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Name: NETJETS
7JetSet7 Code: EXF
Status: Operational
Region: LATIN AMERICA
City: GEORGE TOWN
Country: GRAND CAYMAN
Employees 2777
Web: netjets.com
Email: headquarters@netjets.com
Telephone: +1 (614) 239-5500
Fax: +1 (604) 239-5589
Sita:
Background
(definitions)

Click below for data links:
EXF-2004-12-NETJETS EUROPE-NEWS
EXF-2005-12-NEWS-A
EXF-2006-01-NEWS-A
EXF-2007-03-NETJETS EUROPE NEWS
EXF-2008-03-NETJETS EUROPE NEWS
EXF-2009-08-NETJETS EUROPE PILOTS

FORMED IN 1986. PRIVATE CORPORATE JET AIRPLANE OPERATOR. OWNED BY WARREN BUFFET. FORMERLY EXECUTIVE JET AVIATION.

ADDRESS:
4111 BRIDGEWAY AVENUE
COLUMBUS OH 43219-1882, USA

NOVEMBER 1999: 1 737-2S9 (618-21957, /79 VP-CHK), EX-(ENS), RETURNED FROM EXECUTIVE AIR TRANSPORT (EXR), SWITZERLAND.

NOVEMBER 2000: MOVES ITS OPERATIONS OFFICE TO JEDDAH, SAUDI ARABIA. SEE NATIONAL AIR SERVICES (NETJETS MIDDLE EAST) (NTJ).

February 2004: 2 orders (2/05) Hawker 800XP's for total 85 (75 delivered).

AUGUST 2001: FRACTIONAL OWNERSHIP WITH NETJETS, WHO ORDERED 15/14 ORDERS 737-700 BBJ'S. MAINTENANCE BY DELTA (DAL) TECHNICAL OPERATIONS. THE 737 BBJ'S ARE JOINTLY MARKETED THROUGH BNJ CO LLC, (see (BNJ), A JOINT VENTURE WITH BOEING & GENERAL ELECTRIC.

MAY 2002: CHANGES ITS NAME TO "NETJETS INC" (A UNIT OF BERKSHIRE HATHAWAY INC). NETJETS INC IS A WORLD LEADER IN FRACTIONAL AIRCRAFT OWNERSHIP.

IN /02, WILL FLY >200,000 FLTS TO >140 DIFFERENT COUNTRIES.

NETJETS OWNERS CAN INTERCHANGE AND USE ANY OF THE NETJETS PROGRAMS IN THE US, EUROPE, AND THE MIDDLE EAST. NOW DIRECTLY MANAGES AND OPERATES 449 AIRCRAFT AND HAS NEARLY 565 PLANES ON ORDER, INCLUDING 100 FOR DELIVERY IN /02.

SOME OF THE MOST SUCCESSFUL PRIVATE AND PUBLIC COMPANIES IN THE WORLD SUCH AS GENERAL ELECTRIC, GILLETTE, AND SUN MICROSYSTEMS, ARE JET OWNERS. THE NETJETS CLIENT LIST IS A "WHO'S WHO" IN AMERICAN BUSINESS, ENTERTAINMENT, SPORTS, AND PRIVATE INDIVIDUALS, INCLUDING ANDRE AGASSI, PETE SAMPRAS, ARNOLD SCHWARZENEGGER, AND TIGER WOODS.

PLANS TO TAKE DELIVERY OF 4 737-700 BBJ'S IN /02, INSTEAD OF A PLANNED 5, AND WILL ACCEPT +4, IN /03.

July 2002: /01 = +$6.24M (+$9.75M): 716M RPK (+3.2%); 55.5% LF; 1.98M PAX.

September 2002: (FAA) rules that large transport category aircraft, such as the Boeing Business Jet, and Airbus Corporate Jetliner, can be operated under a Part 135 certificate, if they have 30 seats or fewer, and payloads of 3,400 kg (7,500 lbs) or less. The (FAA) is to determine whether additional requirements whould be established for large aircraft, operated commercially, under Part 135, or privately under Part 91.

