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Suppliers
Ladies and Gentlemen,
Lets us collectively spare a thought for the many potential suppliers to JR who spent much time and money working on the plan for JR basically because whatever doubts may have existed, they could not afford not to be part of the plan just in case it did succeed.
You will never be sucessful by sitting at home. (Written from home complaining to Mrs Magister about the size of our household bills!)
MM
Lets us collectively spare a thought for the many potential suppliers to JR who spent much time and money working on the plan for JR basically because whatever doubts may have existed, they could not afford not to be part of the plan just in case it did succeed.
You will never be sucessful by sitting at home. (Written from home complaining to Mrs Magister about the size of our household bills!)
MM
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A and C: I wasn't aware of the project 4 years ago. But, if I was, I would have had many of the same concerns:
1) existing companies have made huge investments and are only barely making a profit.
2) only one type of aircraft limits customers.
3) long landing distance of the selected type limits available runways.
4) NetJets has had years to develop their algorithms, software and operating procedures.
For better or worse, NetJets is the big dog in the fractional marketplace. To take on NetJets a competitor has to be better in some way. How was JR going to be better?
You apparently have far greater knowledge of JR. You keep defending JR's business plan as being sound. So please, I'm asking you once again, what was JR's secret sauce? What was going to make it succeed? How was it going to be better than NetJets? Why do you think their business plan was sound?
Please, tell us why we are wrong and why JR's business plan was a good one.
1) existing companies have made huge investments and are only barely making a profit.
2) only one type of aircraft limits customers.
3) long landing distance of the selected type limits available runways.
4) NetJets has had years to develop their algorithms, software and operating procedures.
For better or worse, NetJets is the big dog in the fractional marketplace. To take on NetJets a competitor has to be better in some way. How was JR going to be better?
You apparently have far greater knowledge of JR. You keep defending JR's business plan as being sound. So please, I'm asking you once again, what was JR's secret sauce? What was going to make it succeed? How was it going to be better than NetJets? Why do you think their business plan was sound?
Please, tell us why we are wrong and why JR's business plan was a good one.
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potential suppliers
miles magister
au contraire
if i was a potential supplier to JR right now id be thanking my lucky stars that it went bust before they ended up owing me money......
au contraire
if i was a potential supplier to JR right now id be thanking my lucky stars that it went bust before they ended up owing me money......
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Hi Nocolas
Thanks for making this site a bit lively. But then again you probably have more time on your hands lately.
Lets start:
The interesting thing is nobody knows who the shareholders are (the ones behind the famous Russian/Austrian bank). So please enlighten us, how did they get so rich... being smart investors or being in Russia at the right time with the righ connections? More intrestingly the company went down because one of the two shareholders did not want to put up his promised money.... So question number two is: who is the really smart investor that did NOT put his promised money in and as a consequence brought down JR...... As you rightly say that IS a smart investor. 
Shouldnt this read: geared up their LR60 production line again to meet the delivery schedule of the only client that wanted to buy the bl@@dy pl@ne... 
You didnt hear me say that Bombardier were stupid: quite smart actually! They find a sucker for the worst aircraft in their portfolio who in turn found suckers to stump up the cash (again we don't know which of those suckers actually paid up, but hey that is a minor issue). The ones who were a bit smarter than Bombardier where the ones that could turn JR and his great businessplan down. Companies like Cessna and Hawker that had no outdated equipment to sell in an overheated market when JB went shopping... 
Thanks for making this site a bit lively. But then again you probably have more time on your hands lately.
Lets start:
Let’s just assume that JB manages to convince a group of ignorant investors, who have no knowledge of the market, to put millions and millions of dollars into this project.
I always ask myself the question: How did these people become such wealthy investors in the first place, if they are apparently so stupid?
I always ask myself the question: How did these people become such wealthy investors in the first place, if they are apparently so stupid?
However Bombardier approved the JR business model and plan as well, and geared up their LR60 production line again to meet the delivery schedule.
So unless we also wish to claim on this forum that the Bombardier Corporation is nothing more than a bunch of amateur w@nkers that do not know sh.. about business plans,(they only own Learjet for just about 20 years) all of you self proclaimed experts are totally right !
I would be the first one to congratulate you with being more knowledgeable than Bombardier, and suggest you consider a career change, because with your expertise you can make loads more money than piloting an aircraft.
I would be the first one to congratulate you with being more knowledgeable than Bombardier, and suggest you consider a career change, because with your expertise you can make loads more money than piloting an aircraft.
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Anyone coming to this thread for the first time could be forgiven for wondering what the hell the last two pages are about. They appear disjointed because the person to whom several of you are responding has deleted his posts.
I'll consider deleting or editing at a later stage to make things more sensible. In the meantime if you could all move on I'd appreciate it.
Thanks.
Duck
I'll consider deleting or editing at a later stage to make things more sensible. In the meantime if you could all move on I'd appreciate it.
Thanks.
Duck
JR Webpage
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Insolvency is official!
I have heard from a very reliable source, that JR has now officially declared insolvency.
The court ruling was made on the 6th of October.
"Jet Republic: The Revolution has ENDED"
The court ruling was made on the 6th of October.
