NetJets Europe expects to move into its new Lisbon, Portugal headquarters in December. The fractional provider already runs all its operational and administrative functions from the Portuguese capital and it is now investing $28 million in a much larger building that will house slightly more than 400 staff. It also has a sales and marketing office in London. The past three years have seen rapid growth at NetJets Europe.
The DOT issued a “show cause” notice on Executive Jet Management’s plans to launch a business jet commuter operation. EJM, a NetJets affiliate that provides aircraft charter and management, submitted a DOT application in March to launch scheduled commuter service using business jets to connect Chicago, Los Angeles and New York City. Based on information provided in the application, scheduled flights could start as early as this summer.
While the fractional market continues to expand, shareholder growth is advancing at a slower rate, according to data from the Union Bank of Switzerland (UBS).
Business aviation continues to be a bright spot in the FAA’s annual aviation forecast, with top executives of two business jet manufacturers and the leading fractional ownership provider presenting generally upbeat assessments at the agency’s Aviation Forecast Conference in Washington, D.C., in late March.
Borge Boeskov, the Icelandic-born father of the Boeing Business Jet, died on June 9 after a lengthy illness, one day shy of his 69th birthday.
After several years of cost reductions, layoffs, closings and general malaise, there are definite signs that a slow economic recovery is starting to have a positive effect on the business aviation industry, and many in the interior completion and refurbishment business are breathing a sigh of relief.
After more than two-and-a-half years of negotiations for a new contract, the union representing some 1,900 NetJets pilots is closer to resolving their differences with NetJets management. According to Dave Vermeulen, chairman of the pilot’s union master executive council, the two sides recently reached agreement over benefits and an improved system for handling pilot grievances, disciplinary actions and terminations.
The fractional aircraft industry continued to grow during the 12 months ending April 30. Shares at the four major providers and 16 regional/local companies tracked by AvData of Wichita increased 7.2 percent, to more than 6,350. During the same period, the combined fleet expanded 5.1 percent, to 832 aircraft. Flexjet, alone among the four major providers, lost ground during the period.
NetJets Europe has launched a new NetJets Corporate Card program to market smaller blocks of flight time in its fractional-ownership fleet without the need to acquire an aircraft share. At the same time, it has rebranded Marquis Private Jet Card as the NetJets Private Jet Card, with NetJets having taken control of the London-based Marquis Jet Partners Europe operation.
David Horton was named president of Heli-Dyne Systems, an affiliate of CJ Systems Aviation Group. Horton reports to CJ Systems president and COO Larry Pietropaulo following a recent restructuring of Heli-Dyne Systems under both companies’ parent, FSS Airholdings. He held prominent positions at both Bell Helicopter and American Eurocopter.