Textron Hemisphere Delayed (Netjets Order)
07-20-2019, 09:25 AM
#21
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Joined APC: Jun 2015
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Posts: 1,807
Originally Posted by Fredturbo
How many G650s does flexjets have, 3? Sure nj is bleeding market to them. Lol....
https://www.google.com/amp/s/www.ainonline.com/aviation-news/business-aviation/2015-11-17/flexjet-boosts-supersonic-bizjet-plan-aerion-as2-order%3famp
This will be the knock-out punch against Netjets at the high-end of the market.....
07-20-2019, 11:33 AM
#22
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Joined APC: Apr 2018
Posts: 53
Originally Posted by GeeWizDriver
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.
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.
So topped out at 55? Including the old GIVs that can’t get out of there own way compared to smaller equipment?
NetJets currently has 48 G450, V, 550, Global 5000 and 6000.
We also have 20 Challenger 650s which are arguably (performance wise) as good if not bette then the old GIV.
The 350 seemed to absorb most of the Falcon 2000 with its greater range.
I would argue that currently NetJets operates, 68 large cabin aircraft, hardly a “loss” compared to the number of Gulfstreams that NJI had IMO. More like a gain. Is that segment growing for NJ right now, No, but still dominates the Industry and doesn’t seem to be loading enough to not replace planes as they age out.
I would also like to point out, for the Gulfstream being the only large cabin that NetJets should operate according to many, there sure are dang close to equal number of Globals as there were Gulfstreams bigger then the IV out there. This tells me that for every guy that wants a Gulfstream, there’s more that said No and went with a Global OR a Falcon.
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07-20-2019, 03:19 PM
#23
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Joined APC: Sep 2018
Posts: 378
Originally Posted by GeeWizDriver
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.
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.
Do you know that the FAA currently has our standing of large cabin frames at 9 under that high point for a total of 46 Gulfstreams and Globals?
Plus we have 20 650s technically in the Large Cabin lineup now never previously offered in the NJI/NJA days?
One could make an argument that this company has diversified, strengthened and bolstered its performance compared to “the old days”.
Earnings will show that for sure.
Although Gulfstream hulls are down, Large Cabin is far from lost here. Many competitors operate far below what we’d categorize as sustainable revenue levels for the product they offer, much less profitable.
Again... you get what you pay for and while there are those willing to pay less, there are certainly many who value the safety transportation product offer and sign up regularly. So much so that Large Cabin is larger today than the NJI heyday you mentioned.
That’s great news.
07-20-2019, 03:24 PM
#24
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Joined APC: Sep 2018
Posts: 378
Originally Posted by David Puddy
Just wait until these babies arrive:
https://www.google.com/amp/s/www.ain...s2-order%3famp
This will be the knock-out punch against Netjets at the high-end of the market.....
https://www.google.com/amp/s/www.ain...s2-order%3famp
This will be the knock-out punch against Netjets at the high-end of the market.....
LOL... at 120mil a copy...
That’s high times, not just high end.
Good luck.
07-20-2019, 04:38 PM
#25
Banned
Joined APC: Sep 2018
Posts: 378
Originally Posted by David Puddy
Just wait until these babies arrive:
https://www.google.com/amp/s/www.ain...s2-order%3famp
This will be the knock-out punch against Netjets at the high-end of the market.....
https://www.google.com/amp/s/www.ain...s2-order%3famp
This will be the knock-out punch against Netjets at the high-end of the market.....
LOL... at 120mil a copy...
That’s high times, or just high end.
Good luck.
07-20-2019, 09:04 PM
#27
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Joined APC: Sep 2015
Position: MD-11 FO
Posts: 493
Originally Posted by Retractable
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. .
How long have you worked at NetJets? You sound like a 4.0 College kid writing a marketing campaign.
A G650 runs 70 million plus... a Phenom is 10 million. Explain how the large cabin market is the easiest to get into? You don’t just buy a 5000nm range plane and go blasting off to Thailand.
I think the one obvious thing you are clearly missing is people who have the cash to travel on the Gulfstream or a Global do it because they want too. They could care less about what N # is on the tail. Most former NJI owners just bought their own planes and left. I was offered 4 different jobs to go fly a GIV. You don’t tell the man who’s got the cash what plane he’s gonna ride in. It works the other way around.
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07-21-2019, 03:32 AM
#28
Speed, Power, Accuracy
Joined APC: Sep 2007
Position: PIC
Posts: 1,699
Originally Posted by G550Guy
You don’t tell the man who’s got the cash what plane he’s gonna ride in. It works the other way around.
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At the top end of the market, you don’t tell a guy who loves Mercedes that he can ONLY ride in a BMW. He just goes and buys his own damn Mercedes.
07-21-2019, 03:59 AM
#29
Gets Weekends Off
Joined APC: Nov 2017
Posts: 350
Originally Posted by G550Guy
How long have you worked at NetJets? You sound like a 4.0 College kid writing a marketing campaign.
A G650 runs 70 million plus... a Phenom is 10 million. Explain how the large cabin market is the easiest to get into? You don’t just buy a 5000nm range plane and go blasting off to Thailand.
I think the one obvious thing you are clearly missing is people who have the cash to travel on the Gulfstream or a Global do it because they want too. They could care less about what N # is on the tail. Most former NJI owners just bought their own planes and left. I was offered 4 different jobs to go fly a GIV. You don’t tell the man who’s got the cash what plane he’s gonna ride in. It works the other way around.
Sent from my iPhone using Tapatalk
A G650 runs 70 million plus... a Phenom is 10 million. Explain how the large cabin market is the easiest to get into? You don’t just buy a 5000nm range plane and go blasting off to Thailand.
I think the one obvious thing you are clearly missing is people who have the cash to travel on the Gulfstream or a Global do it because they want too. They could care less about what N # is on the tail. Most former NJI owners just bought their own planes and left. I was offered 4 different jobs to go fly a GIV. You don’t tell the man who’s got the cash what plane he’s gonna ride in. It works the other way around.
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