NetJets' financial results
06-03-2009 | 05:23 PM
#12
New Hire
Joined: May 2009
Posts: 8
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From: crj-900/clear right
Good point QSFlyer. I'd also like to point out that NJA has grown it's market share through out this whole ordeal. People simply don't feel safe with their money elsewhere these days. Take a look at flight aware at any given time and it's scary, not just for NJA but all of us. People don't understand if NJA is suffering it's bad for all of us; because NJA is the strongest of the bunch.
Currently on flight aware at 9pm on a Monday night; Citation shares has 1 airplane in the sky .....1!! Flex has 3 and Options has 5. NJA has 30.
Even for NJA this number (30) is very very low compared to a year ago; I think we all better pray that NJA does well. This "us versus them" attitude is so beyond ignorant at a time like this; because if NJA ever goes, I assure you the weaker companies would have been long gone by then.
Currently on flight aware at 9pm on a Monday night; Citation shares has 1 airplane in the sky .....1!! Flex has 3 and Options has 5. NJA has 30.
Even for NJA this number (30) is very very low compared to a year ago; I think we all better pray that NJA does well. This "us versus them" attitude is so beyond ignorant at a time like this; because if NJA ever goes, I assure you the weaker companies would have been long gone by then.
i agree with you there sir.
06-03-2009 | 06:41 PM
#13
Banned
Joined: Feb 2009
Posts: 110
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with one of the world's top three richest men behind Netjets, no one can argue their financial position. fact is they lost 1 million per day last quarter and the fractional model seems to have a bleak future.
in terms of fractional players, Netjets is most likely the strongest due to Berkshire's other investments, but not due to their own business practice. the fractionals in genereal face a very uncertain future. it is becoming apparent to smart businessmen... not all cracked up to be... sort of the way of the timeshare condos
in terms of fractional players, Netjets is most likely the strongest due to Berkshire's other investments, but not due to their own business practice. the fractionals in genereal face a very uncertain future. it is becoming apparent to smart businessmen... not all cracked up to be... sort of the way of the timeshare condos
06-03-2009 | 08:36 PM
#15
Line Holder
Joined: Jul 2008
Posts: 39
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with one of the world's top three richest men behind Netjets, no one can argue their financial position. fact is they lost 1 million per day last quarter and the fractional model seems to have a bleak future.
in terms of fractional players, Netjets is most likely the strongest due to Berkshire's other investments, but not due to their own business practice. the fractionals in genereal face a very uncertain future. it is becoming apparent to smart businessmen... not all cracked up to be... sort of the way of the timeshare condos
in terms of fractional players, Netjets is most likely the strongest due to Berkshire's other investments, but not due to their own business practice. the fractionals in genereal face a very uncertain future. it is becoming apparent to smart businessmen... not all cracked up to be... sort of the way of the timeshare condos
Are you serious? Fractionals have been around for some time now and are not going away anytime soon! It allows a business to have immediate access to a business jet much like if they owned one without the hassle and expense that comes along with it! It makes financial sense depending on the needs of the company. Many corporations have a need for a business jet but can't put it to full use. This of course costs the company big money when the aircraft is sitting on the ground. By sharing the costs with others in a similar position the company can save lots of money!
06-03-2009 | 09:12 PM
#16
Banned
Joined: Feb 2009
Posts: 110
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Are you serious? Fractionals have been around for some time now and are not going away anytime soon! It allows a business to have immediate access to a business jet much like if they owned one without the hassle and expense that comes along with it! It makes financial sense depending on the needs of the company. Many corporations have a need for a business jet but can't put it to full use. This of course costs the company big money when the aircraft is sitting on the ground. By sharing the costs with others in a similar position the company can save lots of money!
06-04-2009 | 02:48 AM
#18
On Reserve
Joined: Jan 2008
Posts: 28
Likes: 0
The problem with charter, as I see it, is you don't always know what you're getting. You are, in essence, rolling the dice sometimes.
It's like Donald Trump calling for a taxi cab to go from Times Square (totally random location) to some fancy dinner party in suburbia NY. Who is going to show up, crazy Ismail, who smells like cigarettes who has been working 14 straight hours and who is half-asleep with his nasty gym-shoes smelling crown-victoria with the muffler scraping the ground, or Mr. Alibaba in a nice pressed suit driving his brand-new black Mercedes sedan offering you an Evian bottled water??? Ok bad analogy, I know, but it's the best one I could muster up at 0630 in the morning.
I have an extensive background flying charter in my past life, so I'm not trying to dog charter. Just saying, when hopping on a NJA airplane, you know what to expect, you know where both crewmembers are trained, you know who they answer to, you know who is backing them, you know they were not up all night doing freight runs, you know the airplanes are not built in 1968, you know it's not the captains first revenue flight......again, I'm not trying to be a kool-aid drinker, just sayin......
It's like Donald Trump calling for a taxi cab to go from Times Square (totally random location) to some fancy dinner party in suburbia NY. Who is going to show up, crazy Ismail, who smells like cigarettes who has been working 14 straight hours and who is half-asleep with his nasty gym-shoes smelling crown-victoria with the muffler scraping the ground, or Mr. Alibaba in a nice pressed suit driving his brand-new black Mercedes sedan offering you an Evian bottled water??? Ok bad analogy, I know, but it's the best one I could muster up at 0630 in the morning.
I have an extensive background flying charter in my past life, so I'm not trying to dog charter. Just saying, when hopping on a NJA airplane, you know what to expect, you know where both crewmembers are trained, you know who they answer to, you know who is backing them, you know they were not up all night doing freight runs, you know the airplanes are not built in 1968, you know it's not the captains first revenue flight......again, I'm not trying to be a kool-aid drinker, just sayin......
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