XOJet cutting back CL300 order

[LarryinTN]

The media has reported on 19 of our last 2 recessions.

 

[Publishers]

The other night, we went out to eat at The Original Steak House in South Florida. It had closed. I just got a tax information sheet that says a condo we own dropped $50k in value in 12 months. The mall here other than a holiday weekend resembles Death Valley during a heat spell.
The economy is great.

 

[gunfyter]

Malls are packed in San Antonio. Home values are UP! Again! I try not to go out to eat in the evenings because its hard to find a parking spot and when you do the wait to get a seat in restaurants is too long for me.

First year teachers salaries are going up 20% this year. They are building giant size first class new High Schools.

Yiiiihaaaagghhh

 

[learflyer]

The other night, we went out to eat at The Original Steak House in South Florida. It had closed. I just got a tax information sheet that says a condo we own dropped $50k in value in 12 months. The mall here other than a holiday weekend resembles Death Valley during a heat spell.
The economy is great.

The real estate market doesn't suck because of a bad economy, its because of the sub-prime lending.

 

[GSXR600]

There has been no announcement of any kind regarding 300 cancellations. We're still on track for 3 deliveries this year.

Wasn't it 30 or so the order?? how come only 3?

I know bombardier is soo behind on this A/C order, they can't building them fast enough to the customers, but I thought you guys were getting at least a bigger part of the pie!

 

[clydefastly]

3 for this year (2008). More next year.

 

[flyzimex]

Malls are packed in San Antonio. Home values are UP! Again! I try not to go out to eat in the evenings because its hard to find a parking spot and when you do the wait to get a seat in restaurants is too long for me.

First year teachers salaries are going up 20% this year. They are building giant size first class new High Schools.

Yiiiihaaaagghhh

Texas overall is doing very well compared to the rest of the country. There was a list published on CNBC.com not long ago that was comparing the economy of every state. Texas came out on top. We haven't had the crazy rise in real estate like the hardest hit states and thus not the fall either.

Dallas alone is said to create 20% of all of the nations new jobs. If that's actually the case it's quite impressive. It's cheaper for companies to be based in a Texan city, and companies don't have to pay as high salaries to their employes due to the low cost of living.

$300 000 gets you quite a nice house (at least in Dallas), but check what it gets you in the North East, California and other expensive areas where prices have rocketed over the last few years.

FZ

 

[Partyfoul]

Hey Captain Dad,

You obviously have not worked for Netjets that long if you still believe anything OS says or one of our sales reps.

 

[FLYLOW22]

Yes, and old news. Every fractional is deferring aircraft deliveries due to significantly reduced owner demand. Yes, even netjet.
As GHW Bush said, "It's the economy, stupid."

NetJets has not slowed. We have maintained the delivery schedule.

 

[t-bone]

NetJets has not slowed. We have maintained the delivery schedule.

Is there any correlation with your delivery schedule and the guy in the other thread complaining about too much standby and multiple airplanes sitting around? Are your EJM managed airplanes getting as much sell-off flying as they used to?

 

[RNObased]

Is there any correlation with your delivery schedule and the guy in the other thread complaining about too much standby and multiple airplanes sitting around? Are your EJM managed airplanes getting as much sell-off flying as they used to?

Possibly a correlation, in so much as we have more plane and more crews and this is the slow time of the year. I haven't seen a summer this slow ever, but that just may be the timing of my tours. One tour this July I got pounded and another I did nothing, so it is just a guess.

As far as EJM is involved, I have no idea. I saw one of the EJM 680s on the ramp at MCK for 3 days running a couple of tours ago, with no sign of a crew, but that doesn't mean anything.

 

[Willy21]

I think how much you sit and how much you work is just luck. This summer I have flown more than any period of time that I have been at NetJets. The last few tours have been around 20-30+ hours and 3+ leg days. Every tour I have flown on day one and seven. I can't get a crew swap or an airplane to break.

 

[captain dad]

Hey Captain Dad,

You obviously have not worked for Netjets that long if you still believe anything OS says or one of our sales reps.

Like I said, just passing along what I was told.

 

[cherry20's]

Man, you guys can hijack a thread like crazy. Who said XO was cutting back deliveries?

 

[jonjuan]

NetJets has not slowed. We have maintained the delivery schedule.

NJA is deferring some new aircraft deliveries. They are not maintaining the "delivery schedule" of which you speak. If you believe otherwise, you are drinking the grape Flavoraid.

 

[realityman]

NJA is deferring some new aircraft deliveries. They are not maintaining the "delivery schedule" of which you speak. If you believe otherwise, you are drinking the grape Flavoraid.

What's your source? You work for NJA in what capacity?

CaptainDad's sources may not be entirely reliable, but they are from inside the company. So where does your info come from?

 

[RNObased]

What's your source? You work for NJA in what capacity?

CaptainDad's sources may not be entirely reliable, but they are from inside the company. So where does your info come from?

RM,
Do yourself a big favor and never listen to JonJuan when he says something about the fractional buiness. He is uninformed, uneducated and spreads bad info, but other then that he says nothing of worth.

