NetJets Europe Climbing Strongly

AINalerts » January 15, 2008
January 15, 2008, 10:21 AM

Due to increasing customer demand, fractional aircraft provider NetJets Europe yesterday said it has worked with aircraft manufacturers to accelerate delivery of 39 new business jets worth more than $715 million. All of these airplanes–10 Cessna Citation XLSs; three Dassault Falcon 2000LXs and two Falcon 7Xs; one Gulfstream G450 and three G550s; and seven Hawker Beechcraft Hawker 400XPs, nine Hawker 750s and four Hawker 4000s–will now be delivered this year. These new jets will increase NetJets Europe’s fleet by 29 percent, to a total of 174 aircraft, eclipsing the division’s 18-percent fleet growth last year. The company’s shareowners took 73,622 flights last year, an increase of more than 17 percent from 2006. NetJets’ flight activity has increased by 55 percent since 2005, and the number of customers has now surpassed the 1,500 mark. Last year was the second consecutive year of profitability for NetJets Europe, with net profits doubling over the previous year. The company said its biggest markets remain the UK, France and Switzerland, but there has been growth in Germany, Central and Eastern Europe and Russia.

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