NetJets

November 14, 2006 - 6:26am

Preparing for future growth of its U.S. and European operations–and in spite of mounting losses–fractional ownership giant NetJets has placed orders for 72 business jets valued at more than $1.6 billion.

November 13, 2006 - 12:10pm

The nine-month-old NetJets pilot contract, which raised wages substantially, isn’t having the speculated adverse effect on profits at the fractional provider.

November 13, 2006 - 11:54am

More than 20 years ago, fractional jet ownership began with NetJets and then expanded rapidly in the late 1990s with the growth of Raytheon Travel Air and Flight Options (now just Flight Options, which is wholly owned by Raytheon), Bombardier’s Flexjet and the Cessna/ TAG Aviation CitationShares joint venture, among others.

November 13, 2006 - 10:17am

The industry’s fortunes have changed dramatically in the last three years, swinging wildly from the lowest of lows to almost unimaginable heights. For business aircraft makers, the current “cycle” likely will be remembered as one of the biggest roller-coaster rides in the industry’s history. Perhaps no company is more illustrative of the rapid turnaround than Dassault Falcon Jet.

November 13, 2006 - 9:10am

Remarkably, the two pilots and three passengers on a NetJets Hawker 800XP (N879QS) and the pilot of a Schleicher sailplane escaped serious injury when the two aircraft collided at about 16,000 feet yesterday afternoon near Carson City, Nev. The pilot of the glider bailed out and landed safely, while the jet made a gear-up landing at Carson City Airport.

November 13, 2006 - 6:25am

First it was NetJets’ pilots who picketed and finally got a new labor contract; now it’s the fractional’s mechanics and other support personnel who on Friday began “informational picketing” at the company’s headquarters in Columbus, Ohio. Their contract became renewable in January last year.

November 8, 2006 - 6:57am

The union representing some 760 Flight Options pilots is charging that the Raytheon-owned fractional share company is engaging in a pattern of harassing and hostile behavior as both sides continue negotiations toward an initial contract. Under terms of the National Labor Relations Act those talks can continue through August 2007 before a strike could be called.

November 7, 2006 - 8:48am

Aerion

Aerion SSBJ–Aerion continues on track with development efforts for its supersonic business jet. High-speed testing on the Aerion supersonic natural-laminar-flow wing was expected to be carried out last month by using a rocket sled to achieve the necessary Mach 1.5 test speed.

November 7, 2006 - 8:09am

NetJets Europe’s order for 24 Dassault Falcon 7Xs reflects a powerful declaration of intent for both companies. For Dassault, the deal–valued at $1 billion–is its largest single business jet sale ever and a vital fillip for the 7X program, which now has an order book for 116 copies of the fly-by-wire trijet.

November 7, 2006 - 7:47am

The U.S. Department of Transportation (DOT) has moved to ease restrictions on access to U.S. skies for foreign charter operators. It will increase to 12 (from six) the number of flights any one operator can make per year into the country before having to apply for a Part 129 foreign carrier certificate, and address applications on an ad hoc basis pending a permanent rule change that could take another two years to implement.

 
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