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Textron Hemisphere Delayed (Netjets Order)

Old 07-18-2019, 09:15 AM
  #11  
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Originally Posted by G550Guy View Post
Well said jtf560....

NetJets burned their bridge with Gulfstream back in 2009, then ran over it again in 2012 and finally nuked it in 2015/16.

Sure, money talks... but that relationship was utterly destroyed when Richard left the company. NetJets owned 99.99% of the global large cabin fractional business in 2005. They squandered and lost it, and will never see it come back. Too many competitors are firmly entrenched in the market now.

You snooze, you loose.


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That is exactly why NetJets desperately needs the Hemisphere or similar. They know they blew the large cabin and need a new hero machine that could capture a hunk of it back while growing long range on a cheaper scale at the same time with lots of customers who can't afford a Gulftream or Global. It must have been a brutal disappoint at Bridgeway when they realized their possible savior is still just a wet dream. Oh well, I just hope management doesn't kill the company before I can retire.

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Old 07-18-2019, 09:17 AM
  #12  
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Originally Posted by Retractable View Post
Global 7500 is more of a G650 entrant. New market for NetJets.
Agreed, however my point is they are slowly disposing G’s, so it will be a wash in terms of net airframes.
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Old 07-18-2019, 08:31 PM
  #13  
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I’ve reached the point where I care a little less every day. The Executive Suite at CMH choked the large cabin segment so bad that I don’t think it can ever recover, Hemisphere or not (although I think the Hemi would have done well).

Story is that our NUMBER 1 Global customer, a loyal NetJets guy to the core, is going to buy a G650 for himself although the corporate minions will still ride with us. The fact that we finally ****ed off a VERY nice, patient, understanding, and successful Titan of Tech is proof positive of exactly the folly that JTF described.

Gee, let’s waste Global and Gulfstream legs on Phenom upgrades so the airplane can crap out when our most lucrative customers need it. Genius.

It’s still a dumpster fire folks. It’s just that they cancelled the third alarm at the FD.
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Old 07-19-2019, 09:42 AM
  #14  
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Well...

That’s a very emotional opinion.
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Old 07-19-2019, 04:32 PM
  #15  
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Well....

The company HAS given away an overwhelming business advantage in the large cabin segment.

One of our largest Global customers is leaving for his own G650 (the plane he always wanted and was talked out of in favor of an NJ Global five years ago).

And I have personally flown small fleet upgrades in the Gulfstream for 20 years, burning those precious “flights between breaks” on those customers instead of servicing the high dollar clients that pay the most and INFLUENCE potential customers the most.

Dumpster fire may be a bit of hyperbole, but the above are FACTS, not emotion.
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Old 07-19-2019, 06:59 PM
  #16  
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GeeWiz is 100%... completely correct. Facts don’t lie.

In 1995, NetJets entered the large cabin arena with 2 GIVs. Ten years later in 2005 they had cornered the market with over 40 Gulfstreams and had pioneered worldwide operations with a safety record second to none.

The old FlexJet Bombardier outfit had a handful of Challenger 600s and that was it. VistaJet didn’t exist, and Gulfstream refused to sell their planes to NetJets competitors. So yeah... they OWNED the worldwide market.

Another 10 years go by and it’s 2015... well, no need to kick a dead horse. We all know what happened.

Richard Santulli would have NEVER allowed the decay and market loss of the marque piece of his company. He would have never severed the relationship with Gulfstream the way Sokol and Handsel did. Those 2 men “almost” single handedly destroyed NetJets. Labor had nothing to do with it, and the decisions being made in CMH were shortsighted and arrogant.

It is what it is... NetJets will never recover that market, it’s gone.


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Old 07-19-2019, 07:32 PM
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Originally Posted by G550Guy View Post
GeeWiz is 100%... completely correct. Facts don’t lie.

In 1995, NetJets entered the large cabin arena with 2 GIVs. Ten years later in 2005 they had cornered the market with over 40 Gulfstreams and had pioneered worldwide operations with a safety record second to none.

The old FlexJet Bombardier outfit had a handful of Challenger 600s and that was it. VistaJet didn’t exist, and Gulfstream refused to sell their planes to NetJets competitors. So yeah... they OWNED the worldwide market.

