NetJets Europe has added a Gulfstream V to its fractional ownership programme, with plans to acquire more G550s if demand continues to rise.

Owners of the GV in NetJets’ programme will be able to use the aircraft to fly to and from any destinations they please, which, according to the company, is one of the key benefits of fractional ownership.

“NetJets aircraft are not based anywhere per se,” said director of communications and business development Robert Dranitzke. “That is the beauty of our business model and why we do not charge owners positioning costs on one-way flights. For the owner, it is as if we have an aircraft based in every airport in Europe and the US.

“Owners of the Gulfstream V will be able to use the aircraft for any missions they require. That being said we believe that this aircraft will be primarily deployed on flights to the US, Caribbean, Canada and Mexico as well as for flights to the Far East and South America,” he added.

Dranitzke believes that the best attributes of the GV, from a user’s perspective, are its speed, enhanced high altitude performance, the fresh air circulation in the cabin and the ‘beautiful’ windows.

As for disadvantages, Dranitzke remarked: “It may be difficult once you fly on this beautiful plane to fly on smaller aircraft!”

The company is planning to add six new aircraft to its fleet before the end of August, and more G550s will follow if the market demand is as high as it anticipates.

Some of the recent additions to NetJets Europe’s fractional ownership fleet have already sold out, and the company expects this trend to continue with the rest of the fleet.

“We have sold out of the Gulfstream IV-SP we took delivery of in March,” said Dranitzke. “Furthermore, we have sold out of two Citation Bravos we took delivery of earlier in the year and we expect to quickly sell out of the three new Bravos we will take delivery of in the next 30 days.

“We have also taken delivery of two Citation Excels and three Hawker 800XPs so far this year.”

NetJets Europe’s fleet consists of Citation Bravos and Excels, Hawker 800XPs, Falcon 2000s and 2000EXs, Gulfstream IV-SPs and Gulfstream Vs. The company expects to take further deliveries of all of these aircraft types.