XOJet cutting back CL300 order

[RedBehren]

I heard that XOJet is selling off some 300 orders and cancelling options due to their lack of demand. Anyone know if theres any truth to this?

 

[jonjuan]

Yes, and old news. Every fractional is deferring aircraft deliveries due to significantly reduced owner demand. Yes, even netjet.
As GHW Bush said, "It's the economy, stupid."

 

[flyzimex]

So how many are expected to be delivered in 2009? Last I heard was around 17, was that before the cut back?

 

[Whale Rider]

I heard that XOJet is selling off some 300 orders and cancelling options due to their lack of demand. Anyone know if theres any truth to this?

Where did you hear this? Please don't say "A Reliable Source." That horse has been beaten to death.

 

[ozpilot]

As GHW Bush said, "It's the economy, stupid."

Must have been talking to himself.

 

[marqmarq]

Correction

To correct the record, Bill Clinton said: "It's the economy, stupid" in his campaign vs. GHB.

 

[captain dad]

...Yes, even netjet.
As GHW Bush said, "It's the economy, stupid."

Not true. We can't get planes fast enough to cover. People on the waiting list have had to buy Marquis cards until their planes are delivered.

I know this because I just flew a marquis / owner waiting for this Gulfstream to be delivered early next year.

 

[jonjuan]

Not true. We can't get planes fast enough to cover. People on the waiting list have had to buy Marquis cards until their planes are delivered.

I know this because I just flew a marquis / owner waiting for this Gulfstream to be delivered early next year.

Yes, true. So, he's waiting for his Gulfstream-big deal. Multiple aircraft deliveries at nja (and elsewhere) are being deferred this year-fact-they just forgot to tell njasap. They simply push owner deliveries back to match sales. nja has only taken delivery of 20 aircraft this year to date when they originally planned on 45 to date. It's simple supply and demand. The backlog is simply managed by the provider. Look at hiring/upgrades and sim slots-they are a slowing.

 

[Whale Rider]

:laugh: :laugh: :laugh: :crying:

 

[CL300Pilot]

I just want to know where you got your avatar.

Yes, true. So, he's waiting for his Gulfstream-big deal. Multiple aircraft deliveries at nja (and elsewhere) are being deferred this year-fact-they just forgot to tell njasap. They simply push owner deliveries back to match sales. nja has only taken delivery of 20 aircraft this year to date when they originally planned on 45 to date. It's simple supply and demand. The backlog is simply managed by the provider. Look at hiring/upgrades and sim slots-they are a slowing.

 

[flyipilot]

We flew a demo flight last tour for a guy who is going from the "Card" to an actual owner. I am in the ten and he ended up buying in the next day. So, we are still getting the business. We are not like XO Jet. They are all charter. Do no fractional. So, a total different business. I would expect nothing less than a slow down in chaters since they have been down over 35% this year from last.

 

[EdAtTheAirport]

The Economy is Great

"It's the economy, stupid"

What gets me about people who talk about the economy is usually people don't know what they're talking about (myself included, so don't throw a tantrum).

I went to Fry's last night (large retail electronics chain, for those of you in Tucumcari). The parking lot was full!

For anybody looking for something to do, go to the mall, and tell me what you see. I bet your malls and restaurants are full, too. Conclusion: The economy is doing wonderful; this is nothing more than election year brainwashing.

Now, the price of gas is high; that may affect aircraft sales, but that's another story. If we get our act together we can have this solved in a few months.

My 2 cents.

 

[ozpilot]

Captain Dad,

When you asked owner services for that information did you also ask their permission to post it on a public message board?

As much as I admire your enthusiasm for Netjets, I don't believe you should be posting the companies business plans on this message board.

 

[learflyer]

What gets me about people who talk about the economy is usually people don't know what they're talking about (myself included, so don't throw a tantrum).

I went to Fry's last night (large retail electronics chain, for those of you in Tucumcari). The parking lot was full!

For anybody looking for something to do, go to the mall, and tell me what you see. I bet your malls and restaurants are full, too. Conclusion: The economy is doing wonderful; this is nothing more than election year brainwashing.

Now, the price of gas is high; that may affect aircraft sales, but that's another story. If we get our act together we can have this solved in a few months.

My 2 cents.

agreed. the economy is as bad as the media says it is. Americans are robots listening to them: "AAA says that this holiday weekend 10.7 billion people will be traveling on the highways." MUST GET IN CAR AND DRIVE....(insert robot voice)

 

[flyzimex]

Well, as I understand it, the problem is that a lot of people are using money they don't have (credit). Just like the country itself..

FZ