Netjets CEO on CNBC

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11-29-2012, 05:48 AM

satpak77

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Netjets CEO on CNBC

NetJets Debuts New 6000 Series Aircraft - CNBC

Takeaway

- New Global 6000s will replace G-4's and G-5's

- "better aircraft" than G-5 (I assume he means from passenger/client point of view...)

- NetJets Card not part of Global program

- Company is making money/profitable

- they will be "purchased" not leased

11-29-2012, 06:12 AM

wmuflyboy

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Not profitable enough to bring back all those furloughs though...

11-29-2012, 07:04 AM

UCLAbruins

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According to flightaware.com, the Global landed in Columbus last night (N160QS).

The company is profitable, maybe a bit short of our targets, but in the black

As for the Global being better than the G-V,well who knows. I've taken off out of a 6000ft runway in California and flown all the way to Istanbul. Looks like the Global 6000 will be capable of that as well, so... We're comparing a Lamborghini to a ferrari

12-08-2012, 07:30 AM

jtf560

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Quote:

Originally Posted by wmuflyboy

Not profitable enough to bring back all those furloughs though...

The company has paid back well over $1,000,000,000 in debt and made over $200,000,000 in profit a year on top of this since the furloughs. They are profitable enough to bring back all the furloughed pilots and pretty much double all of our salaries and still make a profit. However, the amount of flying that we have doesn't require any of the furloughed to accomplish it without a problem. I would love to see my brothers back on property, but it will be many moons before that happens.