NetJets ends Middle East Operation

batsky2000

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NetJets, NAS Dissolve Middle East Frax Partnership
NetJets terminated its franchise agreement for Middle East fractional aircraft services with National Air Services (NAS) of Saudi Arabia this
NAS_Gulfstream%20G450_sm.jpg
week. NAS CEO Sulaiman Al-Hamdan conveyed the news to NAS employees in an email on Monday, while promising that the company’s business would continue as is. In November 2009, NetJets renewed its joint-venture agreement with NAS for a further three years. It’s unclear why the relationship was severed before the contract ended. “The 11-year-long franchise agreement with NAS in Saudi Arabia, known as NetJets Middle East, has been a great way for NetJets to understand and venture into the Middle East market,” a NetJets Europe spokesperson told AIN. “NetJets has decided to end its franchise agreement with NAS. In the meantime, NetJets will provide alternative solutions to our owners who need to fly in this region.” The National Air Service fractional operation, which goes under the name NasJets, currently flies Gulfstream IV-SPs and G450s; Dassault Falcon 2000s and 2000LXs; and Hawker Beechcraft Hawker 750s and 800XPs. To comply with Saudi law, Jeddah-based NAS owns and operates the fractional fleet. The company employs some 75 pilots and 36 flight attendants. Besides fractional flying, NasJets also provides charter flights and aircraft brokerage services.
 

jtf

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They were not living up to the NetJets name so they were dropped to avoid harming the brand. BK was informed about their poor choices and decided to pull the plug or at least the name.
 

BentOver

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:laugh:

Truer words have never been spoken.. Can't wait for the day that Hansell, et all, decide to pursue other interests
 

G4dude

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NetJets, NAS Dissolve Middle East Frax Partnership
NetJets terminated its franchise agreement for Middle East fractional aircraft services with National Air Services (NAS) of Saudi Arabia this
NAS_Gulfstream%20G450_sm.jpg
week. NAS CEO Sulaiman Al-Hamdan conveyed the news to NAS employees in an email on Monday, while promising that the company’s business would continue as is. In November 2009, NetJets renewed its joint-venture agreement with NAS for a further three years. It’s unclear why the relationship was severed before the contract ended. “The 11-year-long franchise agreement with NAS in Saudi Arabia, known as NetJets Middle East, has been a great way for NetJets to understand and venture into the Middle East market,” a NetJets Europe spokesperson told AIN. “NetJets has decided to end its franchise agreement with NAS. In the meantime, NetJets will provide alternative solutions to our owners who need to fly in this region.” The National Air Service fractional operation, which goes under the name NasJets, currently flies Gulfstream IV-SPs and G450s; Dassault Falcon 2000s and 2000LXs; and Hawker Beechcraft Hawker 750s and 800XPs. To comply with Saudi law, Jeddah-based NAS owns and operates the fractional fleet. The company employs some 75 pilots and 36 flight attendants. Besides fractional flying, NasJets also provides charter flights and aircraft brokerage services.

Wow! I hadn't even heard a faint rumor!
 

jtf

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That is because you don't go on the union message board. I understand you don't wish to argue there and you don't agree with much of what is said, but there is a lot of info there that isn't about one side verses the other. I suggest trolling through the thread names occasionally to see if anything interesting has popped up. There was a very interesting letter sent to NJASAP by pilots that was posted there and the union forwarded it to Berkshire management. Dropping NJME was the result. It is probably still there if you are interested in reading it.
 

BentOver

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JTF,

why bother with trying to get Shane, I mean G4, over there.. He'll just blame the dropping of NJME on the Union, and how the letter was nothing more than Union prpoganda..and how the Union is hurting NJA's ability to profit over in the M.E.
 
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