Netjets!
Join Date: Jan 2009
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NJE Lay Offs
Well lets see here
Falcon 900B FB/FC/FD all sold.
GIV-DKA Sold
GV- DKB Sold
7X all being delayed.
H400 fleet 50% mothballed.
NJE had over 190 AC last year and its the hot gossip that they want to have 102.
So with that in mind they should be getting to Pre-2005 manpower numbers, so thats pilots, managers, office staff, maintenance etc.
Its about time the Lisbon staff realized that they are not God and that you can not actually walk on water.
Please put away your pie charts, case managements and calling FBO every 5 minutes to check if the catering has arrived. Get your CV updated and start groveling for a Job to all those people you have upset whilst in your ivory tower for the last 5 years or so.
You Know who you are?
Please hand your company car keys Audi A4 (standard Issue) school fees on your way out of Paco de arcos and take the bus to Lisboa to catch easy jet home.
Face the music please its happening every where
WAKE UP
Falcon 900B FB/FC/FD all sold.
GIV-DKA Sold
GV- DKB Sold
7X all being delayed.
H400 fleet 50% mothballed.
NJE had over 190 AC last year and its the hot gossip that they want to have 102.
So with that in mind they should be getting to Pre-2005 manpower numbers, so thats pilots, managers, office staff, maintenance etc.
Its about time the Lisbon staff realized that they are not God and that you can not actually walk on water.
Please put away your pie charts, case managements and calling FBO every 5 minutes to check if the catering has arrived. Get your CV updated and start groveling for a Job to all those people you have upset whilst in your ivory tower for the last 5 years or so.
You Know who you are?
Please hand your company car keys Audi A4 (standard Issue) school fees on your way out of Paco de arcos and take the bus to Lisboa to catch easy jet home.
Face the music please its happening every where
WAKE UP
Join Date: Mar 2005
Location: At Home
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He must know alot about NJE!
I guess the guys flying the 7X did not know it was not here!
190 A/C? I thought max on line was 168.
The pilots on options instead of redundancy and office staff already gone don't think they are Gods.
It always amazes me how many people love to doom monger about companies. NJE, Ocean Sky, TAG, etc are all flying and employing pilots but there is always a large number on pprune who seem to take immense joy in vicious rumour.
If 1 prospect does not buy a share because of rumours, it effects all in that company. Somehow the management always seem to end up okay, when a company goes down. It's the staff that end up in trouble.
I guess the guys flying the 7X did not know it was not here!
190 A/C? I thought max on line was 168.
The pilots on options instead of redundancy and office staff already gone don't think they are Gods.
It always amazes me how many people love to doom monger about companies. NJE, Ocean Sky, TAG, etc are all flying and employing pilots but there is always a large number on pprune who seem to take immense joy in vicious rumour.
If 1 prospect does not buy a share because of rumours, it effects all in that company. Somehow the management always seem to end up okay, when a company goes down. It's the staff that end up in trouble.
Join Date: Feb 2007
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Hawker Beechcraft Discloses Netjets Cancellations
http://www.hawkerbeechcraft.com/incl....aspx?id=12032
The Company also announced that it has received cancellation notices from NetJets, Inc. for a significant number of aircraft previously contracted to be delivered over several years beginning in 2011. The impact of the cancellations will be to reduce the Company’s current backlog by approximately $2.6 billion. HBAC has previously disclosed that NetJets, while a considerable source of backlog, was not expected to provide the Company any substantial revenue during 2009 or 2010 and has historically not represented more than 10 percent of the Company’s annual revenue. The cancellations represent approximately 90 percent of the Company’s previously contracted backlog with NetJets.
MLT
http://www.hawkerbeechcraft.com/incl....aspx?id=12032
The Company also announced that it has received cancellation notices from NetJets, Inc. for a significant number of aircraft previously contracted to be delivered over several years beginning in 2011. The impact of the cancellations will be to reduce the Company’s current backlog by approximately $2.6 billion. HBAC has previously disclosed that NetJets, while a considerable source of backlog, was not expected to provide the Company any substantial revenue during 2009 or 2010 and has historically not represented more than 10 percent of the Company’s annual revenue. The cancellations represent approximately 90 percent of the Company’s previously contracted backlog with NetJets.
MLT
Join Date: Jan 2009
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Net Jets
I think we all have to realize that NJE/NJI have made great strides in improving the GA society. Service by FBO, Handling and Maintenance providers have all stepped up to the mark.
