European Business Jets

[mrskytec]

Cards provide cashflow/lifeblood in a new organisation; also offer flexibility for an operation which uses a variety of agents and third parties. Agree, not a long term solution (eventually seek a balance between cards/contracts and credit terms (which are like cards anyway!)), but I gather that the providers of these cards are happy in providing credit in return for for the Company's frequent clear-down, and where this is in the case, it provides for a slicker operation by the day.

[Jetscream 32]

So its your first post and you come up with a question like that.....!!!!! mmm let me think....??

Well there is a simple answer which will be better than any rumour on here... and that is to punch EBJ into the LSE website being as its a publicly traded company....... and having just checked - it must be a rumour as NO notification has been given to RNS..... and there is no suspension of shares pending your announcement...... but if GD has done a deal and not told the LSE then it's off to jail time..... but somehow - naah!! dont think so - just a rumour!!! the guys from Sentient were interested but even they like everyone else is having their problems with the price of oil and general feeling towards extravagance in a highly saturated market.....!!

[dc9-32]

Am I missing something here or has the post before Jetscreams last been removed ??

EBJ and cash flow problems. Now thats something to discuss.......

[shed loads]

DC,

I believe the missing post was: "Is it true EBJ has been sold?"

As to your point, maybe there is, maybe there isn't. But either way perhaps any discussion is best had in private amongst those directly involved.

After all this is a rumour network NOT a speculation network; a subtle but important distinction.

[Duck Rogers]

The poster removed his own thread. Twasn't me.



Duck

[dc9-32]

EBJ has not been sold. The would-be purchaser decided against it citing nothing worth purchasing.

Time will tell......

[fearofflying]

It seems EBJ have rejected Takeover approaches last year

European Business Jets Rejects Takeover Approaches

http://www.bloomberg.com/apps/news?p...transportation

[Jetscream 32]

But that was last June....! the relevance???? ZERO - the share price unchanged in the year since and like others said - Sentient walked away and and GD is franticallly trying to get things back on track by chasing other money but spending more time chasing his own tail - at some point he will recognise that he is not a threat to NJE even tho he used to work for them.... he needs help and a lot of it - but he is far to stubborn to listen and far to emabarassed at what the due diligence keeps throwing up...!

[Spam Up]

Hello

Hi


So ! who's gonna put money into EBJ then ???????

Good investment ??????????????

Spam Up

[fearofflying]

The relevance is obvious

They have grown and expanded since rejecting those takeover offers and still seem to be the focus of a lot of interest either from people trying to buy them or people who are worried about how well they are doing and feel the need to be so vocal about any possible negatives. As for the share price. Well all share prices have fallen over the period including that of Air Partner and thats the nature of being a public company.

I am sure the value of Netjets share would have fallen also if it was a public company during recent stock market events. The shares in Berkshire Hathaway have fallen themelves!

The fact remains that EBJ and its continued expansion is becoming the focus of a lot of interest.

[hawker750]

just click on their website, click investors, click financial information.
loosing £20K/week up to September 07. No info since then

[flybypilot]

In their business model does anyone know after how long they expected to turn a profit? £20k/week isn't a small lose even if it is out of date!

FBP!

[fearofflying]

They always said they would be loss making for at least 3 years

How long was Netjets losing money! I would also point to some very relevant points in the last interim results in which they said are meeting their sales targets and the pretax loss, albeit fractionally, actually narrowed. This was also "While the turnover stated is below that of the comparative period, this is misleading in so far as it reflects the timing of the transfer of aircraft to the owners of fractional shares rather than the underlying sale of fractions themselves". The results were also affected it seems by "operational reasons, primarily a requirement to charter aircraft as a result of increased sales rather than flying clients in owned aircraft"

I also noted that they continue to expand the fleet and from looking at the new EBJ website they are now offering CJ1s, CJ2s and now the XLS both on fractionals and hours at prices which are below Netjets and Air Partner. I also noted in the last results they quoted "remain optimistic about the future demand for our range of products, and with
fractional sales, card sales and revenue from managed aircraft improving we look to the future with increasing confidence"

I have also noted some major shareholders increasing their stakes so I suspect they are happy with the progress and happy to support them.

[robash]

fearofflying - just a random observation from afar but I think you may be clutching at straws to say that netjets lost money for many years and that is therefore a recipe for success.

Netjets is backed by Mr Warren Buffett - aka richest man in the world - EBJ isnt.

[woodcoc2000]

If i listened to all the people saying stay away from this or that company on pprune, i would be staying away from all of them! While i dont work for EBJ i hope to.. I have met a few of their crew including one of their pilot/managers and i can tell you they seem to be very content and nice people to be around.

I dont know the truth about take over rumours but they are not neccasarily bad things.. A lot of the time more money is put in as are experienced people. My point is people shouldnt point and shreik that EBJ has been approached for purpose of sale; thats business.

Never mind the nay sayers, i for one would love a crack at flying their aircraft..

[fearofflying]

I never said losing money was a recipe for success!

I said even an operation like Netjets lost money for years. I also never claimed that EBJ was looking or trying to be as big as Netjets but rather carve out its own market aimed a more price concious clients which it seems to be doing very successfully. These businesses take scale and time to build that scale and according to newsflow from EBJ they are on track to meet their targets and would have the had the backing in place before IPO to support them through to profitibility. Its well known that NetJets Europe ran cumulative losses of $212 million in its first 10 years of operation!

I would also say to you that EBJ might not be backed by Warren Buffet but according the many shareholder disclosures they do seem to be backed by some wealthy individuals.

I really do get the feeling that a lot of people on here are very nervous about how well EBJ are doing and therefore feel the need to be so vocal on their negatives when the reality is they have a lot more positives about them.

[robash]

point taken FoF - I'm certainly not saying EBJ are trying to be the size of netjets or that they are planning on making large losses for years and years - merely that they are not in the fantastic position of being able to dig into their considerable pockets of the richest man in the world.

I know who the shareholders at EBJ are and yes, they are very wealthy people, but bottomless pits they are not.

Best of luck to them all.

[plinkton]

Can anyone update us on how EBJ are doing now?

[plinkton]

I'll take it that they are quiet then...

[x933]

G-OXLS was hemmed in to the Cessna display stand at EGLF today - availability isn't good either so they must be doing something right...