17 firm G700 orders for Flexjet
10-24-2019, 07:13 PM
#11
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Joined APC: Mar 2019
Position: Phenom driver
Posts: 147
Originally Posted by GeeWizDriver
No, their management heads are firmly rooted in a location that doesn't allow them to see what's going on.
10-25-2019, 03:06 AM
#13
Banned
Joined APC: Sep 2018
Posts: 378
Originally Posted by Shenzi105
How many G's did FXJ have on property from the last order of 50?? ha ha ha. Too funny.
Take delivery of all 50 if desired... the 650 certainly hasn’t been a hot seller or they’d of bought far more.
But it sounds sensational in the news.
10-25-2019, 09:08 AM
#14
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Joined APC: May 2006
Posts: 1,022
They have almost as many Gulfstreams as NetJets now. They are growing their large cabin. NetJets is shrinking large cabin. I see that as good for Flex and bad for NetJets. NetJets has also rarely taken full orders. If a recession comes along and buries Flex, I would be very surprised. NetJets management is pretty entrenched in that idea for how to combat large cabin competition. They let the competition in and let them grow and will now have to accept that the money machine that they had is now winnowing away. At least they have greatly improved the profit on the small cabin side.
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10-25-2019, 10:48 AM
#15
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Joined APC: Mar 2011
Position: Bizjet Captain
Posts: 251
Originally Posted by jtf560
They have almost as many Gulfstreams as NetJets now. They are growing their large cabin. NetJets is shrinking large cabin. I see that as good for Flex and bad for NetJets. NetJets has also rarely taken full orders. If a recession comes along and buries Flex, I would be very surprised. NetJets management is pretty entrenched in that idea for how to combat large cabin competition. They let the competition in and let them grow and will now have to accept that the money machine that they had is now winnowing away. At least they have greatly improved the profit on the small cabin side.
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Netjets' Gulfstream fleet is shrinking because the Global fleet is growing.
Having said that, I agree that the recent Flex orders are better airplanes than their NJ equivalents. The mid and super-mid Embraers are "real airplanes" compared to a Latitude and the current big Gulftstreams are more impressive than a G6000. We will see how the 7500 turns out.
10-25-2019, 04:00 PM
#16
Speed, Power, Accuracy
Joined APC: Sep 2007
Position: PIC
Posts: 1,699
The Gulfstream fleet at NetJets has been steady at 20 airframes for almost two years now. The retirement plan is a moving target and depends on who you talk to in the Brain Trust and on what day of the week.
We haven’t ceded our best and most profitable customers to Flex (well, okay, a few), we have lost most of them to whole ownership because of the neglect and incompetence of CMH. Vista has nibbled away as well.
At this point, I hope we DON’T buy new Gulfstream models. For a LOT of reasons. I just hope management is as wrong about the retirement date of the 450/550 as they were about the G-IV. If so, a lot of us can retire off this fleet.
We haven’t ceded our best and most profitable customers to Flex (well, okay, a few), we have lost most of them to whole ownership because of the neglect and incompetence of CMH. Vista has nibbled away as well.
At this point, I hope we DON’T buy new Gulfstream models. For a LOT of reasons. I just hope management is as wrong about the retirement date of the 450/550 as they were about the G-IV. If so, a lot of us can retire off this fleet.
10-25-2019, 04:45 PM
#17
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Joined APC: Mar 2019
Position: Phenom driver
Posts: 147
Originally Posted by GeeWizDriver
We haven’t ceded our best and most profitable customers to Flex (well, okay, a few)
10-25-2019, 05:21 PM
#18
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Joined APC: Sep 2007
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Posts: 1,699
Originally Posted by Shenzi105
Didn't you just got a large customer back, after their short vacation at FXJ?
10-25-2019, 05:30 PM
#19
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Joined APC: May 2006
Posts: 1,022
Originally Posted by GeeWizDriver
Haven't heard about that one but we have lost one of our top 5 clients to his own G-650, primarily because of CMH incompetence. His minions still fly with us (just did one yesterday) but his personal flying will now be on his own jet. THAT is the true threat to the business.
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10-26-2019, 08:23 AM
#20
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Joined APC: Sep 2007
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Posts: 1,699
Originally Posted by jtf560
We have lost at least one other to their own G650.
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