NetJets

NetJets Aviation Inc. NetJets Europe
IATA code :	1I
ICAO code :	EJA (USA) NJE (Portugal) NEJ (China)
Call sign :	EXECJET (USA) FRACTION (Portugal) NET BUSINESS (China)
Founding:	1964
Seat:	Columbus (Ohio) , United States  Paço de Arcos , Portugal   People's Republic of China
Home airport :	* Port Columbus International Airport (USA) Humberto Delgado Airport Lisbon (Portugal) Zhuhai Jinwan Airport (China)
Company form:	Corporation
Management:	Adam Johnson ( Chairman and CEO )
Fleet size:	> 160 (+ <500 orders)
Aims:	international
Website:	www.netjets.com

NetJets is the joint branding of three legally independent companies that rent business jets and, in some cases, also market stakes in these aircraft. The companies are NetJets Aviation (formerly Executive Jet Aviation ) based in the USA , NetJets Europe (formerly NetJets Transportes Aéreos ) based in Portugal and NetJets Business Aviation in China .

NetJets Aviation

The US company emerged from Executive Jet Aviation , which was founded in 1964 . In 1986 Executive Jet Aviation founded a subsidiary through which investors could participate proportionally in the purchase of business aircraft (fractional ownership). Richard Santulli, the head of the company at the time, had the idea to buy shares in aircraft. It was the first project of its kind in the world. In 1998, Executive Jet Aviation was bought by Warren Buffett and is now part of Berkshire Hathaway .

In June 2012 it was announced that NetJets had ordered a total of 425 machines from the manufacturers Bombardier and Cessna . 100 machines are firmly ordered from Bombardier and a further 175 have a purchase option. 25 machines are firmly ordered from Cessna, with an option for another 125. The estimated total volume of the orders is around 9.6 billion euros.

NetJets Europe

The company NetJets Europe is the largest European commercial airline. The head office is in Paço de Arcos near Lisbon . The company was founded in 1996 in cooperation with the Portuguese entrepreneur Paulo Mipuri as an initially dependent division of his airline Air Luxor . Initially, Air Luxor carried out business aviation under the NetJets Europe brand identity with leased Cessna 500 Citation , Cessna S550 Citation II and Dassault Falcon 20 E aircraft, stationing individual aircraft at Exeter (Great Britain) and Paris-Le Bourget (France) airports . Air Luxor relocated further aircraft, which were also used under the NetJets Europe brand , to London-Luton and Macau (then a Portuguese colony) in the following year . In the course of a restructuring, the company NetJets - Transportes Aéreos (still NetJets Europe under the brand identity ) emerged from the business flight division of Air Luxor in 2001 , which at the same time received its own Air Operator Certificate .

From April 2005 led NetJets Europe for the product Lufthansa Private Jet of Lufthansa by both feeder flights for the Main Line and point-to-point connections. The cooperation agreement ended in February 2008. However, the flights have not been operated by NetJets Europe since mid-December 2007. However, there has been a cooperation with Lufthansa again for some time.

In 2006, NetJets Europe generated sales of around half a billion euros. This meant a positive balance for the airline for the first time. Around a quarter of the largest public companies in Europe were among the approximately 1,300 customers. 62,000 flights were completed (+ 33% compared to the previous year). For 2007, an increase of 60 to 70% was expected in Germany. In addition, the fleet should grow from 114 to 138 machines in 2007.

With the introduction of the Dassault Falcon 7X in the 4th quarter of 2008, the architect Norman Foster developed a new design for the interior and exterior of the aircraft. This new idea should be applied to the entire NetJets Europe fleet over the next 2-3 years and existing aircraft adapted. The new design in the form of a Zorro mask, which extends from the cockpit to the stern, was seen for the first time on a new Hawker 750, which was presented to the NetJets owners in Paris in August 2008. Immediately afterwards, a Cessna Citation XLS with new colors was added to the fleet. The "mask" on the Small and Medium Cabin Fleet is dark gray, the Hawker 4000 is light sand gray, and the large Cabin Fleet is dark blue.

In March 2009 NetJets acquired 80 percent of the shares in Hessische Flugplatz GmbH Egelsbach , the operating company of the Frankfurt-Egelsbach airfield in the Offenbach district ( Hesse ). The aim was a complete takeover, but two of the five previous owners (the municipality of Egelsbach and the city of Langen ) were not allowed to sell after a referendum and a decision by the Hessian Administrative Court in Kassel .

Due to the poor economic situation, NetJets Europe reduced its workforce by 128 flight captains as of November 2012.

fleet

A Raytheon Hawker 800XPC from the NetJets

As of February 2017, the NetJets Europe fleet consists of 100 aircraft of the following types:

• Bombardier Challenger 350
• Bombardier Global 6000
• Cessna Citation Latitude
• Dassault Falcon 2000 / 2000EX
• Embraer Phenom 300
• Gulfstream G550

NetJets also offers the use of the following larger business aircraft within the group through NetJets International Inc. (NJI):

• Boeing BBJ
• Gulfstream GIV-SP
• Gulfstream G450
• Gulfstream G500
• Gulfstream G550

Orders

• 125 Embraer Phenom 300 (+ 75 options)
• 30 Bombardier Global Family 5000 Vision / Global Express XRS Vision
• 20 Bombardier Global 7000/8000 (+ 70 options)
• up to 323 Cessnas (October 2018)

See also

• List of airlines
• Business aviation

Web links

Commons : NetJets  - collection of pictures, videos and audio files

• NetJets website of the (English)
• Company profile , Manager Magazin, July 25, 2003
• Flora Wisdorff: Überflieger , Der Tagesspiegel from January 18, 2006

Individual evidence

1. ↑ NetJets: Executive Bios (English), accessed November 28, 2016
2. ↑ " Warren Likes Risk, " Manager Magazin, March 25, 2003
3. ↑ Gigantic order - Buffett orders aircraft for ten billion dollars , Spiegel Online, June 12, 2012
4. ↑ JP airline-fleets international, Edition 96/97
5. ↑ JP airline-fleets international, Edition 97/98
6. ↑ JP airline-fleets international, Edition 2002/03
7. ↑ “ Lufthansa: Private jet flights secured despite withdrawal from NetJets ” , aero.de, December 15, 2007
8. ↑ Press release of the Lufthansa Group of March 9, 2011 ( memento of the original of July 21, 2015 in the Internet Archive ) Info: The archive link has been inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. , accessed July 17, 2015 
9. ^ " NetJets Europe is in the black " , airliners.de, March 5, 2007
10. ↑ " Clear majority for airfield sale " , Offenbach-Post online, March 25, 2009
11. ↑ Press release VGH Kassel: " Resolution on the sale of HRA shares still prohibited "
12. ↑ " Statement from NetJets FleetChief to their skippers "
13. ↑ NetJets Europe - Your Fleet ( Memento of the original from July 22, 2015 in the Internet Archive ) Info: The archive link was automatically inserted and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. , accessed February 20, 2017 
14. ↑ Netjets delights Textron with a major order. AeroTelegraph, October 16, 2018.