JetBird
Join Date: Jun 2004
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Contract
Very strong rumors tell me that Emb. has cancelled the purchase agreement.
If true, this has taken the bottom out of the JB business plan. The agreements are vital for the future of JB.
If true, this has taken the bottom out of the JB business plan. The agreements are vital for the future of JB.
Join Date: Nov 1999
Location: Edinburgh
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...and what customer will hand over money after such a shaky start even if they overcame the current problems. The sales pitch would be impossible now.
It's very sad, but it's JR again without all the PR. I really question the notion of 're-inventing' private aviation. The best market in the world to do this is the US, with Europe 2nd. Santulli achieved it with NetJets, at least for the first 25 years, but no one else has since: DayJet, Pogo, SATS, JR, BBD/Skyjet - all never achieved it with the market largely in their favour. JB's strapline was "changing the world of business jet travel forever". They didn't get to the starting post, little alone forever.
So long as the owners subsidise business jet travel, no one can reinvent it, at a significantly lower cost, irrespective of the scale of their offering, and the cleverness of their marketing and PR agency.
It's very sad, but it's JR again without all the PR. I really question the notion of 're-inventing' private aviation. The best market in the world to do this is the US, with Europe 2nd. Santulli achieved it with NetJets, at least for the first 25 years, but no one else has since: DayJet, Pogo, SATS, JR, BBD/Skyjet - all never achieved it with the market largely in their favour. JB's strapline was "changing the world of business jet travel forever". They didn't get to the starting post, little alone forever.
So long as the owners subsidise business jet travel, no one can reinvent it, at a significantly lower cost, irrespective of the scale of their offering, and the cleverness of their marketing and PR agency.
Join Date: Aug 2004
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So long as the owners subsidise business jet travel, no one can reinvent it, at a significantly lower cost, irrespective of the scale of their offering, and the cleverness of their marketing and PR agency.
Join Date: Oct 2008
Location: Above & Beyond
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I've only heard there being 14 pilots anyway! But are they getting paid just sitting around?
If not I think its a bad idea laying off the pilots before they have even began.
Whats the chances of the interview even happening this year does any body know? I think the answer is zero right now but I hope Jetbird at least sends us an email saying its not happening till next year.
If not I think its a bad idea laying off the pilots before they have even began.
Whats the chances of the interview even happening this year does any body know? I think the answer is zero right now but I hope Jetbird at least sends us an email saying its not happening till next year.
Join Date: Jan 2003
Location: Bristol
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I don't want to be the one who gets shot down for bing a pessimist here, but....
The lack of funding will not have come as a surprise to Jetbird, they will have been tryin to raise investment capital for months. Originally claiming to have raised €100,000,000, it is obvious that investors are pulling out.
If €5 or 6 or 10 million is needed to take delivery of 5 aircraft, imagine the gargantuan job of raising enough capital to take delivery of the other 94.
I think it is a massive ask that they get over this hurdle and take delivery of 5 aircraft, but to continue down the track of 50+ new deliveries, about as much chance as Pompey winning the Premier League this season.
Be realistic guys, this one has next to no chance of happening at all.
The lack of funding will not have come as a surprise to Jetbird, they will have been tryin to raise investment capital for months. Originally claiming to have raised €100,000,000, it is obvious that investors are pulling out.
If €5 or 6 or 10 million is needed to take delivery of 5 aircraft, imagine the gargantuan job of raising enough capital to take delivery of the other 94.
I think it is a massive ask that they get over this hurdle and take delivery of 5 aircraft, but to continue down the track of 50+ new deliveries, about as much chance as Pompey winning the Premier League this season.
Be realistic guys, this one has next to no chance of happening at all.
Join Date: Oct 2008
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Phil,
In some ways your opinion is correct. They have the contacts already so I have been told, the problem is the initial funding for the first 5 or so planes.
Getting the next batch of planes wouldn't be that hard if they are getting income from the clients they say they have already right or am I wrong in thinking this?
