NetJets Europe

January 31, 2007 - 11:27am

In the single largest training agreement in its history, Dallas-based CAE SimuFlite will soon start training all 900-plus pilots of Flight Options, the second-largest fractional aircraft ownership operation in the world. The exclusive three-year agreement, with an option for two more years, is valued at about $28 million and is effective starting this month.

January 30, 2007 - 10:48am

Lufthansa passengers can now book NetJets Europe aircraft to fly them to and from the German flag carrier’s main long-haul hub at Munich. The new Lufthansa Private Jets service, which was set to begin at the start of the summer airline schedule on March 29, will offer passengers fast and direct connections between the Lufthansa airliners and their chartered business jet.

January 30, 2007 - 5:35am

Raytheon Aircraft last month reached a “tentative agreement” for NetJets to purchase up to 50 Hawker Horizons for its fractional aircraft fleet. The deal is expected to be finalized before the end of this month. In mid-2003, NetJets canceled a 1999 order for 50 Horizons due to “developmental and certification delays.” Full certification of the Hawker Horizon is still not expected until around midyear.

January 30, 2007 - 5:04am

While the fractional providers said publicly that switching to the more stringent rules of Part 91 Subpart K on February 17 was a nonevent, a look behind the scenes at NetJets reveals a somewhat more chaotic transition. It appears that the duty-time and crew-rest limitations of the new rule threw a proverbial monkey wrench into operations.

January 29, 2007 - 5:25am

A day after news of the NetJets order for 50 Hawker 400XPs, Cessna Aircraft parent company Textron announced that it expects no financial impact from the fractional provider’s earlier cancellation of an order for 50 Citation CJ3s. The company expects the canceled order, applied to jets slated for delivery in the late 2005 to 2008 timeframe, to be reallocated to existing customer orders.

January 29, 2007 - 5:16am

Fractional operator NetJets announced an order late last month for 50 Hawker 400XPs and eight midsize Hawker 800XPs, a deal valued in excess of $360 million. The order also includes an option for 50 Hawker 400XPs, bringing the total potential value to more than $600 million. In addition, discussion is under way with an undisclosed company on a long-term maintenance agreement, which was to be finalized by the end of last year.

January 19, 2007 - 9:37am

NetJets Europe pilots have yet to form their planned trade union and now there are signs that the movement to do so might be losing momentum as flight crews consider the revised pay and conditions offer the fractional ownership group made in early December.

January 19, 2007 - 9:22am
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Long-time business aviation leader Jim Christiansen might be feeling a little déjà vu after his appointment last month as president of NetJets Aviation in Columbus, Ohio. From 1990 to 1992 he was president of Executive Jet Aviation, as the company was known then.

January 16, 2007 - 6:03am

Following up on a tentative agreement reached nearly nine months ago, Raytheon Aircraft and NetJets signed a contract for the purchase of 50 Hawker 4000s (née Horizons) for the latter company’s fractional fleet. In addition, there is a separate 10-year guaranteed maintenance program. Raytheon Aircraft said the combined total value of these contracts will exceed $1 billion, the largest single commercial order in the company’s history.

January 12, 2007 - 4:14am
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NetJets chairman and CEO Richard Santulli announced that long-time business aviation leader Jim Christiansen “will be assuming the position of president of NetJets Aviation,” in Columbus, Ohio. Santulli said, “With Jim's depth of experience, there is no one who knows our business better.” The position has been unfilled since Bill Boisture resigned in January 2006 after joining the fractional operator in October 2003.

 
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