NetJets Europe’s plan to take delivery of 30 new aircraft this year requires the addition of 130 to 140 pilots, said William Kelly, who just last month took over as CEO of NetJets Transportes Aereos (NTA), the operating arm of NetJets Europe. An accountant and lawyer, Kelly joined NetJets Europe in 2002 and worked as its CFO for the last three-and-a-half years.
Charter and Fractional » Fractional
News and issues concerning the fractional-ownership industry and markets, including company announcements, regulations, new developments and labor issues.
As the debate within EBAA has raged over the past 12 months, opponents of the IWG-BAO’s recommendations for a European version of the Part 91K rules for fractional ownership have complained that the increased flexibility that these allow would give an unfair competitive advantage.
The leadership of the European Business Aviation Association (EBAA) believes it has now reached a workable consensus on the complex and contentious issue of how to regulate fractional ownership operations. According to EBAA chief executive Brian Humphries, the key to achieving a solution that all parts of the industry can accept is an anticipated breakthrough in getting U.S.
NetJets Europe has bought a pre-owned Raytheon Beech 1900D twin turboprop to ensure timely positioning of flight crews, aircraft technicians and spare parts throughout Europe. Raytheon Airline Aviation Services has laid out the aircraft with a 12-passenger forward cabin and toilet separated by a movable bulkhead from an aft freight compartment that is loaded via a cargo door.
CitationShares launched a program–Citelines–that it says offers “payment predictability, customized program options and cost savings never before seen in the industry.” Citelines’ customers can “save tens of thousands of dollars” by choosing to fly on non-peak days. Under Citelines, owners can choose to fly 365 days, 350 days, 335 days or 320 days a year.
Members of the Teamsters union that represents mechanics, aircraft fuelers and other support personnel conducted what they called "informational picketing" at the NBAA Convention this week and elsewhere against their employer, fractional provider NetJets.
NetJets Europe has placed a “historic” $1.1 billion order for 24 Dassault Falcon 7Xs scheduled for delivery between the first quarter of 2008 through 2014. NetJets chairman and CEO Richard Santulli said the transaction, signed in Paris this morning with Dassault Aviation chairman and CEO Charles Edelstenne, is the “largest business jet order in European history and the second largest order ever” in terms of billings.
Houston-based regional airline ExpressJet announced here at NBAA’06 that it planned to open a new division to fly corporate charter services using 10 Embraer ERJ 145XRs scheduled for removal from its Continental Express feeder network. Plans call for the new unit, called ExpressJet Corporate Aviation, to start operations in December and absorb all 10 ERJ 145s by next May.
Preparing for future growth of its U.S. and European operations–and in spite of mounting losses–fractional ownership giant NetJets has placed orders for 72 business jets valued at more than $1.6 billion.
The nine-month-old NetJets pilot contract, which raised wages substantially, isn’t having the speculated adverse effect on profits at the fractional provider.