The economic downturn in europe is real? slight signs of growth of recovery are short lived and more and more companies going insolvent.
Globe Span yesterday.
NJE/NJI/Tag Aviation/Jet Alliance and a few others will always be around but maybe under new structures etc.
Lots of us are looking for work and its tough market, we all take pride in what we do, and unfortunately its always the crew who go first.
The economic downturn in europe is real? slight signs of growth of recovery are short lived and more and more companies going insolvent.
Globe Span yesterday.
NJE/NJI/Tag Aviation/Jet Alliance and a few others will always be around but maybe under new structures etc.
Lots of us are looking for work and its tough market, we all take pride in what we do, and unfortunately its always the crew who go first.
Join Date: Dec 2002
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NJ Austria 2010 ?
WB has been checking out Austrian options:
"Warren Buffett ist mit seiner Business-Airline Netjets nun auch in Österreich gelandet. "Der US-Markt ist gesättigt und das Wachstumspotenzial in Europa ungleich größer", sagt Netjets-Chef Graeme Weston und erklärt damit auch den Eintritt in den österreichischen Markt.
Zum Hintergrund: Über seinen Fonds Berkshire Hathaway hat Buffett die Fluglinie 1998 für umgerechnet 487 Millionen € erworben. Allein für die Expansion nach Europa hat der Mogul noch einmal 480 Millionen € für neues Fluggerät in die Hand genommen. Mit Stand 2008 zählte die Netjets-Flotte in Europa bereits 174 Flugzeuge. Bis Ende 2009 werden für Netjets krisenbedingt nur noch 160 Maschinen unterwegs sein, was einem Marktwert von 665 Millionen € entspricht.
Sinkende Passagierzahlen
Die Zahlen der Statistik Austria zeigen: 2008 wurden um 5,3 Prozent weniger Businessflieger gezählt. Dennoch ist dieses Geschäftsfeld für die Betreiber lukrativ: Im Fall von Netjets kaufen Privatpersonen oder Unternehmen Anteile an einem privaten Businessjet zu einem Bruchteil der Kosten eines eigenen Privatjets. Im Gegenzug wird die Verfügbarkeit des Jets innerhalb von zehn Stunden an 365 Tagen im Jahr garantiert. Eine Flugstunde kostet etwa bei Netjets rund 5000 € und ist von der Steuer absetzbar.
Buffett macht damit auch der Jetalliance Konkurrenz, dem Platzhirschen in der Businessfliegerei. Die Motive Buffetts liegen für Jetalliance-Boss Lukas Lichtner-Hoyer auf der Hand: "Wir liegen an der historischen Ostgrenze", verweist er auf das Marktpotenzial in Osteuropa. "Für Russland stehen zirka 300 Businessjets bei einem Markt von 150 Millionen Menschen bereit." Zum Vergleich: In Europa fliegen 3500 Maschinen bei 500 Millionen Einwohnern. In den USA sind 13.000 Jets bei einem Markt von 300 Millionen Menschen abflugbereit.
Hohe Investitionen
Derzeit befindet sich die Branche noch im Tiefflug. "Unser Geschäft geht mit den Erwartungen am Kapitalmarkt mit. Wird weniger investiert, wird auch weniger geflogen", so Lichtner-Hoyer. Österreichs Status als Dorado für Geschäftsflieger bleibt einer Studie von Price Waterhouse Coopers zufolge dennoch erhalten: Das gesamte Investitionsvolumen beträgt 1,2 Milliarden €, der Branchenumsatz liegt bei rund 1,1 Milliarden €. Bis zu 250 Flugzeuge tummeln sich auf Österreichs Flugpisten, das ist die fünftgrößte Businessflotte in Europa."
"Warren Buffett ist mit seiner Business-Airline Netjets nun auch in Österreich gelandet. "Der US-Markt ist gesättigt und das Wachstumspotenzial in Europa ungleich größer", sagt Netjets-Chef Graeme Weston und erklärt damit auch den Eintritt in den österreichischen Markt.
Zum Hintergrund: Über seinen Fonds Berkshire Hathaway hat Buffett die Fluglinie 1998 für umgerechnet 487 Millionen € erworben. Allein für die Expansion nach Europa hat der Mogul noch einmal 480 Millionen € für neues Fluggerät in die Hand genommen. Mit Stand 2008 zählte die Netjets-Flotte in Europa bereits 174 Flugzeuge. Bis Ende 2009 werden für Netjets krisenbedingt nur noch 160 Maschinen unterwegs sein, was einem Marktwert von 665 Millionen € entspricht.
