NetJets’ new chairman and acting CEO, David Sokol, has barely been at the helm of the fractional provider a week, but he isn’t wasting any time in restructuring the company that lost nearly $350 million in the first half of this year.
It shouldn’t be news that a corporate flight department is inviting the public to a day of fun at the local airport, but in an era when users of private jets are being vilified by the general media, this is an example of community relations that other flight departments might want to emulate.
“I’ve wanted to be a pilot since I was a little kid, but for a long time it didn’t seem possible,” Mike Grossmann, president of Castle Aviation, told AIN. Born in Germany and raised in Buffalo, N.Y., Grossmann and his family moved to Youngstown, Ohio when he was 14.
Cessna 208B Caravan, Columbus, Ohio, Dec. 5, 2007–The NTSB blamed the crash of the cargo Caravan on “the pilot’s failure to maintain aircraft control...due to spatial disorientation.” Factors were the low ceiling and night conditions. The Caravan was topped off and de-iced after landing at Rickenbacker International Airport (LCK).
FBO Cleveland Jet Center at Ohio’s Cuyahoga County Airport has added jet-A and avgas supplied by Avfuel to its list of services. Renovated facilities at the FBO include a 34,000-sq-ft office building fronted by a porte-cochere entrance and a 25,000-sq-ft heated hangar. When the weather is warm, customers can hone their skills on an outdoor putting green, and in the winter a heated waiting area
NetJets Europe has agreed to acquire Egelsbach Airport near Frankfurt, Germany’s financial center, for an undisclosed sum. The deal–subject to final approval by the local municipal authorities who own the airport company Hessische Flugplatz GmbH Egelsbach (HFG)–is expected to be completed this month.
Cessna came to the Middle East Business Aviation show bullish about the regional prospects for its new large-cabin business jet, the $27 million Citation Columbus. Approximately 10 percent of the 71 Columbus orders taken to date are from Middle East customers. Wallan Aviation, Cessna’s authorized sales representative in the region, has already resold its initial order of three Columbus twinjets and has placed a follow-on order for three more.
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.
When a Fortune 500 company’s fortunes crash and burn, corporate jets usually go up for sale and pilots end up looking for work. Such is the case with Tyco International, which has had its share of negative headlines over the past month.
The combination of fractional providers Flight Options and Raytheon Travel Air (RTA) into Cleveland-based Flight Options LLC is expected by the end of this month, according to Flight Options CEO and founder Kenn Ricci. Government antitrust approval was granted in the middle of last month, clearing the merger’s last big hurdle.