Word: santulli
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Executive Jet is the brainchild of Richard Santulli, 54, a former leasing specialist from Goldman Sachs who still runs the company. What Santulli figured out is this: How many jets and how many owners do you need to ensure that each owner can be guaranteed a jet with as little as four hours' notice, anytime? Priced to make a buck, of course. Customers do not buy a particular plane so much as the right to fly on a jet of the class they have purchased. NetJets owners can purchase a fraction of a plane up to the whole thing...
...Santulli's operation got lift because many companies couldn't afford--or couldn't justify--owning a jet outright. Yet as commercial service deteriorated, they also found themselves at the mercy of big airlines. Fractional ownership splits the difference: expensive, but cheaper than full board; and the convenience helps compensate for the cost. Just try flying on commercial airlines from Mobile, Ala., to Moline, Ill., nonstop. NetJet offers everything from small Cessna Citation S/IIs up to the new Boeing Business Jet, a reconfigured...
...PETER SANTULLI St. Mary's High School Manhasset...
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