MEBAA Convention News

NetJets Bringing Its Aircraft Management Services to Middle East

 - December 9, 2014, 9:30 AM

Fractional-ownership group NetJets Europe, which launched its Executive Jet Management Europe division just over a year ago, is now bringing the aircraft management service to the Middle East. “Companies and individuals who own aircraft can put in place their Executive Jet Management solution and gain access to the NetJets mentality and structure,” said Michael Graham, NetJets senior v-p, here at MEBA 2014.

Executive Jet Management, NetJets’ U.S. subsidiary, already manages some 200 business jets, Graham said. As a high-volume purchaser, NetJets can offer aircraft owners savings on crew training, insurance, fuel, handling and other services and charter aircraft when not needed by the owner to help offset operating costs. Additionally, NetJets can arrange supplemental lift, if an owner’s aircraft becomes unavailable because of a maintenance event or for any other needs.

Fractional ownership, however, still remains the keystone of NetJets’ offerings, as evidenced by the Challenger 350 that Bombardier has on static display. Though not outfitted with the company’s Signature Series interior, this is NetJets’ Challenger 350 demonstrator. NetJets is the launch customer for the newly introduced model, which has already joined its U.S. fractional fleet. NetJets Europe will add the first CL350 to its stable in the first quarter of 2015. Graham said it “will be an ideal aircraft for flights within the [ME] region, but I can also see my customers flying Jeddah to Nice, for example.” The company ordered 75 of the aircraft as part of a $9.6 billion fleet upgrade announced in 2012.

NetJets previously had a fractional-ownership franchise agreement in the Middle East with National Air Services of Saudi Arabia (now NasJets), but terminated the arrangement in 2011. Though NetJets has fractional ownership customers in the region, Graham said the company has no current plans to re-establish a physical presence or partner in the region for its fractional program.