NetJets Europe

December 15, 2006 - 9:08am

NetJets Europe has offered its pilots more pay and new contracts as it seeks to retain existing flight crew and hire 180 more personnel next year. Annual starting salaries will increase by between 12 and 35 percent, with first officers getting €56,500 ($73,450) and captains being offered €95,000 ($123,500).

December 13, 2006 - 12:22pm

Fractional ownership operator NetJets has increased its flights to Le Bourget airport by 70 percent since the last Paris Air Show in 2003, the U.S.-based company announced here on Monday. NetJets figures show a jump from 1,400 movements over the five first months of 2003 to 2,400 movements over the equivalent period this year.

December 6, 2006 - 11:01am

The French Ministry of Employment has launched an investigation into NetJets Europe flight crews at French airports, after an association of air charter operators alleged the fractional ownership giant is breaking the country’s employment law.

December 6, 2006 - 10:55am

Bloomberg News reported on November 14 that, according to J.P. Morgan Securities analyst Joseph Nadol, fractional provider NetJets might have canceled its order for as many as 100 Gulfstream G150s. “Gulfstream’s backlog of funded orders from NetJets declined by about $600 million during the third quarter, which suggests NetJets canceled its G150 order announced in September 2002,” said Nadol.

December 5, 2006 - 5:02am
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NetJets Europe pilots are preparing to establish trade union representation at the fractional ownership company. According to Teamsters union officials, a group of the European pilots is now evaluating four possible options for union representation and it expects to launch the new organization by year-end.

November 29, 2006 - 9:46am

Europe’s business jet fleet has enjoyed double-digit growth over the past year, according to the latest statistics from UK-based aviation data group Airclaims. Tracking jets registered in 38 European countries, the figures show 1,407 aircraft as of last December 31–a 12-percent increase on the tally of 1,260 at the end of 2004.

November 29, 2006 - 9:42am

IBM Euroflight, the computer giant’s European corporate flight department, is to close down before the end of June due to “insufficient activity.” Its two Dassault Falcon 2000 jets are to be sold and bargaining between management and the unions as to the future of the operation’s 20 permanent employees–including seven pilots and seven maintenance technicians–at its Paris Le Bourget Airport base is at an advanced stage.

November 29, 2006 - 5:35am

NetJets Europe’s plan to take delivery of 30 new aircraft this year requires the addition of 130 to 140 pilots, said William Kelly, who just last month took over as CEO of NetJets Transportes Aereos (NTA), the operating arm of NetJets Europe. An accountant and lawyer, Kelly joined NetJets Europe in 2002 and worked as its CFO for the last three-and-a-half years.

November 28, 2006 - 11:12am

As the debate within EBAA has raged over the past 12 months, opponents of the IWG-BAO’s recommendations for a European version of the Part 91K rules for fractional ownership have complained that the increased flexibility that these allow would give an unfair competitive advantage.

November 28, 2006 - 8:55am

Raytheon Aircraft (Booth No. 1044) is considering plans for a new jet to fill the light- to mid-sized gap in its Hawker family. The new model would fit between the 400XP and 800XP aircraft and would compete with Cessna’s Citation XLS and Bombardier’s Learjet 45XR.

 
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