 

[RNObased]

NJA is deferring some new aircraft deliveries. They are not maintaining the "delivery schedule" of which you speak. If you believe otherwise, you are drinking the grape Flavoraid.

Sources, quote sources. Everytime you have ever said anything about the fractional business on this web site it is most of the time wrong.

I made a call to the CP of my fleet this morning, he has no reason to lie. All planes in my fleet that are scheduled for delivery are coming, would take delivery slots if someone dropped out. He is not aware of putting off any deliveries at all. Except the Hawker 4000, which is a joke anyway.

BTW, I don't drink the company Kool-Aid and I at least quote my sources, you just make blanket statements that are wrong. But that has been your style since I actually paid attention to your posts, which was my fault.

 

[cherry20's]

So who said XO wasn't taking deliveries of CL300's???

 

[Go Fly]

Some numbers from NetJets recurrent ...

NJA is deferring some new aircraft deliveries. They are not maintaining the "delivery schedule" of which you speak. If you believe otherwise, you are drinking the grape Flavoraid.

I hate hijacking threads ecspecially with NetJets info. I work for NetJets and get tired of reading about them on here.

But I just can't help it this time since JonJuan seems to be making stuff up ...

According to the President of the company we are on track to NET, yes NET, 52 aircraft this year. Hiring looks like they'll get about 300 new hires.

He also said flying for all practical purposes is level with last year due to an increase in sales of the card and new owners. He showed us the numbers to back this up.

Someone in his office (sorry, can't remember his name or title) said we'd like to hire 450 next year but they don't know if it's possible.

A minimum of 24 captain slots were just posted for bidding. In August, there were 28 captain awards. In July there were 26 captain awards. A little less than 50% of those are actual upgrades, the rest is PICs changing airplanes.

Don't know where JonJuan gets his info but things seem to be business as usual at NetJets.

 

[FLYLOW22]

Is there any correlation with your delivery schedule and the guy in the other thread complaining about too much standby and multiple airplanes sitting around? Are your EJM managed airplanes getting as much sell-off flying as they used to?

No idea about EJM. Some fleets are sitting more than others. Most seem quite busy.

The plan is like surfing. We are in between waves right now and getting organized. The break is nice though. Sales are up, flying is down a bit but that is actually a good combo to make money in the fractional business.

Times are good. "We get paid to be available, not to fly." A wise man said that once. He had many in his Cast.

 

[Flex-ible]

There has been no announcement of any kind regarding 300 cancellations. We're still on track for 3 deliveries this year.

flyzimex said it was 17 - you say it's three. That's a really big difference!!!!!

 

[cherry20's]

flyzimex said it was 17 - you say it's three. That's a really big difference!!!!!

3 this year, 17 next year, 20 the following year...

 

[t-bone]

So how many are expected to be delivered in 2009? Last I heard was around 17, was that before the cut back?

Do you mean where he said 17, in 2009? If you're looking for 2008 deliveries, that too has been answered correctly already.

 

[clydefastly]

I cancelled my netflix request for the movie 300.
Does that count?
JK
But seriously, when is Flops supposed to start getting the phenom 300?

 

[Options_SLAVE]

Late 2009.

 

[clydefastly]

Late 2009.

How many are you getting next year? Are the old BE 400's going away with the phenom coming in, or is flops going to get more pilots?

 

[linder]

No idea about EJM. Some fleets are sitting more than others. Most seem quite busy.

The plan is like surfing. We are in between waves right now and getting organized. The break is nice though. Sales are up, flying is down a bit but that is actually a good combo to make money in the fractional business.

Times are good. "We get paid to be available, not to fly." A wise man said that once. He had many in his Cast.

According to a known reliable source on another board, the professional one, EJM issued a mid-year report stating their charter business was up 6% over the same period last year.

 

[flyzimex]

Are most of the guys on the X going over to the 300 or are some of them staying put? I was told by someone who is in contact with the pilot recruiter, and according to him XO will take a few DEC on the 300 but the FO's will be taken from the X and being replaced by newhires.

I understand that the pilots are happy getting a new type, especially the 300, but out of the company's standpoint they will then lose lots of experience on the X plus the cost of retraining.

Any truth in this information?

Thanks,

FZ

 

[X-rated]

Are most of the guys on the X going over to the 300 or are some of them staying put? I was told by someone who is in contact with the pilot recruiter, and according to him XO will take a few DEC on the 300 but the FO's will be taken from the X and being replaced by newhires.

I understand that the pilots are happy getting a new type, especially the 300, but out of the company's standpoint they will then lose lots of experience on the X plus the cost of retraining.

Any truth in this information?

Thanks,

FZ

I doubt you will see very many X copilots go over to the 300. The company would like to see pilots stay in an airplane for at least two years before getting another type rating. However, I'm sure there will be a few exceptions.

Some CE750 captains will choose to make the switch, and some wont. Many of those staying in the X are waiting to see if something else comes along.

If I were a prospective new hire today, I would be hoping for the X. I think the upgrade time will be quicker in the short term because of all the captains transitioning from the X to the 300. That should turn around after a year or two due to the delivery schedule.

Oh, despite the title of this thread, we have not canceled or delayed any 300 deliveries. In fact, many of the options have already been converted to firm orders.