Newport Jets vs Net Jets- Fractional
Newport Jets vs Net Jets- Fractional
The Numbers–
$16,000/month (monthly maintenance) x 12 months = 192,000/ year
$192,000 x 5 years = $960,000
You will pay that $960,000 if you fly or not.
100 Hours on a Citation Excel/XLS- This is the least expensive medium that net jets offers
$1,370,000- (Cost of your 1/8 -100hr fraction with Net Jets) / 100 hours = $13,700/hr for a medium jet
Synopsis-
Ø Over a 5 year period you will pay near $1million in maintenance cost, or nearly $200k a year just for owning a jet. This has nothing to do with you flying that is to keep the Net Jets fleet in the air.
Ø $13,700/hr for a medium jet is nearly over 40% higher than the industry standard, and fuel isn’t included
Ø The numbers don’t make sense, and the bottom line is you can fly a lot longer for a lot less.
All information was verified through Net Jets marketing materials and collateral that was sent to me by Net Jets and confirmed by there Asst VP – Leigh Anne Munson-732-326-3773