It was not cancel, Netjets realised that LH was making lots of money by been charge only ops cost as a normal Netjets owner, the whole ops positionning etc... been done by NJE. The LH customers were so happy that LH 3 years hours bought were flown in 1 year.. initially NJE was supposed to fly LH customers from FFM and MUC to european destinations like LA FFm Sion, LA FFM by LH 1st class and FFM sion by NJE but the deal was so attractive that we were doing mainly point to point and rarely the supposed deal, I even flown a Cabo verde-Tasken- Cabo Verde..or Larnaca -Sibiu ...it was great for LH as the positionning were free of charge for them...NJE realised that they could easily got all those LH customers themself so I soon as the 3 years hours bought by LH were flown Nje could legally refused to renew the contract so they did !
LH start is own charter bizjet business but are struggling as they do not have a frax owner base to compete with NJE business model...NJE continue his strategy of getting LH customers by buying Elgelsbach for 3 M euros and are going to invest 42M in infracstructure.
desjokey101 like LH as no cloud of how NJE modrl is working , he forgot that NJE is selling 25 h Card ..that's charter with a different wording for it...in 2008 Netjets sold 400 of those cards that s 10000 charter hours already sold and also cash in as those card are prepaid with free positionning in Europe and over the North Atlantic ...
Last edited by falconbis; 22nd Feb 2009 at 16:49.