Boeing Unit, Executive Jet to Offer Time-Shared Planes

By KAREN KAPLAN

Oct. 21, 1997 12 AM PT

Boeing Business Jets and Executive Jet will announce a joint venture today that will allow several customers to co-own a single plane. The aim is to make corporate planes more affordable for firms that don’t need a plane at their disposal full time. Montvale, N.J.-based Executive Jet’s NetJets unit operates 90 time-shared aircraft, with 140 more on order. Boeing Business Jets is itself a joint venture of Boeing and General Electric.

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Karen Kaplan

Karen Kaplan covers science and medical research for the Los Angeles Times. She has been a member of the science team since 2005, including 13 years as an editor. Her first decade at The Times was spent covering technology in the Business section as both a reporter and editor. She grew up in San Diego and is a graduate of MIT and Columbia University.

Boeing Unit, Executive Jet to Offer Time-Shared Planes

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