NetJets Nears 1,000 Private Jets in Fleet

The fractional company is growing at record speed.

With planned additions and no expectations to dispose of any of its current aircraft, NetJets is on track to have nearly 1,000 jets in its fleet by the end of next year, Patrick Gallagher—the fractional lift provider’s president of sales, marketing, and service—said recently at the Corporate Jet Investor Miami event. Currently, the company operates more than 850 aircraft worldwide between its U.S., European, and Executive Jet Management fleets.

According to Gallagher, NetJets will receive another 25 to 30 new jet deliveries by year-end, bringing the total fleet additions this year to about 75 aircraft. The company expects to add more than 100 new-production jets next year. 

A year ago, NetJets halted all sales to concentrate on its existing customers, and while fractional sales have since resumed, Gallagher added that its inventory is sold out through 2023, with some interim leasing solutions still available. “We’re taking [non-refundable] deposits against 2024 deliveries at this point,” he said. That is a total reversal from 2008 when the company took delivery of 88 aircraft, none of which were presold.

While its jet card sales are still being limited strictly to renewals, the operator expects those programs to fully resume next year.

As for staff to fly those new additions, Gallagher told the audience that NetJets receives more than 350 pilot resumes a month and has hired 450 flight crew members this year. It expects to add another 700 in 2023.

In addition to fleet expansion, the company has also concentrated on real estate—with 14 service locations around the country. “It’s not just about having owner lounges, it’s really more about keeping the fleet moving and not having to rely on oversaturated third-party providers,” Gallagher explained.