Sinkende Passagierzahlen
Die Zahlen der Statistik Austria zeigen: 2008 wurden um 5,3 Prozent weniger Businessflieger gezählt. Dennoch ist dieses Geschäftsfeld für die Betreiber lukrativ: Im Fall von Netjets kaufen Privatpersonen oder Unternehmen Anteile an einem privaten Businessjet zu einem Bruchteil der Kosten eines eigenen Privatjets. Im Gegenzug wird die Verfügbarkeit des Jets innerhalb von zehn Stunden an 365 Tagen im Jahr garantiert. Eine Flugstunde kostet etwa bei Netjets rund 5000 € und ist von der Steuer absetzbar.
Buffett macht damit auch der Jetalliance Konkurrenz, dem Platzhirschen in der Businessfliegerei. Die Motive Buffetts liegen für Jetalliance-Boss Lukas Lichtner-Hoyer auf der Hand: "Wir liegen an der historischen Ostgrenze", verweist er auf das Marktpotenzial in Osteuropa. "Für Russland stehen zirka 300 Businessjets bei einem Markt von 150 Millionen Menschen bereit." Zum Vergleich: In Europa fliegen 3500 Maschinen bei 500 Millionen Einwohnern. In den USA sind 13.000 Jets bei einem Markt von 300 Millionen Menschen abflugbereit.
Hohe Investitionen
Derzeit befindet sich die Branche noch im Tiefflug. "Unser Geschäft geht mit den Erwartungen am Kapitalmarkt mit. Wird weniger investiert, wird auch weniger geflogen", so Lichtner-Hoyer. Österreichs Status als Dorado für Geschäftsflieger bleibt einer Studie von Price Waterhouse Coopers zufolge dennoch erhalten: Das gesamte Investitionsvolumen beträgt 1,2 Milliarden €, der Branchenumsatz liegt bei rund 1,1 Milliarden €. Bis zu 250 Flugzeuge tummeln sich auf Österreichs Flugpisten, das ist die fünftgrößte Businessflotte in Europa."
Join Date: Nov 2007
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the future
I have a dıfferent opınıon and I do not want to offend wıth gross generalısatıons but you cannot compare cultures.
I was once chastısed somehwere ın Swıtzerland for leavıng my car ıdlıng to keep ıt warm!
When Amerıcans get out of the suburban sprawls and move to cıty apartments.....get out of theır SUVs and start usıng mass transport or drıvıng cars wıth 1 lıtre engınes or even walkıng or rıdıng: and lıkewıse when Europeans do the converse then you mıght valıdly compare the US market to Europe.
Perhaps the consumptıon culture ıs comıng to Europe but ıt ıs currently a lıttle more dıscreet here. There are natıons where the oldest generatıons lıved through the deepest prıvatıons of war and excesses are stıll frowned on.
It ıs an ındustry I love but I thınk that wıth the current focus on GW the future ıs not brıght for a hıgh emıssıon ındustry that provıdes lıttle return for socıety.
Rather beıng a Dorado I would say prıvate jet avıatıon ın Europe has a future sımılar to that of a Dodo havıng seen ıts fırst human beıng.
Untıl humanıty dıscovers an alternate source of fuel..
I was once chastısed somehwere ın Swıtzerland for leavıng my car ıdlıng to keep ıt warm!
When Amerıcans get out of the suburban sprawls and move to cıty apartments.....get out of theır SUVs and start usıng mass transport or drıvıng cars wıth 1 lıtre engınes or even walkıng or rıdıng: and lıkewıse when Europeans do the converse then you mıght valıdly compare the US market to Europe.
Perhaps the consumptıon culture ıs comıng to Europe but ıt ıs currently a lıttle more dıscreet here. There are natıons where the oldest generatıons lıved through the deepest prıvatıons of war and excesses are stıll frowned on.
It ıs an ındustry I love but I thınk that wıth the current focus on GW the future ıs not brıght for a hıgh emıssıon ındustry that provıdes lıttle return for socıety.
Rather beıng a Dorado I would say prıvate jet avıatıon ın Europe has a future sımılar to that of a Dodo havıng seen ıts fırst human beıng.
Untıl humanıty dıscovers an alternate source of fuel..
