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http://www.dispatch.com/live/content...0.html?sid=101
NetJets sees a bit of blue sky
Chairman expects a profitable year, with stable staffing, perhaps growth through acquisition
Monday, January 18, 2010 2:58 AM
By Marla Matzer Rose
THE COLUMBUS DISPATCH
Eric Albrecht | Dispatch
NetJets' David Sokol
...
NetJets Chairman and CEO David Sokol predicted last week that the Columbus-based company will be profitable this year and that staffing levels will remain stable.
...
Growth in other ways remains somewhat of a possibility for NetJets.
Sokol said he's been approached by a number of smaller competitors interested in selling their businesses to NetJets. He said there's only "one potential deal" that's being worked on, and it could occur in the coming weeks. He said that deal would involve NetJets taking on the customers of the other company.
Other deals would have involved taking on more debt, something that's not in NetJets' plans.
...
"I feel really good about NetJets. I think we're on a really solid foundation," Sokol said. "I'm very happy with Columbus and the fact that we consolidated operations and brought the headquarters here."
The company always has had its operational base in Columbus but had maintained its administrative headquarters in New Jersey until last fall.
A number of smaller competitors have approached NetJets about selling their businesses, he said.
NetJets sees a bit of blue sky
Chairman expects a profitable year, with stable staffing, perhaps growth through acquisition
Monday, January 18, 2010 2:58 AM
By Marla Matzer Rose
THE COLUMBUS DISPATCH
Eric Albrecht | Dispatch
NetJets' David Sokol
...
NetJets Chairman and CEO David Sokol predicted last week that the Columbus-based company will be profitable this year and that staffing levels will remain stable.
...
Growth in other ways remains somewhat of a possibility for NetJets.
Sokol said he's been approached by a number of smaller competitors interested in selling their businesses to NetJets. He said there's only "one potential deal" that's being worked on, and it could occur in the coming weeks. He said that deal would involve NetJets taking on the customers of the other company.
Other deals would have involved taking on more debt, something that's not in NetJets' plans.
...
"I feel really good about NetJets. I think we're on a really solid foundation," Sokol said. "I'm very happy with Columbus and the fact that we consolidated operations and brought the headquarters here."
The company always has had its operational base in Columbus but had maintained its administrative headquarters in New Jersey until last fall.
A number of smaller competitors have approached NetJets about selling their businesses, he said.
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