Let the rumours FLY ....

[993_Pilot]

Somebody please tell me Mr. Sokol hasn't been going down to Cabo a lot recently, like our CEO has.

 

[gret]

"Some of the numbers are wrong in the above email (I was runnning 2 sets of calcuations and mixed them up), but the concept still holds. Sorry for any confusion."

NJAowner..please try and do better next time as you had us all confused and most of us missed our dinner trying to figure what you meant. Obviously joking...the figures for aviation make no sense from a business standpoint. Too many people in the business because they like things that fly and the pricing does not match up with the costs. If it did, the industry would be 25-50% smaller.

 

[LAZYB]

NJAOwner,

I always value your opinion and you make some interesting points but I also don't see Marquis as a "competitor." My money, if a deal happens at all, is on Options.

I think so too.

Musical chairs...

 

[General Lee]

This thread really doesn't have significance until General Lee gives his opinion.

I sure hope you guys have SCOPE in that fffffantastic contract of yours. Sure, maybe Netjets can buy someone like Avantair, and then use them more while they dump small citations and beechjets on your side. Yeah, that would be great! Good luck with that. Maybe then those Avantair guys can eat at Rudy's at TEB during every turn there. That would be worth it for them---those Salmon Sandwiches are tasty apparently.


Bye Bye--General Lee

 

[ArtVandalay]

Funny you all assume it will be an aviation based company.

 

[LAZYB]

Funny you all assume it will be an aviation based company.

only because we read the article :smash:

Do you think it has a tie-in with Playboy or sumthin...

 

[notapilot]

Art might be onto something. Maybe Sokol heard about those delicious salmon sandwiches and decided to buy out Rudy's. That would make more sense because I hear they are so yummy.

 

[Mike Jenvey]

To me, it would make some sense to focus on buying up a FBO chain.

If you look at savings made so far by NJA/NJI in crew, aircraft, fuel, HQ move, office personnel, etc, then one of the largest remaining "fixed" costs must relate to FBO charges.

There again, KTEB isn't up for sale.......???

 

[RNObased]

Maybe NJ brings Marquis in house. No change to the Marquis customers, no new aircraft, NJ already handles owners services and everything but marketing (and NJ salesmen already represent Marquis as well) and NJ can handle the card business.

Plus, my guess is Marquis has an issue with a mismatch of owning shares and having a multiyear commitment but only selling cards in 1 year (or less) pieces. Generally, it would be called a mismatch of maturities between your assets and liabilities. if this is true, NJ can buy Marquis on the cheap since Marquis would already have a huge liability to NJ.

Wow, 3 pages before someone got it right. There is a reason that NJA owner sits in the back of the plane.

I'm guessing this will happen for pennies on the dollar.

There is other reasons this makes sense but I won't go onto that here.

 

[RNObased]

Why can Marquis be bought for "very little"? If my sources are right, they make money, a lot of it as their overhead has been minimal, unless they have gone nuts and bought a lot of shares. If they bought shares, then they would have a lot of debt.

.

Dude, you honestly need new sources. How do you think the card program works?? They do buy shares, they have a lot of overhead. They aren't making piles of money like you think they are.

 

[gunfyter]

Wow, 3 pages before someone got it right. There is a reason that NJA owner sits in the back of the plane.

I'm guessing this will happen for pennies on the dollar.

There is other reasons this makes sense but I won't go onto that here.

But how is this an expansion? We will fly the same people... not more?

 

[jonjuan]

Wow, 3 pages before someone got it right. There is a reason that NJA owner sits in the back of the plane.

here.

Whoops-see post 26....You're a little slow...

 

[jonjuan]

But how is this an expansion? We will fly the same people... not more?

It's not. He misspoke or was misquoted.

 

[brokeflyer]

I sure hope you guys have SCOPE in that fffffantastic contract of yours. Sure, maybe Netjets can buy someone like Avantair, and then use them more while they dump small citations and beechjets on your side. Yeah, that would be great! Good luck with that. Maybe then those Avantair guys can eat at Rudy's at TEB during every turn there. That would be worth it for them---those Salmon Sandwiches are tasty apparently.


