This thread needs to be shut down.

 

Mod note:

First of all, we only lock threads for multiple TOS violations, not because some find the content unpopular. Secondly, posting that a thread should be shut down only keeps it up longer....

 

Why shut it down when CA1900 seems to be doing a good job slapping down the trolls with facts.

 

There are other ways frac shares can be better for a company even with high utilization. Correct me if I'm wrong, but you are buying flight hours per year and if you own a 1/2 share you could take 4 different airplanes at the same time to different locations--not possible if you own one airplane. However, owning an airplane painted in your colors is a status symbol which can be a boost to your company. Just don't take the coporate jet to Washington to beg for handouts. I still find it really hard to compare the fractional business model with commercial airlines. Is FedEX different from United? Absolutely. Is NJ different from Northwest? Absolutely. NJ owners own the plane they are flying on and are in a 5 yr contract. That's very different than going online and shopping for the cheapest ticket. If NJ starts to struggle, it will probably be due to corporate bad decision making. Given their track record, that's probably not likely in the next 10 years. Hopefully other companies will learn from what they're doing right.

 

Times are tough for everyone. Even NetJets. You only need to look at the ramp in PBI or the the ramp outside the Orlando Citation Service Center to see NJ is effected. Both are oaded with parke NJ airplanes in psuedo "storage".
Netjets may have a good product but they are the most expensive in the industry. 3 times more per hour than owning your own corporate jet based on 300 hrs per year utilization. NJ will not dispute this.
The real cost of NJ now is when your 5 year agreement is over. A 10,000 hour Citation Ultra is worth nothing in today's market. If lucky maybe 30% of the inflated NJ purchase price after you pay the 7% disposal fee.
A well maintained 1500 hr Ultra even in today's market will command at least 70% of it's original manufacturer's purchase price. NJ is an aircraft sales organization. Full sticker price up front, less than wholesale on the back end.
Flying is down, the corporate aviation image is tarnished and everyone is retrenching. There will be fewer players left in the fractional market.
Others may fail before NJ but they are not immune from today's economy.

 

Well, he only responded to me so I am assuming you are saying I am a troll.

Did you read my post? What is it about it that makes me a troll?

 

After reading your last post, I owe you an apology. You're not a troll, and I didn't mean to imply that you were one. I was just trying to point out that CA1900's post was informative and debunked many of the previous posts that were, in my opinion, written by people that hate NetJets.

Nobody knows what the future holds, but I know one thing for fact. We have some very talented people running this company. I feel safer being at the bottom of the NJA list than I did at my last job where I was in the top third.

 

Understood, thanks.

 

Its gotta be your hair.

 

Puttin on the foil for you.