NetJets Europe (business name of NetJets Transportes Aéreos, S.A.) is a company that offers fractional ownership of private business jets. It was founded in 1996. Being a partially owned subsidiary of NetJets Inc., it is based in Portugal, being the largest business aviation company in Europe, with a dedicated fleet of 100 aircraft of nine different types. It flies around 1,500 owners to 900 airports in Europe and more than 5,000 airports around the world.
NetJets Inc., formerly Executive Jet Aviation, was founded in 1964 as the first private business jet charter and aircraft management company in the world. Executive Jet Aviation was purchased in 1984 by former Goldman Sachs executive Richard Santulli who became chairman and CEO of the corporation. In 1986 the NetJets program was created by Santulli as the first fractional aircraft ownership program. NetJets Inc. has the largest private jet fleet both globally and in Europe, with more than 650 aircraft worldwide.
Jets are classified by cabin size: light cabin (Embraer Phenom 300), mid-sized cabin (Hawker 750, Hawker 800XPi, Cessna Citation XLS, Bombardier Challenger 350, Cessna Citation Latitude), large cabin (Dassault Falcon 2000/2000EX, Gulfstream G550, Bombardier Global 6000).
