business jet

business jet
business jet, private jet or, colloquially, bizjet is a term describing a jet aircraft, usually of smaller size, designed for transporting groups of business people. Business jets may be adapted for other roles, such as the evacuation of casualties or express parcel deliveries, and a few may be used by public bodies, governments or the armed forces. The more formal terms of corporate jet, executive jet, VIP transport or business jet tend to be used by the firms that build, sell, buy and charter these aircraft. The allied term bizprop is in use amongst enthusiasts to refer to turboprop-powered aircraft used in similar roles.

Executive Jet Management (EJM) is the charter and aircraft management division of NetJets Inc., a Berkshire Hathaway company.

Services

Executive Jet Management’s services include private and corporate air charter, volume charter, corporate shuttles, charter aircraft management, and turnkey aircraft management. Executive Jet Management’s aircraft are located throughout the United States and include Cessna Citation, Falcon 900, Gulfstream III, Hawker 800, Learjet and Challenger 300.

Business jet, private jet or, colloquially, bizjet is a term describing a jet aircraft, usually of smaller size, designed for transporting groups of business people. Business jets may be adapted for other roles, such as the evacuation of casualties or express parcel deliveries, and a few may be used by public bodies, governments or the armed forces. The more formal terms of corporate jet, executive jet, VIP transport or business jet tend to be used by the firms that build, sell, buy and charter these aircraft. The allied term bizprop is in use amongst enthusiasts to refer to turboprop-powered aircraft used in similar roles but seems unlikely to spread.

There are approximately 11,000 business jets in the wordwide fleet with the vast majority of them based in the United States or owned by US companies. The European market is the next largest, with growing activity in Asia and Central America. There is a pre-owned marketplace in which aircraft are bought and sold based on their immediate deliverability because new aircraft orders often take two to three years for delivery.

Since 1996 the term "fractional ownership" has been used in connection with business aircraft owned by a consortium of companies. Costly overheads such as flight crew, hangarage and maintenance can be shared through such arrangements.

The business jet industry groups the jets into five loosely-defined "classes", Heavy, Super Mid-size, Mid-size