Shaircraft recently completed a hugely successful negotiation of a new share contract for a Sovereign share. With each new iteration of its contracts, NetJets has sought to put more and more costs on the owners and limitations on the liquidity of their shares, while at the same time watering down NetJets' obligations.
In negotiating well over 100 changes to the NetJets' standard contract, Shaircraft was able to:
- Increase the liquidity of the share by improving the buyback process and limiting restrictions on transfers to third parties.
- Guarantee access to future program enhancements.
- Improve restrictions on ad hoc price increases.
- Improve renewal terms.
- Strengthen performance standards for NetJets.
- Add concessions to the contract that will increase value and reduce costs for the owner.
If you're considering investing in a fractional share, with NetJets or another provider, we'd be happy to help you get the most out of your investment.
