NetJets Encore
COLUMBUS, OHIO – November 4, 2010 – NetJets Inc., the global leader in private aviation, announced today an agreement to purchase Marquis Jet, the leader in private jet cards. Under the terms of the agreement, Marquis Jet became a wholly-owned subsidiary of NetJets; no additional details were disclosed.
According to NetJets Chairman and Chief Executive Officer David Sokol, “By bringing NetJets and Marquis Jet together we combine the unquestioned industry leaders in safety and Owner service and, simultaneously, we create the finest sales and marketing organization in private aviation.”
The acquisition of Marquis Jet by NetJets will yield meaningful cost benefits and provide a shared vision to deliver unparalleled Owner experience and value. Most importantly, the acquisition will provide the most competitive pricing structure in the marketplace.
The Marquis Jet Card program, providing individuals and corporations with access to NetJets 25 hours at a time, began in 2001 under the direction of Marquis Jet Partners Founder and Chief Executive Officer Kenny Dichter. The newly branded Marquis Jet Card by NetJets will continue to be a part of a full set of private aviation solutions offered by NetJets.
Kenny Dichter said, “Today, we look to our future. As part of NetJets, Marquis Jet can best capitalize on new opportunities over the long term and provide even greater value to our Marquis Jet Card Owners, which has always been our guiding objective.”
The decision to fully integrate the Marquis Jet Card program is part of the NetJets 10-year business plan, which also includes the consolidation of U.S.-based business functions and, most recently, an order to purchase up to 125 new aircraft.