Bye Bye--General Lee

You're an idiot and embarrassment to the other delta pilots. Maybe you shouldn't post anymore, it just makes you look ignorant.

 

[RNObased]

Whoops-see post 26....You're a little slow...

Nope not a little slow JJ. I tend to ignore anything you write and writing something in code like you did on post 26 isn't even worth reading.

Writing "gimme an EM" means nothing to me, now it might mean something to the people who live on your planet.

 

[RNObased]

But how is this an expansion? We will fly the same people... not more?

I'm not saying it is an expansion. This is the only thing that makes any sense. Why would we aquire another fractional?? Why add more planes, pilots, debt or personnal when they just trimmed all the above or are trying to trim them in the case of airplanes?

 

[General Lee]

You're an idiot and embarrassment to the other delta pilots. Maybe you shouldn't post anymore, it just makes you look ignorant.

Thanks Oscar the Grouch....Isn't Maury Povich on, or can't you go back to the golf course? Really, being retired doesn't suit you. Time for you to retire from this board, too.


Bye Bye--General Lee

 

[brokeflyer]

Thanks Oscar the Grouch....Isn't Maury Povich on, or can't you go back to the golf course? Really, being retired doesn't suit you. Time for you to retire from this board, too.


Bye Bye--General Lee

um no, i find it funny to watch you get all excited and make yourself look like a fool commenting on something you know nothing about.

When I can laugh this hard on the course, then ill go there.

 

[Dooker]

I heard Netjets was looking to buy Haiti.

 

[cjdriver]

Heard second hand that Options would be recalling soon. Got it from someone that talked to an Options pilot. Anyone else hear this?

 

[BoilerUP]

To me, it would make some sense to focus on buying up a FBO chain.

If you look at savings made so far by NJA/NJI in crew, aircraft, fuel, HQ move, office personnel, etc, then one of the largest remaining "fixed" costs must relate to FBO charges.

NetJets pays a mere fraction of what a Part 91 operator flying an identical type aircraft pays to the average FBO, for fuel or other services or just "fees".

 

[William Holiday]

Heard second hand that Options would be recalling soon. Got it from someone that talked to an Options pilot. Anyone else hear this?

Ahhh the rumours, cant imagine it unless a contract is on the table. It would be nice if it were true.

 

[T-1GUY]

I heard it first hand for two FO pilots that the "hostages"are back...

 

[jetwash]

Yes two were brought back this week.

One union supporter and one non supporter that the union fought to get his job back as well. Maybe he will now decide to join the union and pay his dues.

 

[ProFracPilot]

.....

 

[dash_trash]

... one non supporter that the union fought to get his job back as well. Maybe he will now decide to join the union and pay his dues.

Unlikely.:angryfire Keep up the good fight. :beer:

 

[X-rated]

Some of the numbers are wrong in the above email (I was runnning 2 sets of calcuations and mixed them up), but the concept still holds. Sorry for any confusion.

Sorry NJAowner, I have to disagree with you twice in the same week. While I think you make a good point as to why a Marquis acquisition might make sense, Sokol stated the deal they are looking at involves "taking on the customers of the other company." Since Netjets already does all the Marquis flying, they wouldn't be taking on any new customers, and the net change in revenue hours flown would be zero. I think the goal is to increase utilization and buying Marquis does nothing for them in that regard.

 

[RJ Bum]

+1. Although I think they need to eventually cut out the middle man with Marquis. NJA has a lot of airplanes that need to be filled. In a market that won’t allow the sell off of excess airframes, filling them is the only option.

 

[glasspilot]

Sorry NJAowner, I have to disagree with you twice in the same week. While I think you make a good point as to why a Marquis acquisition might make sense, Sokol stated the deal they are looking at involves "taking on the customers of the other company." Since Netjets already does all the Marquis flying, they wouldn't be taking on any new customers, and the net change in revenue hours flown would be zero. I think the goal is to increase utilization and buying Marquis does nothing for them in that regard.

Hate to split hairs, but technically, taking the customers of Marquis (a separate company) would be "taking on the customers of the other company", as you said.

It might not be taking the customers of a competitor, but another company? ...that does fit.

 

[gret]

Why is this thread continuing?

This interview was garbage.