Richard Santulli

November 12, 2009 - 9:42am

At the National Air Transportation Association (NATA) Aviation Business Roundtable Monday and Tuesday, more than 65 aviation business leaders shared their concerns about critical issues with FAA, DOT and TSA leaders and political, policy and financial experts.

November 12, 2009 - 9:41am

Revenues at NetJets, Berkshire Hathaway’s fractional jet share company, dropped $471 million (41 percent) in the third quarter of 2009 and $1.495 billion (42 percent) for the first nine months of 2009, compared with 2008 results, according to the parent company’s November 6 quarterly report. The decline in revenues stems from a 79-percent drop in aircraft sales, according to the report, and a 24-percent reduction in flight revenue hours.

November 2, 2009 - 8:53am

New NetJets chairman and interim CEO David Sokol has begun making changes at NetJets Europe, appointing a new boss to run the business and implement job cuts at its headquarters. Eric Connor has been appointed the new CEO and chairman of NetJets Europe following the October 4 resignation of CEO William Kelly “to pursue his own interests.”

October 21, 2009 - 9:53am

Marquis Jet’s Randy Brandoff said his jet card company is well positioned to take advantage of the shifting sands of the corporate jet market. Brandoff, the newly appointed executive vice president and chief marketing officer for Marquis Jet (Booth No. 291), said the company’s business is down slightly for the year, but demand is actually on the rebound.

October 14, 2009 - 9:42am

The fractional share marketplace is changing rapidly in response to the lengthy global recession. While most fractional operators already reduced staffing levels to match lower levels of customer activity, it wasn’t until September 11 that NetJets announced layoffs of 350 nonunion employees.

October 6, 2009 - 1:08pm

New NetJets chairman and interim CEO David Sokol has begun making changes at NetJets Europe, appointing a new boss to run the business and implement job cuts at the division’s headquarters in Lisbon, Portugal.

September 29, 2009 - 7:12am

Fractional provider NetJets on September 11 announced the first major workforce reduction since David Sokol took over in early August as chairman and acting CEO, following the resignation of company founder Richard Santulli on August 4.

August 25, 2009 - 7:03am

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.

August 25, 2009 - 6:44am

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.

August 13, 2009 - 11:41am

NetJets’ new chairman and acting CEO, David Sokol, has barely been at the helm of the fractional provider a week, but he isn’t wasting any time in restructuring the company that lost nearly $350 million in the first half of this year.

 
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