From the FT :


I rest my case, you lot are too biased and refuse to take off your rose-tinted spectacles !


Not sure I'd see it as a victory on your part. Rather that I decided to let you stew in your own biased juices. Big difference !

Oh, no........he's back spouting more jealous vitriol.

Mixture, you seem to have far too much time on your hands to be writing all this drivel!

I wonder why it is that the new Chief Exec. has ordered ALL 5 jets to be sold...

How are they going to get around Europe and the world now? Maybe.....airlines?

Charter........KISS!

Mixture,

Me biased? No. Informed? yes.

You on the other hand are basing all your arguments on what you read (or is it write? :E) in the gutter press.



I think you are in the wrong forum....

But how many people with the authorisation to use to the corporate jet are buyers from the Tesco purchasing department ?

You'd be surprised!

tesco Gulfstream
 

hi to all,
have been reading this thread with interest as im both a tesco worker and a fan of all things that fly.

the previous CEO purchased the gulfstream i believe with the intention of it being based in the far east as this was his big dream to break the chinese market so from that point of view the jet probably would have been justified

the new boss has told the people with the purse strings to sell the jet and i believe is happy to take a loss of the deal.

as for the rest of the fleet , i dont know which aircraft they operate but im told there isnt a lot of value in them

they are still using netjets to get around the UK and Ireland and into various locations in europe.

from a personal point of view i dont have a problem with companies owing private jets anymore than owing a fleet of limos to drive the top boys round,
as tesco are still a very profitable company who in turn employ over 300,000 people in the UK alone, but have to agree that it is one PR disaster after another at the moment with maybe more to come

I was told by a senior accountant at my previous German motor company employer, that the company Gulfstream was a "tax deductable tool" and therefore probably in the long run costs the company approx $0.00.
Tony

Citation,

who told you they are using Netjets?!

I think it is amazing to see in a thread by professionals from the industry there are so many ill informed people about what biz aviation can do but equally what the cost is....

No wonder that people in the boardroom get it wrong as even the drivers have no clue about their toys! :E

You'd assume that most of the users here might be pro business aviation and if a company turning over between £57-64 billion a year for the last five years, making between £2.6-4.1 billion in operating profit, can't justify a corporate jet (or two), then there's not much hope for us in a niche part of the aviation industry being beaten up everywhere we turn.

Give business aviation a break, please.

Agree :ok:

A company of that size, clearly, can justify a corporate aviation department and a (small) fleet.

However, a company that is under investigation for its accounting practices; appears to be losing market share at an alarming rate; has lost chief executives under "questionable" circumstances; is a company that can not appear to be "throwing money around indiscriminately".

The key word is appear.

Lemme see, the owner of NJ is Tesco's biggest non-bank shareholder....(only 2 years ago he was the biggest)


Duhhh.


As he has lost 700Mn on his holdings, the least they can do is throw some charter business his way........

@cldriver: good one !:ok:

I guess you have not yet understood that the nowadays operating profit margins have to be at least 2 digits. Thus we all should bring fuel and catering and be thankful and obedient for being allowed to breath the same air than the superior beings (the holy&devine industrial management folks) sitting in the back.

Irony mode off.

tesco Gulfstream
 

i was chatting to someone at head office about the jet and it was from that conversation i was told they use netjets regularly from london city to dublin,liverpool and into europe

Tesco's new G550 Registration
 

Do your research and you'll find that their company hawker and CJ operate their European flights, not NetJets.

Regardless who or where: they will be flying a lo less going forward :rolleyes:

GINFO Search Results Summary | Aircraft Register | Operations and Safety


It would be very odd that with 4 aircraft (well 3 I assume the old G5 has gone) based at Luton they would use NetJets to fly around

G-CGUL is a rather snazzy looking frame!

Such a shame that peoples jobs are going to be effected by all this…

Hope they all find something quickly when the end comes.