He is known for inventing the fractional jet ownership industry and growing NetJets into a multinational corporation.
The founding members of the board of directors of Executive Jet Aviation Corporation (EJA) included Air Force generals Curtis E. LeMay and Paul Tibbetts, Washington lawyer and former military pilot Bruce Sundlun, and entertainers James Stewart and Arthur Godfrey among others, with retired Air Force Brigadier General Olbert F. ("Dick") Lassiter as president and chairman of the board.
As a civilian he would served as Vice President of Executive Jet Aviation.
As of 2012, Immaculate Flight also holds contracts for fractional companies such as NetJets, Flexjet, CitationAir, and Flight Options to name a few.
NetJets Europe offers products based on the fractional ownership programme developed in the US in 1986 by Richard Santulli, former Chairman and CEO of NetJets Inc.