 aircraft is the ultimate solution for NetJets’ discerning owners, offering a truly seamless private aviation experience,” said Eric Martel, President and CEO of Bombardier, adding, “NetJets’ experience and expertise make them the ideal partner to unlock the full potential of this revolutionary Mach 0.94 business jet in a large fleet context. Our valued relationship continues to grow stronger, and we are proud to share this historic milestone together.”

Gallagher added, “[W]e are continuing to invest in further expansion for prospective owners in North America and across the globe. In fact, by the end of 2023, we are proud to share that our worldwide fleet will be approximately 30% larger than it was in the beginning of 2022.”

The Global 8000 features a cabin altitude of 2,900 feet when flying at 41,000 ft. It is also equipped with Bombardier Pũr Air and advanced HEPA filter technology for fast, fresh air replacement. The cabin incorporates the Nuage seat, introduced on the Global 7500, with a zero-gravity position helping flyers to arrive at their destinations revitalized and refreshed.

The Global 8000s Principal Suite features a full-size bed, and the cabin includes Bombardier’s l’Opéra directional audio sound system and an available 4K monitor.

The aircraft’s additional range opens nonstop flights from Dubai to Houston, Singapore to Los Angeles and London to Perth, among others.

Leave a Reply

Your email address will not be published. Required fields are marked *