
Columbus - State and local governments will give more than $67 million in incentives for an expansion of private air charter service NetJets Inc.
In exchange, NetJets will invest more than $200 million in its campus at Port Columbus International Airport, where its sister company, FlightSafety, will more than double the size of its training operation, NetJets announced Wednesday.
NetJets plans to add at least 810 jobs to its 2,022-employee work force and will partner with Ohio State University to attract college graduates and develop personnel in Ohio.
The decision ends speculation that NetJets would move its operations elsewhere. It had considered Raleigh, N.C., Orlando, Fla., and Fort Worth, Texas.
NetJets' customers buy fractional shares of an aircraft in exchange for access to flight service. The fractional market is growing about 8.5 percent annually, NetJets said in a news release. According to the Federal Aviation Administration, fractional ownership aircraft fly about 1,200 hours annually compared with roughly 350 hours for all business jets in all applications.
NetJets also offers aircraft management, charter management and on-demand charter services through a subsidiary, Executive Jet Management.
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