Between mid-June and mid-September, Hawker Beechcraft delivered three super-midsize Model 4000 twinjets, and more are on the way. Last month the company had more than 30 airplanes in the production pipeline, and throughout the last three years fleet orders for the $20.8 million composite-fuselage/metal wing airplane have accelerated as full certification neared.
NetJets Europe (NJE) announced in late August that it has sold its 3,000th “Private Jet Card” since the program was launched in 2002. The company sold half of those cards in the last two years. Prices start at ?131,000 ($182,000) for 25 flight hours in a small-cabin jet such as a Hawker 400XP or a Cessna Citation Bravo. The jet card accounts for 50 percent of NJE’s customers and 23 percent of its traffic, the company said.
NetJets pilots will be consolidated into a system-wide seniority list, per a letter of agreement between NetJets and the NetJets Association of Shared Aircraft Pilots (NJASAP), the in-house union for NetJets Aviation (NJA) pilots.
NetJets pilots will be consolidated into a system-wide seniority list, per a letter of agreement penned by NetJets and the NetJets Association of Shared Aircraft Pilots (NJASAP).
A substantial majority of fractional aircraft share owners indicated that they are satisfied with their current program. According to the latest Fractional Aircraft Ownership Experience Study, conducted for the fifth year by Aviation Research Group/US of Cincinnati, 92 percent of fractional aircraft customers are satisfied with their current program and program provider.
Tour de France cycling champion Lance Armstrong received a hero’s welcome as he boarded his NetJets aircraft after winning the race in Paris for a historic fifth consecutive time on July 27.
Increasing size provides economies of scale for any business, but for fractional operators attaining “critical mass” in terms of fleet size and flight crews is essential to the model working at all. Profitability then depends on the details of pricing and cost control.
At first glance, the fractional industry, like the alien menace in a sci-fi thriller, appears to be morphing into a menagerie of hybrids. But in reality these hybrids are essentially sales and marketing programs of existing operations, both fractional and charter.
Executive Jet Aviation owner and CEO Richard Santulli brought the fractional-ownership concept to the business aviation community in the mid-1980s. Santulli created a program called NetJets, selling aircraft in shares ranging from 1/16ths to halves.
Three business jet manufacturers on June 20 separately announced fleet orders worth as much as a combined $3.5 billion. Fractional provider NetJets was the biggest shopper, placing a firm order for $1.9 billion worth of Gulfstream G450s and G550s that will “significantly expand” its large-cabin fleet. Under the agreement, NetJets will take delivery of 20 G450s and 20 G550s between 2012 and the end of 2016.