A “much improved situation is emerging at NetJets,” according to Warren Buffett, chairman of parent company Berkshire Hathaway. In his annual letter to stockholders, published February 28, Buffett said NetJets has “never had a problem growing. But profits had been erratic.”
NetJets has presented its annual trophy for Best Heavy Maintenance Provider during 2006 to Hawker Aircraft Services. It’s the third time the company has won
the annual maintenance honor; it has also previously received NetJets’ Supplier of the Year Award. The Hawker Aircraft Services facility performs heavy maintenance on NetJets’ domestic fleet of 71 Hawker 400XPs and Hawker 800XPs.
Raytheon Aircraft signed a 10-year agreement with NetJets for the maintenance of the fractional-ownership operator’s fleet of Hawker 1000s, Hawker 800XPs and Hawker 400XPs. The contract includes options beyond the initial 10 years. Hawker 1000 and 800XP heavy maintenance will be performed at the Hawker Service Center in Little Rock, Ark. Maintenance for the Hawker 400XP will be done at Raytheon Aircraft Services in Tampa, Fla..
NetJets Europe is recruiting candidates for a new ab initio pilot training program that it hopes could provide its growing fractional ownership fleet with up to 45 new first officers each year. The part-sponsored program will be run by the UK’s Oxford Aviation Training (OAT), with the first 17-month courses due to start in May.
The Middle East Business Aviation (MEBA) conference and exhibition emphatically imposed itself on the international airshow calendar with a strong debut at Dubai’s Airport Expo Center. The event attracted 2,401 visitors, as well as some 90 exhibitors from 20 countries and 31 aircraft. It also generated $907 million in new aircraft orders.
Fractional ownership provider NetJets Europe has launched a dedicated operation for the Scottish market. The new NetJets Scotland service will offer flights from 17 Scottish airports, including the Royal Air Force bases at Lossiemouth, Leuchars (close to the exclusive St. Andrews golf course) and Kinloss. It will also provide access to the country’s mountainous Highlands region, as well as to the Orkney, Shetland and Hebrides Islands.
After nine months of intense bargaining, NetJets’ unionized pilots (represented by the International Brotherhood of Teamsters) and management reached a tentative agreement (TA) on Saturday. The move comes four years after the pilots’ contract became amendable in October 2001.
Cleveland-based fractional provider Flight Options yesterday announced three new buyer-incentive programs. Until December 16, buyers of a 3/32nd share (75 hours of annual usage) in a new Hawker 400XP will get an extra 25 occupied hours per year (a total of 100 hours) with no additional capital outlay. According to Flight Options, this equates to a savings of nearly $200,000.
NetJets Europe (NJE) sold shares in 18 complete aircraft last year, representing an 80-percent increase in sales over 2003. By the end of last year the European fractional ownership program’s fleet consisted of 58 aircraft. That number is set to grow to 91, with 33 deliveries scheduled for this year.
Marquis Jet is now marketing a 25-hour card that gives users access to 12.5 hours in each of two different aircraft types. The new card combines aircraft types with different seating and baggage configurations, amenities and distance capabilities. The company offers two different versions of the new card: a Citation Excel/Hawker 400XP combination and a Citation X/Citation Excel combo.