Starman
Truthsayer
- Joined
- Oct 14, 2002
- Posts
- 211
http://www.glgroup.com/News/Bombard...play-involving-NetJets--Bombardier-52825.html
Here is an interesting part:
"The future of Flexjet?
As for Flexjet, the NetJets order for Globals (and the prospect of a follow-on order from Bombardier a very real likelihood) does not look bode well for their future. It begs the question: what benefit would Bombardier have in sustaining Flexjet if they’re selling aircraft to other fractional providers? The answer is not much. Furthermore, if NetJets, the industry’s largest fractional provider was losing money from operations, it’s a safe bet to assume that Flexjet is not a major contributor to Bombardier Aerospace’s earnings whose current EBIT margin is mired at 5%. Flexjet also never lived up to the promise of migrating fickle fractional customers into traditional aircraft buyers (but to be fair, no fractional ownership provider did, including NetJets). It is therefore well within the realm of possibilities that a potential NetJets mid range aircraft order from Bombardier for L85s and CL300 could have Flexjet as a throw-in."
Here is an interesting part:
"The future of Flexjet?
As for Flexjet, the NetJets order for Globals (and the prospect of a follow-on order from Bombardier a very real likelihood) does not look bode well for their future. It begs the question: what benefit would Bombardier have in sustaining Flexjet if they’re selling aircraft to other fractional providers? The answer is not much. Furthermore, if NetJets, the industry’s largest fractional provider was losing money from operations, it’s a safe bet to assume that Flexjet is not a major contributor to Bombardier Aerospace’s earnings whose current EBIT margin is mired at 5%. Flexjet also never lived up to the promise of migrating fickle fractional customers into traditional aircraft buyers (but to be fair, no fractional ownership provider did, including NetJets). It is therefore well within the realm of possibilities that a potential NetJets mid range aircraft order from Bombardier for L85s and CL300 could have Flexjet as a throw-in."