Netjets Announces Aircraft Order

[CA1900]

http://www.marketwatch.com/story/ne...-private-aviation-order-in-history-2012-06-11

 

[brokeflyer]

i dont think the future for flex very good. I feel bad for all those pilots.

 

[doylehargraves]

Oh no, we'll be fine, we have Fred.

 

[AftCG182]

http://www.marketwatch.com/story/ne...-private-aviation-order-in-history-2012-06-11

Well, this sheds a little light on the mystery. Good luck everybody...

 

[johnsonrod]

Gutsy move, Maverick.

Add the Globals and the Phenom 300s and you have a big fleet of new airplanes over the next 5-10 years... I guess many of them could be spread out throughout the globe (Netjets US, Europe and maybe China). Surprised that Netjets did not order the new "Longitude" - looks like a Citation X replacement. Or maybe they will order the newer version of the X...

Adios to the Beechjunks and the G2Ugly...

 

[BentOver]

I'm pretty sure Netjets had a large number of deliveries up until 2008 or so... I'd expect them to stay in the fleet until they were atleast 10 yrs. old...maybe

I think the Sovereign, X, G200 and maybe some Falcons were delivered up until the downturn? (there are also some old as dirt X's and Falcons also)

 

[johnnyride24]

Flex is done.
Either you will be half the size or sold.
Lots of good people got screwed again by FR.
I hope it all works out for all of you.

 

[johnsonrod]

This is great news for Netjets pilots - including some of those furloughed pilots not far from recall...

One question - is this part of a fleet simplification strategy? I guess Netjets will evidently operate the following (if existing fleets are replaced): Phenom 300, Citation Latitude, Challenger 300, Challenger 605 and Global Express (two versions of the Global). I suppose the new Citation TEN could also be added. Five-six types would be more efficient than operating the 8-9 types currently operated...

But what will the "fractional" business look like in a few years? It seems to be changing to more of a 135/managed model (i.e., like XOJet and Citation Air). I guess niche players like Avantair (growing fast) and Alpha Flying will be there due to their lower acquisition costs, can we say the same about the fractional Challenger/Gulfstream/Legacy operators? In Europe, operators like VistaJet (worldwide charter operator using Globals and CL605s) appear to be at least maintaining their operations - if not growing in other parts of the world. Will Netjets have to change its model to more of an XOJet model with fewer financial commitments from customers (i.e., must buy a 1/4 or 1/16th share to participate)? Morph to more of a Marquis Card model in the future?

Well, one thing is for certain: if Obama wins another 4 years, and the economy continues to tank with no plans for a turnaround (with higher taxes for your key customers - the top 1%), the fractional business could sputter a lot faster than anyone expects.

 

[XTW]

Congrats to the NJ pilots. The picture is starting to come a bit clearer.


X

 

[doylehargraves]

We've been told that this is good news for Flexjet; therefore, I'm happy.