Shortly before the departure of NetJets chairman and founder Richard Santulli, NetJets Europe achieved its goal of reducing flight crew capacity by 60,000 pilot duty days per year in response to declining demand for its fractional ownership and block charter services.
Aviation International News » September 2009
The administrative burden of complying with the confusing requirements of Europe’s emissions trading scheme (ETS) comes at a time when many operators are facing a severe downturn and revenue declines of as much as 30 to 40 percent.
Aircraft operators needing to register their plans for the monitoring, reporting and verification (MRV) of emissions data under Europe’s emissions trading scheme (ETS) are probably facing a revised deadline of around Nov. 8, 2009. The European Commission (EC) on August 22 officially published a long-awaited revised list of operators and the European Union (EU) member states to which they have been allocated for compliance purposes.
In a major management shake-up at fractional provider NetJets, company founder, chairman and CEO Richard Santulli on August 4 unexpectedly resigned, effective immediately. Credited as the “father of the fractional aircraft industry,” Santulli said he plans to remain with NetJets as a consultant for at least a year.
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