How Did NetJets Become So Dominant?

NetJets Inc. is a private aircraft management company specializing in sales of fractional ownership shares in business jets. The American company was founded as Executive Jet Airways in 1964 and launched its fractional ownership business in the span of two decades. NetJets became the worlds first private aircraft management company. In 1998, it became a subsidiary of Berkshire Hathaway, under the management of Chairman and CEO Warren Buffett.