First BBJ, GV for NetJets

On a recent tour of Europe, Executive Jet's Warren Buffett and Richard Santulli announced delivery of the first Boeing Business Jet and Gulfstream V long range business jets for their company's NetJets fractional ownership program.

"We'll be using both the BBJ and the GV to connect the continents, " said Executive Jet's chairman and CEO Santulli. "As technology continues to shrink the world, and more and more companies compete in worldwide markets, the need to meet face-to-face becomes even more important than ever before. Both aircraft broaden the NetJets fleet and allow us to provide owners with a full range of airplane sizes to meet their global business transportation needs."

In the U.S., NetJets offers fractional interests in 10 different types or aircraft, ranging in size from the Citation Ultra and Excel to the Gulfstream IV-SP, GV and BBJ. European clients can take shares in six types, from Citation S/II to Falcon 2000, while NetJets Middle East operates Hawker 800XPs, Falcon 2000s and GIV-SPs.

"Each aircraft is chosen because it is the best aircraft in the world based on reliability, safety, performance and residual value," said Santulli. "Our existing GIV-SPs, GVs and BBJs link continents, while the other aircraft were chosen to meet the varying needs of our NetJets owners in each program."

NetJets is the world's largest provider of fractional ownership. In addition to its current operations in the U.S., Europe and Middle East, plans are under way for NetJets programs in Asia and South America. Among upcoming business jets that NetJets has on order are the Cessna Citation Sovereign, Gulfstream V-SP and Hawker Horizon.