Thread: Netjets Letter
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Old 09-01-2008, 01:00 PM
  #78  
NJA Capt
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Originally Posted by 757upspilot View Post
The government attention is more along the lines of the TSA and Homeland security.

You aren't big enough to attract the cutthroat competition, when you are it will limit your growth.

UPS was moving airfreight in the 30's

500 more a/c, that depends on what you call an a/c.

Your total fleet value and gross and net revenue last year?
Don't shoot the messenger, it came from the UPS website:
In 1988, UPS received authorization from the Federal Aviation Administration (FAA) to operate its own aircraft, thereby officially becoming an airline. UPS: 1981-1990

TSA and DHS are already involved, and yes we receive all necessary TSA training and perform required pilot/pax screening.

The competition doesn't limit our growth. Two things limit the fractional market. The number of people who can afford the service (market barely scratched), and the infrastructure to support such large fleets. In a nutshell, there isn't enough FBO ramp space to support a fleet beyond a given size. Unless NJA starts buying airports, we will run out of ramp before we run out of available buyers.

Fleet revenue? Big secret, but comfortably into the Billions. The latest a/c purchase was

30 Falcons at +$1 Billion.http://www.dassault-aviation.com/fil...E_May_2008.pdf

and

40 Gulfstreams at $1.9 Billion NetJets Inc. ® Signs $1.9 Billion Deal with Gulfstream; Company to Add Additional G450s and G550s to Its Fleet | Business Wire | Find Articles at BNET

and

96 Citation aircraft totaling more than $1 billion Textron's Cessna Books NetJets Order Totaling More Than $1 Billion | Business Wire | Find Articles at BNET

Last edited by NJA Capt; 09-01-2008 at 01:08 PM.
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