NetJets
4111 Bridgeway Ave, Columbus, OH, 43219, United States
Overview
NetJets Two decades after making an indelible mark on human history in World War II, three retired military pilots set out to change the course of aviation history. It was fifty years ago, 1964, that U.S. Air Force Generals Curtis LeMay and Paul Tibbets, with U.S. Army Air Corpsman Bruce Sundlun, partnered to give birth to NetJets’ forerunner, Executive Jet Aviation, one of the world’s first aircraft management businesses. With retired Air Force Brigadier General Dick Lassiter serving as president and chairman of the board – not to mention founding partners such as entertainers James Stewart and Arthur Godfrey – They were in quite capable hands right from the start. And They’ve been pioneers ever since. In 1984, when Richard Santulli purchased EJA and created the NetJets program – and with it, the concept of fractional ownership – They truly cemented Their place in the record books. In the following years, They grew steadily and constantly looked for new ways to ensure They provided the best safety and service for Their Owners: new aircraft, new facilities, new global programs. In 1995, Warren Buffett joined NetJets as a customer; by 1998, he was so impressed with the operation that he bought the company, adding it to the Berkshire Hathaway empire. From then on, with Berkshire’s backing, NetJets has had unmatched resources to invest in whatever it takes to always be the best and safest player in the industry. Today, NetJets continues to uniquely and expertly fill a crucial need – helping Their Owners save time in order to take care of what’s most important in their lives. And as They nurture a nascent operation in China, add state-of-the-art Signature Series™ aircraft worldwide, and take any and all steps to provide the most seamless and enjoyable travel experience possible, you can bet that They will continue to live up to Their promise.
- Total investments
- 1
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 8
Sector focus
- Aerospace
- In-Flight Entertainment
- Privacy
Investment portfolio
- WasteFuel
Participated · Series B · Jul 2023
WasteFuel develops scalable technologies—including anaerobic digestion and methanol production—to convert bio-based municipal and agricultural waste into lower-emission fuels such as bio-methanol. The company plans to build multiple bio-methanol plants globally in collaboration with local strategic partners, including waste companies. Its first project is expected to be a waste-to-bio-methanol plant in Dubai, UAE, and it has a pipeline of additional projects to develop. WasteFuel was founded by Trevor Neilson and Alejandro Estrada and was launched by i(x) Net Zero. The company aims to supply lower-carbon alternatives for hard-to-abate sectors like shipping. bp has signed a memorandum of understanding to offtake produced bio-methanol and to collaborate on optimizing production. WasteFuel uses proven technology to convert municipal waste into aviation-grade sustainable fuels that it says burn at least 80% less carbon than fossil-fuel based aviation fuel. The company reports its SAF has a Carbon Intensity (C.I.) of 0 versus an average C.I. of 41 for alternative SAFs and a baseline of 89.4 for non-renewable aviation fuel. At full capacity a single biorefinery will convert 1 million tons of municipal waste into 30 million gallons of SAF annually. WasteFuel is developing a plant in Manila, Philippines, in partnership with Prime Infra, slated to be operational in 2025, with plans to import the fuel into Los Angeles for distribution across NetJets operations. The company frames its product as addressing both the global waste crisis and aviation emissions by reducing landfill methane and producing low-carbon fuel. WasteFuel and partners plan to develop four additional biorefineries in the coming years.