Another 10 years go by and it’s 2015... well, no need to kick a dead horse. We all know what happened.

Richard Santulli would have NEVER allowed the decay and market loss of the marque piece of his company. He would have never severed the relationship with Gulfstream the way Sokol and Handsel did. Those 2 men “almost” single handedly destroyed NetJets. Labor had nothing to do with it, and the decisions being made in CMH were shortsighted and arrogant.

It is what it is... NetJets will never recover that market, it’s gone.


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The NetJets business model for the last 5 years is solely relying on FlexJet going out of business. No innovation, refusal to give owners what they actually want and have been asking for, and completely relinquishing the large cabin market because of their bad decisions in the past. And it is all in hopes that Flex goes under so their owners have no choice but to come to NJA.

If owners want a Gulfstream, they go somewhere else, period. NetJets made that choice and it will forever haunt them.
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Old 07-20-2019, 05:50 AM
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How many G650s does flexjets have, 3? Sure nj is bleeding market to them. Lol....
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Old 07-20-2019, 08:29 AM
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Originally Posted by Fredturbo View Post
How many G650s does flexjets have, 3? Sure nj is bleeding market to them. Lol....
Well that’s just it.

The large cabin market is the easiest to get into from a risk/reward stance for any entrant. Additionally, nobody appears to be “killing it” in the large cabin segment already defined by Gulfstream and Global and associated costs/revenue models. There are “discount options” available, those who have a much different safety footprint than we do that operate the same Gulfstreams. Customers have a choice and you get what you pay for. Vista’s latest spectacle out in BFI of a fully loaded Global taking off VFR and trying to game the system for an IFR Oceanic clearance airborne while under Class B and in the traffic pattern is a great example, and just one of many that could be cited.

Delta or Allegiant is a similar choice for airline customers.

Hemisphere represented a bold effort to examine the possibility of operating another (new) machine that would allow for operation into that large cabin segment with different economics that were good for NJA and program Owners.

Is it dead? Sure. And it’s one announcement away from being activated again. Textron and NJA know what the aircraft will do if Safron gets its ducks in a row.

Until then... other plans continue. The competitive pressure NJA exerts on the market continues. The same game of high stakes poker with many at the same table holding unsustainable wagers and hand of cards that won’t win ultimately continues. The poker stares are quite impressive.

NJA is adding light, midsize and super midsize Jets at a growth clip. Large Cabin jets are being added at a slower clip but the market is as stable as the market is stable. Fleet count for the US while changing out dozens upon dozens of old, high time jets is NETting increases headed for 500 gets, 460 this year.

Financial performance has never been so good. Sell offs are minimal, maintenance costs are more focused, fatigue and DNIF are far fewer, pilots are filling their 401Ks.



Why wasn’t this possible when we had 70 Gulfstreams? If anything, we probably had too many for them for the market to support in our colors. We had market share... but we saturated the market. NJA operates on a much different and more responsible business model today.

It’s just interesting to read such differing opinions. Ask the majority of those at NJA, the future is bright, things are great. Ask a former employee or current Gulfstream pilot and things are bleak, destitute and depressing.

It’s time to embrace a new aircraft or simply enjoy the new company you left for I think. Although I do appreciate reading everyone’s input, some of it just doesn’t correlate with what’s happening for the majority of NJA pilots and the companies trajectory in the industry.

All perfect? Hardly. Plenty to be proud and thankful for? Absolutely.

Last edited by Retractable; 07-20-2019 at 08:44 AM.
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Old 07-20-2019, 09:02 AM
  #20  
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NJI topped out at 55 Gulfstreams. And NJI was killing it. Our pilot to jet ratio was far lower than NJA and we OPERATED at a profit. Something NJA had never done until after integration.

Was NJI perfect? Not even close. But RJS OWNED that market. It’s been in decline ever since he slammed the door in the face of the Ogre.

I would have loved to see the Hemi. And we may yet. It would be good for the company and the pilots.

But to ignore the multiple, ongoing, strategic mistakes being made by this management team is whistling past the graveyard. They rocked it with the IBI. Well played and bully for them. But pardon me if I don’t wave pom poms and sing kumbaya around the campfire just yet.
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