[9]: 177  The founding members of the board of directors included US Air Force generals Curtis E. LeMay and Paul Tibbets, Washington lawyer and former military pilot Bruce Sundlun, and entertainers and pilots James Stewart and Arthur Godfrey, with Lassiter serving as president and chairman of the board.

[10][11][12] Shortly after its founding, EJA began receiving regular investments from the Pennsylvania Railroad, which were managed by accountant David Bevan.

[9]: 183  To hide the investments from the PRR board, Bevan made the payments through a subsidiary, the American Contract Company, which he was president of.

When the CAB instead ruled against EJA, the company now found itself deeply unprofitable, and the Pennsylvania Railroad attempted to sell off its stake.

On July 1, the day before he was voted in as president, Sundlun led a midnight raid on EJA's corporate offices with the assistance of Pinkertons.

[12][9]: 197  Sundlun, Robert L. Scott Jr. and Joseph S. Sinclair bought out the Penn Central interest in EJA in 1972 and stabilized the company's finances.

When Santulli became chairman and CEO of the corporation, he closely examined 22 years of pilot logbooks, and began to envision a new economic model where several individuals could own one aircraft.

Shortly afterward, NetJets moved its corporate headquarters from New Jersey back to its original home in Columbus, Ohio.

[22] The prepaid Marquis Jet card allowed customers to purchase 25 hours of guaranteed flight time on the NetJets fleet.

[25][26] In September 2014, NetJets acquired approval to launch its aircraft charter service in China, having worked with Chinese authorities since 2012 to secure the operating certificate.

In January 2015, the United States District Court issued a decision in NetJets' favor, holding that the IRS assessments were unlawful.

[29][30][31] In 2019, a former NetJets pilot filed a lawsuit alleging that in March 2017, the company violated US Civil Right and Ohio anti-discrimination law when she was fired for being too short (5 feet 2 inches (157 cm)) to properly control the rudders of an Embraer Phenom 300.

She stated that male pilots who were too tall were reassigned to different aircraft, while her employment was terminated without the opportunity to fly a different plane.

[32][33][34] An Ohio federal judge ruled in favor of NetJets in 2022, citing the plaintiff's failure to prove sex discrimination.

[35] In the spring of 2020, the company saw a boom in demand, as wealthy individuals sought to avoid the risks of airline flying during the COVID-19 pandemic.

[38] In February 2021, the company purchased a stake in WasteFuel, a business that will convert landfill waste into sustainable aviation fuel (SAF).

[23] Due to a surge in demand for private aviation during the COVID-19 pandemic, NetJets suspended its card program in August 2021.

This program features "blackout" days, when service is not available due to expected high demand, such as on holidays or during major sporting events.