NetJets Europe is building carbon offsetting costs into its fractional ownership prices in a bid to become a fully carbon-neutral operation by 2012. Starting October 1, all new and renewed clients will purchase credits that cancel out the carbon they burn when they take flights. Current customers will be asked to voluntarily sign up for the program as part of their existing contracts. Meanwhile, NetJets in the U.S.
Mark Wilson, chief executive of the British Business and General Aviation Association (BBGA), plans to leave the organization in mid-October to take a new position as director of regulatory affairs with NetJets Europe. Wilson joined the General Aviation Manufacturers and Traders Association in 2003 and led its merger with the UK’s Business Aircraft Users Association to create BBGA.
Al Pod, former president and CEO of NetJets subsidiary Executive Jet Management, has been tapped to conduct an examination of opportunities for NetJets fractional share operations in China. “We have looked at China in the past,” NetJets president Jim Christiansen told AIN, “and until now we had felt that we weren’t ready or perhaps China wasn’t ready.” Pod will lead the six-month study.
Although the second quarter of this year raised the order backlog at Hawker Beechcraft to a company record $5.1 billion, roughly double what it was at the same time last year, the realities of purchasing Raytheon’s aircraft division led to an operating loss of $36.6 million. Sales for the second quarter were down 10 percent from last year to $701 million, despite the fact the manufacturer delivered two more aircraft in the same period.
Jean-Paul Herteman has been named chairman and CEO of the Safran supervisory board. He succeeds Jean-Paul Béchat, whose term expired on September 2. In addition, Jean-Paul Ebanga is replacing Michel Dechelotte as chairman and CEO of PowerJet, a subsidiary of Safran’s Snecma.
Dassault Falcon announced last month a multi-year expansion at its Wilmington, Del. facilities that will include use of an existing 22,000-sq-ft hangar for interior completion work. The announcement is particularly timely as this year Dassault expects to deliver 80 business jets; it expects that number to increase to more than 100 next year.
While debate over the future of the war in Iraq rages among Congress, the White House and the populace, several organizations and individuals in the business aviation industry have been quietly providing support to servicemen wounded in the conflict. One major effort involves Richard Santulli, creator of the fractional ownership business model and the chairman and CEO of industry leader NetJets.
Although the second quarter of this year raised the order backlog at Hawker Beechcraft to a record $5.1 billion, roughly double what it was at this time last year, the realities of purchasing Raytheon’s aircraft division led to an operating loss of $36.6 million.
One prediction about which most fractional providers’ executives and consultants agree is that within five years there will be only two strong major providers, with the current majors either being relegated to a niche market or merging into one of the stronger players. While they all concur that NetJets will be one of those two companies, there is no consensus on which of the other three majors will hold the other spot.
Most of the fractional executives interviewed for this article were not optimistic that very light jets (VLJs) will enter the fractional fleet.