Tag: NetJets

How Richard Santulli Became The Father of Fractional Ownership

26Jan

By Gareth SeagullNo Comments

Executive

How Richard Santulli Became The Father of Fractional Ownership

Though not as famous, Richard Santulli is up there with the likes of the Wright Brothers and Igor Sikorsky for his contribution to aviation field. But unlike them, Richard didn't make aircraft, he pioneered a new use for them. As the driving force behind NetJets, a company he founded and led for a quarter of a century, Richard created not only the notion of fractional jet ownership but also proved it could be successful - even when everyone else said it couldn't be done... (adsbygoogle = window.adsbygoogle || []).push({}); Early Life Richard T. Santulli was born on August 14 1944 in Bensonhurst, Brooklyn, New York. The son of a civil servant, Richard developed a passion for horses at an early age, eventually learning to ride and spent his teenage years riding i...

5Jan

By Christopher HarrowNo Comments

Opinion

Is Fractional Private Jet Ownership Worth it?

Over the last few years, fractional private jet ownership companies like Warren Buffett's NetJets and Kenn Ricci's Flexjet have seen a boom in demand. More people than ever before want to own their own slice of a private jet, and are willing to through the nose for it. Indeed, the average fractional private jet owner has a net worth of at least $250 million and spends an average $7.5 million acquiring their jet! So at that price, is it truly worth the cost? (adsbygoogle = window.adsbygoogle || []).push({}); What is Fractional Private Jet Ownership? The idea of fractional aircraft ownership goes back to the beginning of aviation. When aircraft became available for people to purchase and fly recreationally, flying clubs began to form and brought pilots from all back...