NetJets Reinstates Europe Fleet, Plots Path for Growth

 - July 28, 2020, 10:47 AM
As the post-Covid outlook for private aviation brightens, NetJets plans to add more than 60 aircraft across the fleet worldwide between now and the end of next year.

With a steady increase in flight activity and a promising outlook for growth in the post-Covid-19 era, NetJets is reinstating most of its fleet in Europe that was previously planned for disposal, as well as all NetJets Europe pilots and cabin crew who were furloughed in April. Further, NetJets plans to add more than 60 additional aircraft across the fleet worldwide between now and the end of next year, the company announced today.

These moves undo “decisions made amid unparalleled economic uncertainty, when it was unclear how long the period of restricted international flying would last and how the pandemic would impact the broader economy,” NetJets said. Since then, it noted, private aviation has fared much better and rebounded faster than the airlines, with flight volumes now within 20 percent of pre-pandemic levels.

"We are confident in the momentum we are seeing and proud of all the work our teams are doing that resulted in our ability to expand our global fleet in this way," said Patrick Gallagher, president of NetJets’s sales, marketing, and service. “There is a strong increase in new owners joining NetJets as more individuals and businesses have come to realize that the ultimate luxury is peace of mind.”