"Jet Republic: The Revolution has ENDED"
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Here is the extract from the Handelsregister and the SHAB commercial register publication for the notice of liquidation for Jet Republic Services GmbH, assuming this is the main company.
hugel
hugel
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AIN investigation into Jet Republic
Jet Republic employees claim start-up mishandled insolvency: AINonline
Journalist unpicks the background that JB never coughed up his promised investment; implication seems to be that he blamed the other investors whilst all along not having stumped up his cash.
Journalist unpicks the background that JB never coughed up his promised investment; implication seems to be that he blamed the other investors whilst all along not having stumped up his cash.
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If this whole affair can be summed up by one quote.
• On August 17–less than 48 hours before the collapse–Jet Republic directors hired a professional photographer and makeup artist to have new photos taken of themselves for the company Web site.
Genius, not just a photographer, but a make up artist to boot......it's the stuff of legends.
Gotta dash, Barnsey and I are booked in for a spray tan!
• On August 17–less than 48 hours before the collapse–Jet Republic directors hired a professional photographer and makeup artist to have new photos taken of themselves for the company Web site.
Genius, not just a photographer, but a make up artist to boot......it's the stuff of legends.
Gotta dash, Barnsey and I are booked in for a spray tan!
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He's been kind enough to write a nice sanitised story so we all know what he's done and what he's doing today: to be found at www.modesty.com/jonathan_breeze, or if that link doesn't work, then try:
Jonathan Breeze - Wikipedia, the free encyclopedia
Jonathan Breeze - Wikipedia, the free encyclopedia
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Just saw that the Wikipedia of Jonathan Breeze has been updated to include a reference to the AIN article that tells the real story instead of "However, due to well-publicised problems in the aviation sector, the global recession, the company ceased trading on August 20th 2009" 
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Couple of little facts
Couple of little facts here to put things into perspective. Not on a crusade, but after all the press and looking on wikipedia one could think we are dealing with the entrepeneur of the century.
I wonder whether the examples below would fit such a description :
Both the CEO as well as the COO of Jet Republic came from White Concierge. Totally abandon your staff (many of them gave up real jobs and moved to Portugal), and comfortably slide back into your old position at White Concierge after the collapse of Jet Republic that you knew was coming.
Entrepeneur or Opportunist ?
Knowing that you have not sold a single fraction, and only a few cards, but not controlling your spend, by continuing to burn the money of your investors at an extremely high rate.
Entrepeneur or Opportunist ?
To make very good use of the extensive medical insurance package offered to JR management, only to leave your employees without any medical coverage a month later, by simply not paying their insurance premiums.
Entrepeneur or Opportunist ?
To continue ordering goods and services at suppliers as if you are still in "expanding mode" (most likely done so in order to confuse the shareholder who DID put his money in), when you know your funds have dried up, and drag some of these companies down the drain with you..
Entrepeneur or Opportunist ?
Now it is either a question of being extremely smart and the rest of the world is stupid, or perhaps the rest of the world has a different definition of what it takes to be a genuine entrepeneur...
Eitherway..... I am sure we haven't heard the last of this self proclaimed entrepeneur because guys like this usually resurface after a while pretending nothing ever happened and start a new project that will fail and only knows loosers. Except for the entrepeneur in question and his direct entourage of course.
Let's hope by that time someone still remembers the Jet Republic saga....
I wonder whether the examples below would fit such a description :
Both the CEO as well as the COO of Jet Republic came from White Concierge. Totally abandon your staff (many of them gave up real jobs and moved to Portugal), and comfortably slide back into your old position at White Concierge after the collapse of Jet Republic that you knew was coming.
Entrepeneur or Opportunist ?
Knowing that you have not sold a single fraction, and only a few cards, but not controlling your spend, by continuing to burn the money of your investors at an extremely high rate.
Entrepeneur or Opportunist ?
To make very good use of the extensive medical insurance package offered to JR management, only to leave your employees without any medical coverage a month later, by simply not paying their insurance premiums.
Entrepeneur or Opportunist ?
To continue ordering goods and services at suppliers as if you are still in "expanding mode" (most likely done so in order to confuse the shareholder who DID put his money in), when you know your funds have dried up, and drag some of these companies down the drain with you..
Entrepeneur or Opportunist ?
Now it is either a question of being extremely smart and the rest of the world is stupid, or perhaps the rest of the world has a different definition of what it takes to be a genuine entrepeneur...
Eitherway..... I am sure we haven't heard the last of this self proclaimed entrepeneur because guys like this usually resurface after a while pretending nothing ever happened and start a new project that will fail and only knows loosers. Except for the entrepeneur in question and his direct entourage of course.
Let's hope by that time someone still remembers the Jet Republic saga....
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Lots of ex-JR employees would like to meet JB in a dark street with no witnesses....... Maybe that's why he is hidden deeply away - unusually for him, no ego pages on Facebook or elsewhere? 
Sorry, he is here if you want to contact him - perhaps he will tell which company (clue, it probably begins with N) funded his MSc (& his F900 rating) before he moved elsewhere? Perhaps he has changed??
Doesn't look like it - lots of horse manure here.
Well, looks like they got what he said.
Go, Shaker!!! You can Excel!!
Sorry, he is here if you want to contact him - perhaps he will tell which company (clue, it probably begins with N) funded his MSc (& his F900 rating) before he moved elsewhere? Perhaps he has changed??
Doesn't look like it - lots of horse manure here.
It is better to have a bad leader than no leader at all.
Go, Shaker!!! You can Excel!!