17 firm G700 orders for Flexjet
#21
Banned
Joined APC: Sep 2018
Posts: 378
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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Your math is off. NJA has almost 70 GLC air frames in service... just in the US.
#23
Gets Weekends Off
Joined APC: May 2006
Posts: 1,024
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#24
Banned
Joined APC: Sep 2018
Posts: 378
20 Gulfstreams at NJA. That will shrink to 0 at some point. Nobody knows when that will be. Flex will get more Gs while NJA gets none. NJA continues to push back the 7500 and has how many Globals? How much growth at NJA large cabin are ypu thinking is actually happening? Maybe one more 6000 this year. How many Challenged 650 are on the books now? Maybe 20 at the end of the year. 20 Gs + maybe 26 Globals + maybe 20 Challenged 650s is less than 70. You're the one whose math is off. I work for NJA, but I am not delusional. I accept that management has messed up the large cabin monopoly and now will be lucky to avoid any more shrinkage. At least the small cabins make money and can hopefully support the company going forward.
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At the heyday, NJI had a larger number of GLC Gulfstreams than it does now BUT, now NJE has its own independent fleet of GLC frames that make the same number of crossings that the stand alone NJI fleet used to make independently.
A now smaller NJA fleet of large cabin is completely logical give the the fact the same flying is being done by two separately based fleets of GLC in the US and in Europe.
CL650s stand at 20 and I believe you’ll see that number increase significantly given the fact that the engines wiffled on the Hemisphere and NJA took a pass on them. The CL650 will work for now. Look for more bids in coming months as the CL650 fleet expands... 10 PIC bids went out in the last few months awaiting additional frames to start arriving. If Textron coaxes Safran to fix the power plant issues, Hemisphere will be a nice addition... until then, we’ve waited long enough to fill that market.
In the meantime... 66 GLC domestic is 66 GLC frames domestic. Europe has its Gulfstreams too... 10 or so. The numbers don’t lie even though you may choose to look at them differently.
Again, the Frax GLC market is down double digit% in recent years. Nobody can make big money spend money where they won’t and they just aren’t spending their money on large gauge jets right now. The market, not NJA specifically. I have no clue how Flex would profitably sell and operate GLC airplanes in spite of this fact... except at a loss and even still at employee expense. Their Europe adventure (like their first) will likely conclude the same way... but welcome to the pool! The water is warm.
It’s a fun show to watch but at the end of the day, if the market is down, it’s down for everyone. Like a master warning going off in the cockpit... some pilots freak out and start pushing random buttons. Some follow procedure by accomplishing memory items, following checklists and making decisions.
Management teams are similar it seems.
#26
Speed, Power, Accuracy
Joined APC: Sep 2007
Position: PIC
Posts: 1,699
Yep. Once again, Retract talking out his arse.
We could have brought them to our certificate but the company decided the million dollar tab to make each of them US compliant was too steep. So they sold most of them to a rather large casino operator for a song.
Morons...
We could have brought them to our certificate but the company decided the million dollar tab to make each of them US compliant was too steep. So they sold most of them to a rather large casino operator for a song.
Morons...
#27
Banned
Joined APC: Sep 2018
Posts: 378
#28
Speed, Power, Accuracy
Joined APC: Sep 2007
Position: PIC
Posts: 1,699
And yes, they are down to one. Have been for a while.
Stop drinking the Flav-Or-Aid and realize our management is a very large bag of dull tools.
#29
Banned
Joined APC: Sep 2018
Posts: 378
There’s no way that I’ll let you taint Mr. Burgundy’s words here in these hallowed halls.
https://youtu.be/oWxzd_UUCrM
#30
Gets Weekends Off
Joined APC: Feb 2006
Position: C47 PIC/747-400 SIC
Posts: 2,100
Ok I’m going to dip my oar in briefly, speaking as a once furloughed guy, who was hired when Santulli was riding high , and returned after his successors immolated, both you gentlemen paint an unrealistic picture, Retractable on the plus side, and GEEWHIZ , really , really , on the negative side. There are still issues that need to be worked out, obviously, but since I returned in 2015,this has never been a better place to work than it is now, we have a good union, and management seems to be making the right moves ( we are , and have been extremely profitable) , life on tour at least in the mighty XL has markedly improved along with a sense that we are supported by CMH on the road. Compensation,Hotels, Food, Retirement? yes, we have work to do, in the meantime this is a decent job, with interesting flying , good benefits, a strong union that has our backs, with a management team that is not antagonistic to us, but seems to want to pull together with us going forward. I will never drink the koolaid ever again, but as of October 2019, this place is leagues ahead of where it was October 2015, and most of the peeps I fly with feel the same way. A utopia ? Better than 121 ? Nope, and that’s an apples, and oranges thing, but right now it is a very good job , GODS grace it will get even better when issues like retirement are tackled going forward. End of rave.
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