With out these first 5 planes making them money ASAP their company is doomed. Like I said before its not over till JB say it is
Maybe Santa Claus will give them a huge money injection as a gift
In some ways your opinion is correct. They have the contacts already so I have been told, the problem is the initial funding for the first 5 or so planes.
Getting the next batch of planes wouldn't be that hard if they are getting income from the clients they say they have already right or am I wrong in thinking this?
With out these first 5 planes making them money ASAP their company is doomed. Like I said before its not over till JB say it is
Maybe Santa Claus will give them a huge money injection as a gift
Join Date: Jan 2003
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Punk,
Each aircraft costs $2.8m. A light jet (if busy) will make a GP of €120k per year.
5 x €120k = €600k Gross Profit
Overhead = €2.4 million a year (as per their accounts) assuming no more staff are needed when they actually have a business, plus whatever the AOC holder charges them.
Nett loss from 5 aircraft = €1.8 million
Then take off depreciation = ???????????
Show me the money........
Anyone........Anyone.....Bueller?
Each aircraft costs $2.8m. A light jet (if busy) will make a GP of €120k per year.
5 x €120k = €600k Gross Profit
Overhead = €2.4 million a year (as per their accounts) assuming no more staff are needed when they actually have a business, plus whatever the AOC holder charges them.
Nett loss from 5 aircraft = €1.8 million
Then take off depreciation = ???????????
Show me the money........
Anyone........Anyone.....Bueller?
Join Date: Oct 2008
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Phil,
Thanks for clearing that up, I guess when you put numbers to it the odds are not on them at all. Dont get me wrong I know its highly doubtful its going to happen but if on the odd chance it does alot of people will be eating there own words. So im still on the fence about the whole thing.
I guess if it does go tits up at least it made alot of unemployed pilots smile and give us newbies some hope for the future.
Thanks for clearing that up, I guess when you put numbers to it the odds are not on them at all. Dont get me wrong I know its highly doubtful its going to happen but if on the odd chance it does alot of people will be eating there own words. So im still on the fence about the whole thing.
I guess if it does go tits up at least it made alot of unemployed pilots smile and give us newbies some hope for the future.
Join Date: Dec 2006
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I think we all should be thankful for JetBird allowing us to polish our interview skills during the telephone interview. I believe that if we all approach this situation with positive attitude that JetBird will indeed get off the ground and take delivery of the 100 aircraft. We need to look at the cup half full. Keep positive and a smile on your face!
Join Date: Oct 2008
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lpokijuhyt
I agree, thats the attitude I have right now It's gave me the interview practice and I think showing our support and having hope in their company will actually pay off. Maybe they will be one of the companies that look after pilots in these tough times.
I agree, thats the attitude I have right now It's gave me the interview practice and I think showing our support and having hope in their company will actually pay off. Maybe they will be one of the companies that look after pilots in these tough times.
Join Date: Dec 2008
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Each aircraft costs $2.8m. A light jet (if busy) will make a GP of €120k per year.
2.4 m is not a realistic figure and I'm sure you know it.
I don't know the Phenom's European DOC but a commercial margin can't be as low as 200 euros/hour.
Join Date: Jan 2003
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SFLY,
The 2.4m is from Jetbirds accounts, which were published in the press.
I've based the GP contribution on my own jets (CJ's),
I see you assume that Jetbird would immediately get 600 hrs a year, probably not realistic for a start-up to find 3000 hours of light jet flying in the current market.
Phil
The 2.4m is from Jetbirds accounts, which were published in the press.
I've based the GP contribution on my own jets (CJ's),
I see you assume that Jetbird would immediately get 600 hrs a year, probably not realistic for a start-up to find 3000 hours of light jet flying in the current market.
Phil
Join Date: Nov 2008
Location: São José dos Campos, Brazil
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Fresh news from Brazil:
The JB aircrafts that were seating here in the SJK tarmac went to the service center hangar to be reconfigured and return to the assembly line in GPX.
So, looks like JB is dead, at least for now...
The JB aircrafts that were seating here in the SJK tarmac went to the service center hangar to be reconfigured and return to the assembly line in GPX.
So, looks like JB is dead, at least for now...