Let the rumours FLY ....

[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.