Originally Posted by
G550Guy
GeeWiz is 100%... completely correct. Facts don’t lie.
In 1995, NetJets entered the large cabin arena with 2 GIVs. Ten years later in 2005 they had cornered the market with over 40 Gulfstreams and had pioneered worldwide operations with a safety record second to none.
The old FlexJet Bombardier outfit had a handful of Challenger 600s and that was it. VistaJet didn’t exist, and Gulfstream refused to sell their planes to NetJets competitors. So yeah... they OWNED the worldwide market.
Another 10 years go by and it’s 2015... well, no need to kick a dead horse. We all know what happened.
Richard Santulli would have NEVER allowed the decay and market loss of the marque piece of his company. He would have never severed the relationship with Gulfstream the way Sokol and Handsel did. Those 2 men “almost” single handedly destroyed NetJets. Labor had nothing to do with it, and the decisions being made in CMH were shortsighted and arrogant.
It is what it is... NetJets will never recover that market, it’s gone.
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The NetJets business model for the last 5 years is solely relying on FlexJet going out of business. No innovation, refusal to give owners what they actually want and have been asking for, and completely relinquishing the large cabin market because of their bad decisions in the past. And it is all in hopes that Flex goes under so their owners have no choice but to come to NJA.
If owners want a Gulfstream, they go somewhere else, period. NetJets made that choice and it will forever haunt them.