Former Gulstream president on the job at NetJets

 - November 2, 2007, 7:39 AM

Bill Boisture, who resigned suddenly in April as president of Gulfstream Aerospace, has been on the job for the last 30 days as president of NetJets. He joined the Woodbridge, N.J.-based fractional-ownership operator early last month and is directing the company’s North American operations out of Columbus, Ohio. Boisture will report directly to NetJets chairman and CEO Richard Santulli (who previously had also held the title of president) and work with him on “new strategies” and on ways to “continue to streamline the operational aspects” of NetJets.

At the recently concluded NBAA Convention, Boisture said Santulli approached him regarding the job at NetJets, partly as a result of their 15-year professional relationship. NetJets is Gulfstream’s single biggest customer, with more than 45 combined G200s, GIV- SPs and GVs (the majority of which are GIV-SPs) in operation. “We have done deals on a handshake–the bedrock of our relationship,” Boisture said at the convention.

Boisture’s special knowledge of Gulfstream’s inner workings is also likely to come into play in NetJets’ negotiations over future aircraft purchases. Kevin Russell, NetJets executive vice president, told AIN that Boisture’s inside knowledge of Gulfstream was “one of the advantages Richard [Santulli] looked at,” adding that the two men have “worked closely” in aviation business transactions over more than 15 years.

Boisture’s career includes top jobs at British Aerospace Corporate Jets, Butler Aviation and SimuFlite Training International. The former U.S. Air Force Academy graduate and fighter pilot was also a vice president with Canadair in the early days of the Challenger business