Has NetJets become a used aircraft broker?
Wit Netjets not receiving any new aircraft in the near future, all Netjets has to sell is previously owned aircraft being dumped by owners leaving the program.
There business model has changed completely and now resembles that of the Travel Air/Flight Options program. It did not succeed for them. Will it succeed for NetJets?
Current owners are furious at the resale price Netjets is offering (less 7% remarketing fee). The aircraft are clapped out 8000 hour Citations and 10,000 hour Gulfstreams that no one will touch in the outside market and Netjets is stuck trying to peddle them in house.
Buyers have gotten smart and will not be stung a second time. There is a reason all those NetJets airplanes are sitting on the ramps. It has as much to do with the business model as with the economy.