NetJets

December 10, 2012 - 9:15am
Celebrating a deal here at MEBA yesterday to establish an FBO at King Khalid International Airport in Riyadh are NasJet/ExecuJet’s Gary Forster, FBO manager–Riyadh (left), and NasJet director Hardy Sohanpal.

Saudi Arabia’s NasJet claims it is poised to grow revenues by 20 percent next year, after a healthy 6 percent gain during 2012. The increase, according to CEO Ghassan Hamdan, is due to growing aircraft management and operations support and more local charter agreements and charter business. In the first quarter of 2013, NasJet will open a new FBO at King Khalid International Airport in Riyadh in conjunction with Switzerland’s ExecuJet.

December 6, 2012 - 6:00pm

Milestone Aviation Group, the helicopter leasing firm headed by NetJets founder Richard Santulli, is raising $250 million to purchase aircraft and refinance previously purchased aircraft. It is doing this by offering senior unsecured notes that are due in 2017. Milestone, which provides 100-percent operating lease financing for helicopters, has leased more than 60 aircraft worth more than $850 million since its launch in August 2010.

December 1, 2012 - 6:05am

Airshow China last month provided yet more evidence of how eager the business aviation industry is to tap the enormous potential growth in China. Every major business aircraft maker made the trip to Zhuhai in the prosperous southern province of Guangdong, and their products formed one of the more prominent clusters among the 80 or so aircraft on display.

November 29, 2012 - 3:50pm

Bombardier Aerospace delivered NetJets’ first “signature series” Global 6000 at a special ceremony today in Montreal at Bombardier’s Global Completion Centre. “Today NetJets has unquestionably become part of the Bombardier Business Aircraft family,” said Bombardier Business Aircraft president Steve Ridolfi.

November 8, 2012 - 3:04pm

NetJets opened a new exclusive-use facility for its customers at Atlanta DeKalb-Peachtree Airport yesterday. The fractional aircraft provider has signed a long-term lease with Atlantic Aviation for the 2,800-sq-ft facility, which includes customer and crew lounges, a conference and business center and flight-planning facilities. According to NetJets, DeKalb-Peachtree is one of its most popular domestic destinations, with approximately 4,000 NetJets flights coming in and out of the airport annually.

November 2, 2012 - 3:50am
NetJets Europe Global 6000 interior.

NetJets Europe is betting on large-cabin, long-range operations as demand for light to midsize jets remains flat and is preparing to receive its first Bombardier Global 6000. Delivery is scheduled to take place by year-end, with commercial operations starting February 1.

November 2, 2012 - 3:50am

NetJets Europe is betting on large-cabin, long-range operations as demand for light to midsize jets remains flat and is preparing to receive its first Bombardier Global 6000. Delivery is scheduled to take place by year-end, with commercial operations starting February 1.

November 1, 2012 - 3:15pm

NetJets’ aircraft charter and management arm, Executive Jet Management, launched a new program that provides flight departments and aircraft owners with a suite of services that offer cost savings on fuel and crew training and VIP access to FBOs. Dubbed Support Services, the program also offers benefits that include preferred rates for crew recruiting, crew training classes, aircraft brokerage, aircraft quality evaluations and maintenance at EJM’s repair station at Cincinnati Municipal Airport-Lunken Field.

November 1, 2012 - 6:00am

AIN asked NetJets Europe to comment on the market conditions that have led it to seek further cuts among its pilot workforce. The company responded with the following written answers:

Demand for private aviation is clearly proving slow to recover. What is your current projection for demand levels going into 2013 and 2014?

November 1, 2012 - 4:10am

Anticipating several more years of suppressed demand for private aviation, NetJets Europe is seeking further voluntary redundancies from its pilot workforce. The fractional ownership and jet card provider is in consultation with its flight crews in the hope of avoiding compulsory layoffs, with some of the temporary payroll reduction measures it took in 2009 set to expire by the end of next year.

 
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