GeeWizDriver

Don’t have exact numbers but I’d be shocked if it were north of 30% still around.

As for Flex, last I heard it was two or three 650’s.

Quite frankly, whole ownership is the REAL competition. Vista and Flex siphon off the cheap bottom feeders but the truly wealthy that used to fly with us now fly their own.

And that fact is TOTALLY because of decisions made by Sokol, Hansell, and Johnson.

OhSnapAF

4, with 6 more on the way.

Egliderjet

Man, those guys were really rich, “leaving” NetJets to go fly around in a GIV. Sounds like cheap skates to not want to buy into at least the 450 or the Globals because a GIV sells for less then a XL.


Sent from my iPhone using Tapatalk

Fredturbo

And 20 Concordes. Lol....

OhSnapAF

You laugh, but it got them attention. Everyone at NJA seems to have this attitude of laughing away the competition, yet they are all still here. Every G650 added to Flex is a potential share sold that NJA could have captured...

Fredturbo

Doubtful. Not with the prices flexjets is probably charging. Most likely from vista.

David Puddy

But you guys are adding a lot of G450s and inbound new G500s on top of the G650s while Netjets is disposing of the Gucci Jets. The Global isn’t for everyone despite what Netjets management thinks....

Personally I hope you guys eventually get the Aerion A2s. Pretty amazing airplanes if they can actually get the program off the ground from the concept phase. Fingers crossed!!!!

GeeWizDriver

Actually, most of them left in favor of their own airplane because they were tired of multiple customer service failures, mostly emanating from CMH. Lies from Owner Services, poor recovery times for weather or mechanicals, crappy catering (story is that was a primary reason for our most recent high profile departure), ground transport snafus, tired looking aircraft interiors, etc.

It wasn’t PRICE. It was VALUE. They are willing to pay for QUALITY service.

Egliderjet

If they were buying a GIV it was. It’s expensive to operate, and people think it makes you look like a high roller, but they are just cheap old planes. I get it, people leave, but (I don’t agree with Mr. company that much), we are not seeing the huge “reduction” in the large cabin market that you claim. Since the Challenger 650 can pretty much do MORE then an old GIV at 10 times the reliability, I would say we are at 60ish large cabin aircraft with more on the way. We currently have 76 350s that can out mission the old Falcon 2000 for a lot cheaper, so in reality we have grown that category, just with more efficient and cheaper planes.

Are we going to loose some owner to the snobbery of the Gulfstream world, yes. But is it more then we will gain buy having the right plane for the mission at the Right cost and fixing all those small problems that you mentioned (they are big to the big wigs, they care less about the fire on the wing then their catering), it is not/nor will be a dumpster fire like people claim.

As for marketing a supersonic decades before testing of any component has started, yeah, I don’t buy that working. As for having the big bad G650 (which I believe does not come close to the reliability of its predecessors), again, I’ll believe it to be damaging when we CANT sell the 7500 and fold that program. From the rumors I heard, Gulfstream is not doing what it needs to to make it economically sound investment for NetJets, Better off not having that extremely small market. Does a large cabin like that generate a ton of revenue per unit/hour, yes, but can you generate enough to make up for only having a handful of planes and have enormous reposition costs? It’s gonna be tough.




Sent from my iPhone using Tapatalk

Retractable

I’ve been around long enough to know how NJA works and how others feel it should. 12 years is still FO territory here. You left when the getting wasn’t going to include and out of seniority Gulfstream Captain position and you know what... it worked out very well for you. No complaints on your thought process or decision making Captain! 👍🏻

You admittedly traded for UPS... I have many friends at UPS and they all say the same thing... “They work us hard. They pay us well. I hate the management. They hate me. I hope I retire soon enough to enjoy it”.

Anyway... back to the Frax.

The G650 is a great plane that is too expensive to operate on a fractional model. I am therefore pleased that Flex has them and thinks they can operate them at a profit. They won’t operate them at a profit and since we don’t work for a charity model, there will be a negative result at some point. Remember, management teams that are making logical decisions are placing markers on the board with equipment that will make money in both economies. As soon as this economy resets (like they all do), we’ll see what surprises are in store for Flex owners and pilots alike.

There’s a tool for every job. Yes, there is a price difference between the Phenom and the G650. Regarding charter operators and others competitors decision to enter large cabin flying vs small cabin flying... it’s not what it costs, it’s what large cabin makes for the effort.

For the effort, large cabin stands to make more “easy” money per flight than a small cabin jet. This is precisely why there’s been so much downward pressure from new entrants in the segment AND why there is almost no supplemental lift for lighter cabin fleets available these days. We sub ourselves basically. Very cost effective compared to days past and the Owners prefer it.

NetJets hasn’t “given” the completion large amounts of large cabin flying. Many wealthy Owners simply decided to buy their own jet as you suggested and “opt out” of Fractional. For now. Most categories of jet NetJets offers continues to be sold out and with waiting times to onboard new Owners. OEMs are cutting metal as fast as they can for us.

The word is out however. Our on time performance is very high. Our likelihood to recommend to other Owners is very high. The highest ever, if not in many, many years. The business is solid and one by one, the Owners have been returning from other choices they made in the past to fly other options.

There is no single category of “Owner” that NetJets attracts. Sure, some don’t value the safety culture we offer as something of value. Some don’t care what tail they are on. Most do, however. They are simply NetJets fans and are cheering for the company (and their investment in private aviation travel) to do well.

It’s a headache to own a jet. Jet Owners know that and yes, there’s always a choice.

Our largest single competitor is us in terms of operators. Our single largest obstacle to overcome is single aircraft ownership.