Goldman

[rajflyboy]

Do you think they will ever get into the business and buy one of the fractionals?

 

[landlover]

goldman sachs? didn't uncle warren give them 5 billion for a slice of the pie in 2008?

 

[gret]

They owned NetJets and convinced Warren to take it off their hands. Why would they go back? They've had enough fun with private aviation and are smart enough to never go back.

 

[LRplt]

I believe they own First Aviation in TEB.

 

[miles otoole]

They owned NetJets and convinced Warren to take it off their hands. Why would they go back? They've had enough fun with private aviation and are smart enough to never go back.

wrong//////////

 

[realityman]

They owned NetJets and convinced Warren to take it off their hands. Why would they go back? They've had enough fun with private aviation and are smart enough to never go back.

Uh, no. Not even close.

Next contestant please!

 

[gret]

Santulli has sold a minority shareholding in EJA - "more than 10%, but less than 49%" - to investment bank Goldman, Sachs to finance expansion plans. Goldman, Sachs will have a passive role, leaving Santulli still in control of the company, which he founded in 1987, but he will use its international presence to help EJA expand, he says.

DATE 4/10/95
SOURCE:Flight International

http://www.flightglobal.com/articles/1995/10/04/24039/eja-expands-netjets-with-european-move.html

 

[ProFracPilot]

Perhaps GS buys one of the fractional providers so that they have a pipeline to sell their Hawker Beechcraft products. :laugh:

 

[miles otoole]

They owned NetJets and convinced Warren to take it off their hands. Why would they go back? They've had enough fun with private aviation and are smart enough to never go back.

And yet they own HBC. Hmmmmmmm........

 

[rajflyboy]

I believe they own First Aviation in TEB.

They do

 

[FLYLOW22]

I believe they own First Aviation in TEB.

Santulli, Jacobs and Goldman I believe.

 

[rajflyboy]

Santulli, Jacobs and Goldman I believe.

The word at first is that Goldman owns it.

Not sure the truth.

 

[gunfyter]

Hmmm ... makes sense. They would be able to keep tabs on all their customers ... leaving and returning to NYC.

 

[rajflyboy]

I think Goldman will buy in at some point. The question is what will they do when they buy in? Will anything change?

 

[gunfyter]

I think Goldman will buy in at some point. The question is what will they do when they buy in? Will anything change?

Santulli will be back.

 

[mtnrunner]

Hansell can handle Santulli... Right?

Santulli will be back.

Goldman, Santulli, and Jacobs... Not to mention a few other large institutions with mutual underlying strategic interests. But not in the way people may think. An 800 airplane operation where less than 250 of those planes provide solid positive margins isn't the way of the future. NetJets could have dominated for a long time to come, had DLS and team not screwed the pooch. They divided to product offering, therefore they divided the market. Long-term they have created competition where there was little to none.

Sadly, thanks to DLS, his team, and a poorly constructed and implemented plan very few have strategic interests aligned with NetJets anymore; maybe, and I stress maybe, the Brazilians and Canadians.

NetJets WAS an industry-wide solution offering many aircraft options. The industry will find or develop the solutions it needs. In about a year Santulli's rumored noncompete will expire, then who knows what? But what is known is that many of the heavy hitters are brainstorming and talking and that's not good for NetJets. Anyone think GD and Gulfstream are going to sit on the sidelines while listening to Buffett and Dichter pump Globals on CNBC? By the way, what are NetJets customers flying today? Not Globals. As an example, CitationAir is doing quite well.

Today Goldman owns 100% of First and roughly half of HBC (where Boisture is ceo). The Goldman exec that invested in NetJets early on and wanted to buy it oversees both First and HBC.

I would feel better about NetJets future if management would focus on the future, rather than "honking" blogs.

But this is all just one person's opinion in a cruel and uncertain world.

 

[BentOver]

Santulli will be back.

we can only hope so and not soon enough!

 

[Outta Here]

Santuilli and Jacobs sold their share in First 9 or so months ago coincidentally when Milestone was announced...

 

[platinum750]

I dont understand why some people want Santulli back. All he did was spend someone else's money and never earn a return. That is easy to do. Let's get someone that can make a profit, a real one.

 

[rajflyboy]

I dont understand why some people want Santulli back. All he did was spend someone else's money and never earn a return. That is easy to do. Let's get someone that can make a profit, a real one.

ha ha ha ha ha

dumb dumb dumb you are