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.
Columbus, Ohio metropolitan area
NetJets will remain in Columbus, Ohio, despite fierce competition from cities such as Raleigh, N.C.; Orlando, Fla.; and Fort Worth, Texas. CEO Richard Santulli said the fractional provider will create a $200 million campus that will include a new FlightSafety training facility and will more than double the size of NetJets’ current facility. Santulli expects at least another 800 jobs will be created.
Speaking yesterday at the fractional provider’s Port Columbus (Ohio) Airport operations center, NetJets CEO Richard Santulli ended months of speculation by announcing that the company will be staying put in the Buckeye State. Despite fierce competition from cities such as Raleigh, N.C.; Orlando, Fla.; and Fort Worth, Texas, in the end NetJets decided to expand its existing facility in Columbus rather than relocate.
According to research from AvData, Amstat and ARG/US, Cleveland, Ohio-based Flight Options had a share-owner increase of 20.5 percent (from 541 owners to 652 owners) between December 31 last year through June 30 this year, the largest percentage increase of four major fractional aircraft ownership providers (including NetJets, Flexjet and Travel Air). As of last June, Flight Options had a 16-percent share of the owner market.