PPRuNe Forums - View Single Post - NetJets loses $1M a day in 2009
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Old 11th May 2009, 16:01
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Cyberdragon
 
Join Date: Jul 2008
Location: UK
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B200Drvr I think you may find that many of the NJ fleet aircraft do not have owners behind them. I hear that it has been thin pickings indeed for the sales people recently. Isn't this why they've switched to selling lease agreements where the residual value (or lack of it) is firmly with NJ?

So if you can not sell fractions, and the card members are leaving in droves or at best flying less and as a result you're having to mothball but continue to fund aircraft units that you had to buy to support the card programme in the first place and all the while paying pilots to sit at home, then $1 million a day actually sounds quite a small number when you really think about it.

I'm not saying that NJ's won't stick around, I'm just suggesting that the business model looks a little dodgy. Perhaps it's time for another plan....
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