Another BIG Global Express Deal for Netjets/Netjets Europe Competitor

[Heavy Set]

Just saw this bit of news - it is a huge order if it comes to fruition. Probably won't completely given its size. I realize VistaJet is not a fractional, but the competition could impact the jetcard business at Netjets/NJE and potentially Flexjet (still flies to Europe I believe in the Challengers). VistaJet is trying to compete on the high-end of charter/jet card business in places that Netjets/Netjets Europe wants to compete - especially Russia and China.

Ordering the same types of planes as Netjets (Globals) might make it more difficult to differentiate products - pricing then becomes an issue. When you can't differentiate the product, price becomes the focus. Too bad Netjets didn't order the G650 to futher differentiate itself in the jetcard market as the fractional market contracts. :crying:

I actually spoke with one of VistaJet's Global crews a few weeks back at TEB. Very nice guys from Austria and the UK. They claimed pay was crap but they enjoyed the flying... Sounds like big competition for Netjets and other worldwide players if VistaJet can implement their plans (difficult to do).

Article:



VistaJet makes history with largest Bombardier business jet order for up to 142 Global jets - 11 hours ago
Source: [/URL]

Swiss luxury business aircraft operator [URL="http://www.vistajet.com/"][COLOR=#0066cc]VistaJet[/COLOR][/URL] has placed the largest [URL="http://www.flightglobal.com/landingpage/Bombardier.html"][COLOR=#0066cc]Bombardier[/COLOR][/URL] business jet order in history with a deal to acquire up to [B][U]142 Global twin jets.[/U][/B] [B]The $7.8 billion deal includes firm orders for 25 Global 5000s, 25 Global 6000s and six Global 8000s - currently in development - as well options for 40 Global 5000s, 40 Global 6000s and six Global 8000s. Deliveries are set to begin in 2014.[/B]

"By any standard, this is an historic order for Bombardier," says Steve Ridolfi, president, Bombardier Business Aircraft. "It goes without saying that we are thrilled VistaJet has again chosen to grow their fleet with the industry-leading Global family," Ridolfi adds.

For VistaJet, the order signifies a key part of its expansion plans and ambitions to make [URL="http://www.flightglobal.com/landingpage/Business%20Aviation.html"][COLOR=#0066cc]business aviation[/COLOR][/URL] more accessible to the emerging markets. Thomas Flohr, founder and chairman, VistaJet explains: "This order is the most significant milestone for VistaJet and is a testimony to our successful strategy that focuses on global coverage. Our customers need to fly point-to-point across the globe, and in many instances at short notice. Whether it's a direct flight from Los Angeles to Shanghai, from London to Luanda or from Kinshasa to Ulan Bator, we are seamlessly connecting our customers to every corner of the world."

 

[johnsonrod]

With all of the failing airlines in Europe they will have no problem finding capable pilots. Those are some NICE airplanes!

 

[jonjuan]

Yet another with shiny jet syndrome. Johnson will fly anything for peanuts as long as it's "cool looking." uke:

 

[johnsonrod]

Yet another with shiny jet syndrome. Johnson will fly anything for peanuts as long as it's "cool looking." uke:

You're right JJ. Coming from a guy who probably flew a freighter Falcon for peanuts. :laugh:

 

[jonjuan]

There's the generals 'lil buddy.....

 

[CALRepublic]

Vista Jet orders 50 Global Express, they're an European company but most of those Globals are destined for the Mid East and Asia. Few of those birds are for their European division

Read an article of aviation-international news, Their CEO has been talking about China and the Middle East for a while

 

[cldsfr79]

Honestly, the biggest threat to the fractional industry are these highly funded charter companies. Just like XO now, these places have tons of cash from investors and they can make huge orders like NJ and get discounted prices. Then they turn around and charter their jets out at huge discounts over what you would pay for hourly card service at a fractional. The client gets to fly in a shiny new plane, at a discount price, and doesn't have to worry about depreciation of an asset. And since the organization has so many planes they can even compete with large fractionals with quick availability and recovery time.

 

[brokeflyer]

Honestly, the biggest threat to the fractional industry are these highly funded charter companies. Just like XO now, these places have tons of cash from investors and they can make huge orders like NJ and get discounted prices. Then they turn around and charter their jets out at huge discounts over what you would pay for hourly card service at a fractional. The client gets to fly in a shiny new plane, at a discount price, and doesn't have to worry about depreciation of an asset. And since the organization has so many planes they can even compete with large fractionals with quick availability and recovery time.

thats very possible. But they dont offer the same exceptional service by netjet superior pilots.

Most wealthy people care for their safety and will pay accordingly.

 

[X-rated]

thats very possible. But they dont offer the same exceptional service by netjet superior pilots.

Most wealthy people care for their safety and will pay accordingly.

LMFAO!!! You should be CEO! Just keep telling yourself how good you are and everything will work out fine. Has your head always been up and locked, or is that just part of senility?

 

[johnsonrod]

Hey X-Rated,

I think you mentioned previously that you operate out of the Middle East. Do you see much of VistaJet and their Globals there? Are they becoming more of a presence?