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@southcoast: You won the war. An honest THANK YOU for that, I dislike walking in cadence. (No sarcasm, honestly!)
Just for you:
---
Warren Buffett has finally landed in Austria with his Business Airline.
"The US market is saturated and the growth potential in Europa is unequally higher", says Netjets Boss Graeme Weston to explain the entry into the austrian market.
The background: Buffett bought the Airline in 1998 through his Fonds Company Berkshire Hathaway for 487 Mio Euro.
The business expansion to Europa cost him some 480 Mio Euro more for new airplanes.
In 2008 the NetJets fleet in Europe amassed 174 airplanes.
Due to the crisis, there'll be only 160 planes active in 2009, that's market share of 665 Mio Euro.
Less passengers
The austrian statistics show: There were 5.3 percent less flights in business jets in 2008. Nonetheless this market is still lucrative for the operators: Netjets is based on private persons or businesses buying shares of a business jet at a fracture of the cost of a dedicated airplane.
Netjets guarantees availability of hthe jet for ten hours in 365 days around the year.
One flight hour costs about 5000 Euro with Netjets and is tax deductible.
Buffett is rivalling Jetalliance, Austria's top bull in the business jet market.
For Jetalliance's boss Lukas Lichtner-Hoyer Buffets motives seem obvious: "We're positioned at a historical eastern frontier", he says, addressing the market potential of Eastern Europe, "There are about 300 business jets in Russia for 150 Mio people". For comparison: there are 3500 airplanes in Europe for about 500 Mio people. In the US there are 13.000 jets for 300 Mio people ready for departure.
Lage scale investment
At the moment, the market is still at its low. "Our business correlates with the capital market. Less investment means less flight activity, says Lichtner-Hoyer. Austria's status as an El Dorado for business flyers stays valid according to a study of Price Waterhouse Coopers: the total volume of investment is 1.2 billion Euro, the segments total turnover is at about 1.1 billion Euro. There are up to 250 airplanes on Austria's runways, that's the fifth largest business fleet in Europe.
---
I'm not a translator, just a Kraut. Sorry for mistakes.
btw, my all time favorite...
EDDF ground to a US Carrier lost while taxiing: "Haven't you been to Frankfurt before?"
US Carrier: "I have, in 1944, but I didn't land!"
Regards,
Peter
Just for you:
---
Warren Buffett has finally landed in Austria with his Business Airline.
"The US market is saturated and the growth potential in Europa is unequally higher", says Netjets Boss Graeme Weston to explain the entry into the austrian market.
The background: Buffett bought the Airline in 1998 through his Fonds Company Berkshire Hathaway for 487 Mio Euro.
The business expansion to Europa cost him some 480 Mio Euro more for new airplanes.
In 2008 the NetJets fleet in Europe amassed 174 airplanes.
Due to the crisis, there'll be only 160 planes active in 2009, that's market share of 665 Mio Euro.
Less passengers
The austrian statistics show: There were 5.3 percent less flights in business jets in 2008. Nonetheless this market is still lucrative for the operators: Netjets is based on private persons or businesses buying shares of a business jet at a fracture of the cost of a dedicated airplane.
Netjets guarantees availability of hthe jet for ten hours in 365 days around the year.
One flight hour costs about 5000 Euro with Netjets and is tax deductible.
Buffett is rivalling Jetalliance, Austria's top bull in the business jet market.
For Jetalliance's boss Lukas Lichtner-Hoyer Buffets motives seem obvious: "We're positioned at a historical eastern frontier", he says, addressing the market potential of Eastern Europe, "There are about 300 business jets in Russia for 150 Mio people". For comparison: there are 3500 airplanes in Europe for about 500 Mio people. In the US there are 13.000 jets for 300 Mio people ready for departure.
Lage scale investment
At the moment, the market is still at its low. "Our business correlates with the capital market. Less investment means less flight activity, says Lichtner-Hoyer. Austria's status as an El Dorado for business flyers stays valid according to a study of Price Waterhouse Coopers: the total volume of investment is 1.2 billion Euro, the segments total turnover is at about 1.1 billion Euro. There are up to 250 airplanes on Austria's runways, that's the fifth largest business fleet in Europe.
---
I'm not a translator, just a Kraut. Sorry for mistakes.
btw, my all time favorite...
EDDF ground to a US Carrier lost while taxiing: "Haven't you been to Frankfurt before?"
US Carrier: "I have, in 1944, but I didn't land!"
Regards,
Peter
