nja owner tell me this ?

[X man]

Nja

Someone in the heat of battle said "Trust Warren B", wo wait a minute here, thats like taking a job behind the counter of a Major Hotel and telling Russell Crowe to get stuffed isn't it! WHERE IS THE PHONE!

 

[aussiefly]

Another major selling point for NetJets is our ability to recover flights with our own a/c. If one of our planes break, especially east of the Mississippi, there is a very good chance that there is a plane and crew fairly close to recover the trip. I have heard several owners mention this as a very good feature.

Just out of curiousity....what is the pilot count and a/c count for Flex? Those Canadairs are beautiful planes.

BINGO. This is a great reason. I have a friend who holds the marquis jetcard for a corp he works for and this exact same thing happened to him. Plane broke down and netjets had a new aircraft and crew to him in about an hour. Now in my opinion thats pretty awesome.

Also, the netjets pilots are pretty down to earth and willing to talk to their clientele. When I picked james up at the other end they let me have a look inside and ask questions about the aircraft because they knew I was a pilot. Now they really didnt have to do that.

 

[Hogprint]

THey did at one time...

Out of curiosity, how come Bombardier doesn't have the Global Express in the FlexJet program? Seems to me if they wanted to match NJ with options from entry level a/c through mid-sized and inter-continental range, the Global Express would be a logical addition. Yes, the CL604 can cross the pond and beyond, but the Global Express is more in the Gulfstrem category.

Jtrain, they had three a few years ago, but then sold them (I'm pretty sure it was flex and not options). Maybe a Flex bubba can clear it up.

 

[JTrain]

Jtrain, they had three a few years ago, but then sold them (I'm pretty sure it was flex and not options). Maybe a Flex bubba can clear it up.

Thanks - I'd like to know the answer on this subject, if possible, as we attempt to steal this thread back from the neverending NJA vs Flex vs Flops vs CS battles

 

[Club ORD FO]

As far as the global's go, I'm told we had three on order, but we were only able to sell shares on one of them... and maybe not even all the shares on that plane. They wanted to have at least three airplanes sold in order to bring that aircraft online... I guess they figured they can not have a smooth operation with only one airplane. That would create scheduling conflicts and major headaches if the plane breaks. So, they cancelled the orders.

I'm not sure what the difference in cost is, but I guess a lot of owners just go with the 604. The global was a hard sell evidently

Too bad tho... the global is a nice plane

 

[NJAowner]

Here it is

Sorry guys -- I was out of town for a few days and not online.

The overwhelming reason why I never seriously considered Flex when I originally went with NJA was $$$. Until recently, when you purchased a share in your jet from Flex you owned it for 5 years (the term of the management contract). At the end of the 5 years, you sold your share back at its current value and then needed to buy a new share at at the then current prices. In other words, you needed to cough up much more $$$ to fly in the same planes. They admitted to doing this to sell more planes for the parent. With NJA, you continue to own your share and at the end of the 5 year term just pay the new management fee. No need to cough up more $$$.

Example, you put $1,000,000 into a share for 5 years. After 5 years, you sell your share back to Flex for 70% = $700,000. A new share in the same jet is now over $1,200,000. To continue flying the same fleet, you need to come up with another $500,000. This cost Flex many sales. I believe in the past 1-2 years Flex elimiated this and made its strructure more like NJA's.

Reason #2 was what I would call "depth of the fleet". I fly in and out of a small Rocky Mountain airport several times per year. I am friendly with a Flex owner in the area. When there are last minute mechanical problems, it is not uncommon for him to wait 6-8 hours for another plane. Just not enough planes in the neighborhood. My delay is usually 1-2 hours out west, minutes on the East Coast. The ability to get a replacement plane to out of the way locations has been a problem (according to the few owners at the others which I know) for CS, Flex, FLops. It is not a problem along the East and West coasts, but can be in the middle of nowhere.

Fly safe.

 

[hammer2]

Sorry guys -- I was out of town for a few days and not online.

The overwhelming reason why I never deriously considered Flex when I originally went with NJA was $$$. Until recently, when you purchased a share in your jet from Flex you owned it for 5 years (the term of the management contract). At the end of the 5 years, you sold your share back at its current value and then needed to buy a new share at at the then current prices. In other words, you needed to cough up much more $$$ to fly in the same planes. They admitted to doing this to sell more planes for the parent. With NJA, you continue to own your share and at the end of the 5 year term just pay the new management fee. No need to cough up more $$$.

Example, you put $1,000,000 into a share for 5 years. After 5 years, you sell your share back to Flex for 70% = $700,000. A new share in the same jet is now over $1,200,000. To continue flying the same fleet, you need to come up with another $500,000. This cost Flex many sales. I believe in the past 1-2 years Flex elimiated this and made its strructure more like NJA's.

Reason #2 was what I would call "depth of the fleet". I fly in and out of a small Rocky Mountain airport several times per year. I am friendly with a Flex owner in the area. When there are last minute mechanical problems, it is not uncommon for himn to wait 6-8 hours for another plane. Just not enough planes in the neighborhood. My delay is usually 1-2 hours out west, minutes ont he East Coast. The ability to get a replacement plane to out of the way locations has been a problem (according to the few owners at the others which I know) for CS, Flex, FLops. It is not a problem along the East and West coasts, but can be in the middle of no where.Fly safe.

Nja owner thanks for responding. I really hope flex managment reads this. NJA owner I hope we can get your consideration next time around. Thanks for the reply. Guys hope I didn't offend anybody.

 

[acaTerry]

JTRAIN,
Check your PMs.

 

[AirChef]

Yes Club ORD FO, we had three

 

[GVFlyer]

Frac Comparison

The overwhelming reason why I never seriously considered Flex when I originally went with NJA was $$$.

I think you may find that Flex has improved. One of our senior execs wanted a private 1/8th share in a mid-sized cabin aircraft so we helped him run the wickets on his purchase. This is what we found.

Citation Excel / XLS 100 Hours

Netjets: $1,312,500, Monthly Mgmt. $14,524, Occupied Hourly Fee $1,804.

Citation Shares: $1,312,000, Monthly Mgmt. $15,200, Occupied Hourly Fee $1900.

Learjet 45XR 100 Hours

FlexJet: $1,258,000, Monthly Mgmt. $11,320, Occupied Hourly Fee $1,650.

Our guy went with Flex and got a Lear 45XR with a set number of upgrade hours in the Challenger CL300 for less than he could have purchased a Citation XLS from either NetJets or Citation Shares. Another determining factor for him was that the experience level for Flex's Lear 45 pilots was higher than that of NetJets' or Citation Shares' Citation pilots.

GV





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