NetJets Europe has introduced into its workforce the first nine new pilots to complete its ab initio training program. The pilots joined the company’s flight crew roster in November and December, having graduated from the course run for the fractional ownership provider by Oxford Aviation Training in the UK. A further 38 ab initio pilots are due to graduate this year, followed by 21 more next year.
NetJets Europe has agreed to acquire Egelsbach Airport near Frankfurt, Germany’s financial center, for an undisclosed sum. The deal–subject to final approval by the local municipal authorities that own the airport company, Hessische Flugplatz GmbH Egelsbach (HFG)–is expected to be completed next month. Located 16 miles from downtown Frankfurt, Egelsbach will continue to be available to other business aircraft operators.
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.