Biz Jets, Ag Flying, GA etc.The place for discussion of issues related to corporate, Ag and GA aviation. If you're a professional pilot and don't fly for the airlines then try here.
JR will be no factor. Wrong aircraft choice, lousy manager (great talker though) on top and russian market (their target) drying up quickly (number of russian millionaires are going down at an incredible rate).....
The russian money behind will dry up as well, so after 2 years the operation will be finished.
Their aircraft choice and pricing will not match NJ aircraft and pricing, certainly not if NJ reduces the pricing model by some 10% on certain types....
The great talker will loose his acclaimed selfmade millions (over the quality of my hotelbed by the way), and be out of business in 2 years (JB sans rancune, but it was the wrong airframe you picked mate....., but so far the marketing side is gooing along very nice, cheers!)
For the pilots, 6 and 4 is worse than NJ. And the offered 90.000 will be in the same legal format as NJ. So that means that a few people throughout europe (french, dutch, danish, germans, italians) will be disappointed in 2 years when all legal proceedings are finished (at NJ) and many have to pay tax in their own country and will have to see how they can get the paided taxes back from portugal.....
You sound like an insider James. Go on give us a PPRuNe exclusive and tell us how many shares have been sold? The thing is, Breezy has been putting himself around every magazine and newspaper who will talk to him getting every bit of publicity possible. So why doesn't he disclose the number of contracts? I find that VERY suspicious, if he'd sold fifty he would be shouting it from the rooftops!
The problem i have with your post James is that you have tried to turn the tables back on the Netjets crew by saying "whats wrong with us all".
So here comes the question. Who was it stood on the wing of a Learjet at the Farnborough Airshow PUBLICALLY claiming that Jet Republic was going to be better than Netjets? We all know the answer to that question, so really you have no grounds for complaint if/when Netjets staff turn on you/Jet Republic.
JB can talk until he is blue in the face but the fact remains Jet Republic are NOT going to be able to avoid the same costs Netjets did in the early years (mainly positioning aircraft an crew across Europe) to fulfil their contractual obligations. They will be operating into the same airports (except London City and probably Egelsbach, saucer of milk svp) and therefore will encounter the same capacity issues as Netjets do. Please oh please tell me what is going to be different, the fact it's "a good club, a proper club" and it has an expresso machine?
And thanks for the advice by the way, just been to the gym and hopefully lightened up by a couple of pounds.
You circumnavigated every point I made, but remained in "sales mode". So I will put it more bluntly to you:
1. Wrong aircraft. Too expensive, too small, too much fuel burn, lousy take off and landing performance. Wring match against Hawker 750 - 850 and Citation XLS+ in Europe.
2. Russian money behind it is drying up.
3. Russiana are main target (black colour scheme), but russian millionaires will be out of money sooner than the made it in the 2002 to 2004's.
4. JB is a good talker but lousy manager. He keeps everybody outboard instead of onboard.
5. 6 on 4 off is worse than Netjets.
6. The legal side of the contract worth 90.000 is JUST as lousy as NetJets Europes legal side.
I am hoping the best for the pilot's interest as well. But you are not trying to get NetJets people in your operation since youre on-off schedule is worse and your pay is worse. So you are aiming at the group of pilots not aware of the critical succesfactors of a new startup. Together with the wrong airframe choice, good luck! (Let's talk again in may 2011....)
Maybe may 2010 will suit as well.......because maybe only 1 year is enough as well.
Bring me a good manager and a good plan (no lear's 60) with substantial money behind it (read willing to loose 200 million first 4 years) than we can talk....but Jonathan and his bunch, no way.......
PS
NetJets Europe fired a pilot for Toxic contamination whilst on duty in one of their aircraft, you would do everybody a favour and have my best wishes for the future if you give this person a non flying Fleet Managerial job.........
And raise your salaries to 110.000 for a captain, and some of us will help you to make the best of it (they will forgive the 6 and 4...)
Let's see on a pure candidate point of view (regardless of the future of the company): I've been asked to spend some precious time during the peak season and spend a substantious amount of money for the travel/hotel without even giving me a single detail on the contract: pay, time off, all of this to be evaluated by beople I won't even work for. Am I motivated?
Regardless of the future of the company I think you will find that if you live in some of the European (not UK) countries you will be better off paying Tax in your country of residence. Thats if you have a family and mortgage.
Yes, the Russian market crashed (like everywhere else) and lots of cash was suddenly "gone". However, having said that, the Russian RTS is up by about 60 + % since New Year and I think they will recover a lot faster then Europe will....
As for business model, choice of aircraft etc etc goes, only time can tell....
James Nicholson, rather than simply slamming the critics, why don't you address their criticisms directly?
Tell us why you think JR will work. Why is it better than NetJets? Why is the Lear 60 the right aircraft?
My view....:
I HOPE that JR works out, not for the sake of NJE or VJ or anyone else, but simply because a whole bunch of unemployed folks would get a seat on the flight deck again. (and I think that is what JN is trying to say)
If one is desperate for a job I bet he gives s*** about politics and would take either of the three, so lets just hope they create some jobs.
However if they manage to secure a U$ 1.500.000.000 investment (source FT)
So if the newspaper believes the PR send to them it is true
ps I just raise this point as I intend to use this forum as a platform for voicing a different opinion to you James so dont shoot the messenger...
Quote:
I mistakenly assumed that this forum was intended as a platform for voicing different opinions and exchange the latest news and “rumours” for the benefit of all.
Of course it will work: Watch
One can still get just about 4% interest these days. 4% on $1.5 billion is $60 million a year. The hourly cost of a Lear 60 including lease fees on say 750 hours a year is about $3,000. $60 million divided by $3,000 is 20,000 divided by 750 is 26.666. So they could operate 26 Learjets, not charge the customers a bean and STILL make a profit.
Easy init!
The reason people are sceptical and they have every reason to be is that there are plenty of established charter companies who have seen start ups like this tooooo many times. They all think they have found the golden way to do it. What happens is they f.......k up the market for a couple of years and then go bust having done the industry no favours in the meantime. Bluestream was the last one that tried. The effect of that lot going bust owing millions was for the likes of Multi Service and Signature to withdraw credit facilities to most of it's customers. (All except Netjets actually) so tarring everyone with the same brush. Each new failure puts up our costs.
This business model is flawed. It will not work. To capitalise a company with about the same capital as British Airways is absurd. Selling shares in the wrong aircraft is ridiculus. Warren Buffet and the board of Net Jets must be p........ing themselves with laughter.
I simpathise with out of work pilots, I really do, but when the slimmest possibilty of a job appears they put their beer goggles on.
Put simply, too many people get into this Industry for the wrong reasons, they think it is sexy, flashy, and a way to get rich quick, when in reality it is just hard graft. I would not recommend putting your mum's pension into this scheme.
, please grow the **** up and realise this is jobs for folks
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