NetJets Expanding Bridgeway Facility as New HQ

AINalerts » June 22, 2010
June 22, 2010, 12:07 PM

NetJets has shelved plans for a $200 million operations and training campus in Columbus, Ohio, and is instead going forward with a more modest $21 million expansion to its existing complex at Port Columbus Regional Airport. It will build a new 140,000-sq-ft facility that will be connected to NetJets’ existing Bridgeway Avenue facility to help implement plans to consolidate its headquarters and operations in Columbus. About 1,300 employees will eventually work at the combined grounds, which will also allow room for “significant” expansion. “As part of our response to the recent recession and its effect on NetJets’ business operations, we concluded last fall that this was an appropriate time to consolidate our corporate and operations headquarters in Columbus,” NetJets chairman and CEO David Sokol told AIN. “As such, we have closed five offices outside Ohio and relocated all of their related functions to Columbus, including the office of the CEO, operations, general counsel, sales, marketing and aircraft purchasing.” He added that just relocating its Easton office to the nearby Bridgeway facility will save NetJets about $900,000 per year.

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