Nayak Aircraft Services Group, headquartered in Cologne, Germany, has teamed with LoPresti Speed Merchants of Vero Beach, Florida, to certify, market, install and maintain in Europe LoPresti’s Boom Beam landing and taxi light systems, the only xenon landing and taxi lights available for business aircraft.
Less than two months after completion of the sale of Raytheon Aircraft to the investment firms GS Capital Partners and Onex Partners for $3.3 billion, the newly formed Hawker Beechcraft announced its first fleet sale yesterday at EBACE.
Less than two months after completion of the sale of Raytheon Aircraft to the investment firms GS Capital Partners and Onex Partners for $3.3 billion, the newly formed Hawker Beechcraft Corp. announced its first fleet sale.
Back in 2001, NetJets Europe might have considered a shortage of suitably qualified pilots to be a nice problem to face. At the time, the industry’s fractional ownership leader had no more than 80 clients in Europe–five years after having imported the concept from the U.S.
NetJets Europe expects to move into its new Lisbon, Portugal headquarters in December. The fractional provider already runs all its operational and administrative functions from the Portuguese capital and it is now investing $28 million in a much larger building that will house slightly more than 400 staff. It also has a sales and marketing office in London. The past three years have seen rapid growth at NetJets Europe.
NetJets Europe has launched a new NetJets Corporate Card program to market smaller blocks of flight time in its fractional-ownership fleet without the need to acquire an aircraft share. At the same time, it has rebranded Marquis Private Jet Card as the NetJets Private Jet Card, with NetJets having taken control of the London-based Marquis Jet Partners Europe operation.
Profits soared last year at Warren Buffett’s holding company, Berkshire Hathaway, though not all of the company’s divisions did well. In his annual letter to shareholders released last month, the investment mogul summarized the reduced performance of FlightSafety International and NetJets– the two largest companies in their respective fields of simulator training and fractional ownership.
A “much improved situation is emerging at NetJets,” according to Warren Buffett, chairman of parent company Berkshire Hathaway. In his annual letter to stockholders, published February 28, Buffett said NetJets has “never had a problem growing. But profits had been erratic.”
NetJets has presented its annual trophy for Best Heavy Maintenance Provider during 2006 to Hawker Aircraft Services. It’s the third time the company has won
the annual maintenance honor; it has also previously received NetJets’ Supplier of the Year Award. The Hawker Aircraft Services facility performs heavy maintenance on NetJets’ domestic fleet of 71 Hawker 400XPs and Hawker 800XPs.
Raytheon Aircraft signed a 10-year agreement with NetJets for the maintenance of the fractional-ownership operator’s fleet of Hawker 1000s, Hawker 800XPs and Hawker 400XPs. The contract includes options beyond the initial 10 years. Hawker 1000 and 800XP heavy maintenance will be performed at the Hawker Service Center in Little Rock, Ark. Maintenance for the Hawker 400XP will be done at Raytheon Aircraft Services in Tampa, Fla..