Best Positioned Fractional

[ABUSED PILOT]

Can someone confirm a rumor that Flexjet will be executing a hostile takeover of NetJets.

 

[notapilot]

OK. I stand corrected then. You win good night.

 

[Willy21]

Can someone confirm a rumor that Flexjet will be executing a hostile takeover of NetJets.

Yes, Flex is going to execute a hostile takeover of Berkshire Hathaway. :laugh: I hope that is the response you were looking for.

 

[lowspeed]

that would be cool I like the flex guys and culture much more

 

[FraxJockey]

So i've been told. I just flew an owner last week that said his partner finally got into the program after waiting for a XL for about 8 months.

But you could be right, he could be just lying to me.

Last I checked Netjets had more than one type. I am sure there is a long waiting list for the more popular types. The number that everyone is referring to is "net cum sold" this is published by an independent consulting firm. However as the saying goes, "..there are liars, damn liars, and statistics..."

 

[GSXR600]

So i've been told. I just flew an owner last week that said his partner finally got into the program after waiting for a XL for about 8 months.

But you could be right, he could be just lying to me.

Congratulations with the new owner!!...soo... Does that mean NJ has EVERY shares sold? Since there is a waiting list??
Someone explain please czzz I am getting confused!

 

[brokeflyer]

Congratulations with the new owner!!...soo... Does that mean NJ has EVERY shares sold? Since there is a waiting list??
Someone explain please czzz I am getting confused!

Dont get confused. Just telling ya what I heard. As i said, someone could be just lying right to my face. I get a release, a plane, pax and a crew. Thats all i care about.

 

[notapilot]

lol....right. Its running about a year waitlist for new owners right now.

Unless you think we need 400+ per year cause the rest of us are lonely.....hahaha

You are as bad as B19. You are so full of BS it isn't even funny. 3 weeks ago you said there was a 2 year wait list and now it is a 1 year wait list. You must have such little self esteem that you talk nonsense on here just to amuse yourself. Do you really think that the rest of us are not educated about our own business that we don't know when you talk out your az. You are not posting to a bunch of teenage girls you are trying to impress. I think I have a pretty good grasp on the frac model, having been in the frac biz for nearly 5 times longer than your short 3 year stint. You unfortunately give the many good people at NJ a bad name, but there is always the 1%. Have fun in your Concorde and X15 you geek. I am sure you are a ball to fly with, literally.


Join Date: Apr 2005
Posts: 453
Civ/Mil: Alien
A/C Flown: 8 1/2 X 11 folded up piece of paper.
Ratings: ATP - Concorde, X15, Fokker D.VII
Curr Position: NJA
Total Time: 1 mil
Posts: 453


Quote:
Originally Posted by lowspeed
I talked to a Netjets standards capt. in the vineyard and he said that netjets was phaseing out or not saleing beechjets anymore. Is that bad info.

kinda.....all our planes are indisposal to be replaced with something else. The 400xp will be phased out as well, but it may take another 5 years.

Our problem is they can't build planes fast enuff to cover our demand, which is closing on almost a 2 year wait list for new owners.

 

[lowspeed]

It would be great if netjets had that long of a wait, the other fractionals would really start picking up market share. I really doubt eveyone would wait two years, when you have so many other good options.

 

[FastJP4]

It would be great if netjets had that long of a wait, the other fractionals would really start picking up market share. I really doubt eveyone would wait two years, when you have so many other good options.

Have to agree with that - I hardly think someone ready to go with a Frac is going to sit around twiddling their thumbs for two years.

 

[CA1900]

Have to agree with that - I hardly think someone ready to go with a Frac is going to sit around twiddling their thumbs for two years.

They might... or, more likely, they'll test the waters with a MarquisJet card (for something that's available now) while they're waiting!

 

[lowspeed]

do you know how over priced those cards are. If they value their money they would not do that for two years.

 

[RNObased]

do you know how over priced those cards are. If they value their money they would not do that for two years.

No, I don't know. Why don't you tell us just exactly how over priced those cards are.

Compare and contrast lowspeed, real numbers with something to back it up, not just your theories.
We will be waiting.

 

[CA1900]

do you know how over priced those cards are. If they value their money they would not do that for two years.

If our owners and cardholders valued their money over our product, they'd be flying coach. Clearly, they don't see us overpriced.

Expensive? You bet. Overpriced? 722 airframes (and growing) suggest otherwise.

 

[glasspilot]

No, I don't know. Why don't you tell us just exactly how over priced those cards are.

Compare and contrast lowspeed, real numbers with something to back it up, not just your theories.
We will be waiting.

Here's some numbers:

For a NetJet Hawker 400XP the rate is $5,280 per month plus $1,654 per hour. That's $146,060 per year. Divided by the 50 hours you get comes out to $2,920 per flight hour as an owner.

A Marquise card holder on the same plane would be $135,500 for the card and tax plus $1,075 for the fuel surcharge. For a 25 hour card that comes out to $6,495 per hour.

So let's summerize:

Owner = $2,920 per hour
Card holder = $6,495 per hour

Those numbers good enough for you?

I think lowspeeds point was valid.

 

[CA1900]

You're missing the purchase price (and depreciation) of the 400XP share, which is a rather large piece of the puzzle.

Yes, his point was valid -- there is a price premium to be paid for the no-commitment aspect of the card. But it's not as outrageous as he makes it out to be.

 

[Fozzy]

I think there is an initial buy in. That in addition to MMF and Fuel.

 

[glasspilot]

What? Depreciation on a 1/16 share of a Hawker 400XP over 5 years at a stagering 20% is only $100K and it's a write off taken up front.

 

[lowspeed]

how did I make it out to be.... it is almost 2.5 times as much, I think thats pretty high. You guys are so defensive over everything, it is really funny. You would think with all your fancy perks and industry leading contract you would chill out a bit.

 

[Trash8Mofo]

how did I make it out to be.... it is almost 2.5 times as much, I think thats pretty high. You guys are so defensive over everything, it is really funny. You would think with all your fancy perks and industry leading contract you would chill out a bit.

Seriously, $2920/hr or $417/seat/hr(cheaper than 1ST class)??? Does it even make sense to you? I hope he doesn't calculate fuel burn using the same fuzzy math.

we are chilled. its just that glasspilot is trying to argue to cost of owning a plane without factoring in the biggest piece of the cost: The cost of the plane!! The cost of driving your Corrolla is not just gas and oil change, you know.