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Netprops provides alternative to Private Jet Ownership

Netprops, a California-based company, is now offering fractional air ownership for a price range of $50,000 to $100,000.

According to Peter Danto, a Netprops representative, owning, operating, and maintaining a private jet is expensive, especially in this harsh economic time.

“Our program is modeled after NetJets, a similar jet-based business created by Warren Buffet,” Danto described. “But owning and operating a jet can be prohibitively expensive, especially for flights of less than 500 miles.”

One of the planes being offered by the company is a customized Cessna 421 Golden Eagle, a propeller driven aircraft. Danto says this is significantly cheaper that other models, but can still efficiently and safely transport passengers from Truckee to Concord in 40 minutes.

“The optimum benefit is for small businessmen who need to travel longer distances,” said Danto.

The offerings of the company are described by Willie Albright, a RGJ correspondent from the Truckee Times. Alright writes, “When they buy into Netprops, customers pay a one-time fee for their share of the aircraft and a $600-a-month management fee that includes a pilot, hanger and all maintenance. In exchange they can get 100 hours of flight time. Gas costs extra.
 
With seating for six and plenty of storage room for skis or mountain bikes, his Golden Eagle also is pressurized, wired for laptops and heavily soundproofed. Danto said he spent upwards of $40,000 on cabin improvements and much more than that on overhauling the Cessna’s twin engines.”