Originally Posted by
Bill Lumberg
Sounds like he is guessing - but that is a big decrease in aircraft. He's talking about a fleet roughly 1/3 the size of present day NetJets.
NetJets has too many airplanes to serve its customers
Nothing new here, that came out in official press releases.
"
...in Riegel’s view, should cut its fleet to around 170 airplanes versus the 500 it has now. "
For a person with Bombardier ties, I'm sure he wishes NetJets ruduced to 170 aircraft.
The NetJets® operating companies have a fleet of 856 aircraft, which is larger in size than the world’s second largest airline.
http://netjets.com/Learn_More/pdfs/N...Fast_Facts.pdf
Yes, NetJets/US has around 500 a/c.
People have been saying the "frax model is broken" for 23 years. Two stock market crashes and 9/11 had little effect. It took something as major as large scale banking failures to put a dent in NetJets. I'd say the model (ours) is pretty sound. In need of tweaking, maybe, but broken, no.