October 2003: W M Boisture, Jr, President, Ohio-based Berkshire Hathaway's Netjets operations in North America, ex-President, Gulfstream Aerospace.

December 2003: $360M 50 orders Raytheon Hawker 400XP's and +8 Raytheon Hawker 800XP's.

May 2004: Canceled 22 of 29 737 BBJ's ordered.

August 2004: Berkshire Hathaway Flight Svcs (including NetJets & FlightSafety International) 1st 6 months = +$66M (+$25M): incl +9.4% revenues for airplane training, while airplane sales & Flight Operations +32%.

December 2004: (ICAO) Code: EJA - EXECJET.

December 2005: NetJets Europe has launched "NetJets 10," which allows 100 customers from December until April, to take to the skies in a business jet with a short-term commitment of just 10 hours. For 35,000 pounds, NetJets 10 holders can fly to destinations across Europe and pay only for hours in the air.

NetJets (EXF) subsidiary Executive Jet Management has added five airplanes to its charter fleet, taking its managed portfolio to 102 airplanes in 60 USA locations. Areas added include: a Cessna Citation Sovereign based at Chicago; a Dassault Falcon 900EX at Centennial Airport, Denver; a Citation X at Yosemite International Airport, Fresno; a Gulfstream G200 at McCarran International Airport, Las Vegas; and a Bombardier LearJet 60 at La Crosse Municipal Airport in La Crosse.

$1B, 50 orders (2/07) Raytheon Hawker 4000's, including a 10-year guaranteed maintenance program.

January 2006: Bill Boisture, 59, yesterday resigned as president of NetJets Aviation (EXF), a position he held since joining the fractional provider in October 2003. Boisture, who recently formed W Boisture & Associates, has been retained by NetJets (EXF) as a consultant to “support and assist the company on several strategic projects.” During his two-year tenure, he was the company’s front-line negotiator with the pilot and flight attendant unions. Both groups ratified five-year labor contracts with NetJets (EXF) management late last year. According to the company, Boisture also led changes that improved planning, forecasting, scheduling, command and control, airplane maintenance and management information systems.

March 2006: 2005 pre-tax loss = -$80 million (+$10 million). In a letter to shareholders, investor Warren Buffet, CEO of owner Berkshire Hathaway, said "I said last year that this business model would earn money in 2005 - - I was dead wrong." Losses were caused primarily by the $85 million cost of chartering airplanes to overcome "unusually high" shortages of available airplanes because increases in owner demand outpaced capacity. NetJets (EXF) also recorded a $20 million charge related to a new contract with its pilots (FC) and flight attendants (CA).

January 2007: Jim Christiansen, President for the 2nd time in his career. In 1990, he was President of Executive Jet Aviation which later became NetJets (EXF).

Lufthansa (DLH) said it is extending its Lufthansa (DLH) Private Jet cooperation with NetJets (EXF) for a further five years, after a successful 2006 in which the number of Private Jet flights rose +13%. Up to 10 private corporate jets were booked daily last year, with highest demand - - 60% of the total - - coming from point-to-point connections to around 1,000 destinations in Europe, and the Russian Federation. (DLH) said "more jets will be on call" to accommodate increased demand, and it is adding a Falcon 2000 capable of seating 10 passengers to its offering.

March 2007: NetJets' USA operation had a good year, with the company generating earnings of +$143 million compared with a loss of -$80 million in 2005, primarily because of the need to charter to meet "unusually high owner demand," added Warren Buffet, Chairman of NetJets parent company, Berkshire Hathaway.

See attached article on Netjets Europe above.

September 2007: Netjets (EXF) expects to hire 265 pilots (FC) in 2007.

December 2007: NetJets (EXF) is currently interviewing and accepting Flight Crew (FC) resumes.

Lufthansa (DLH) will end its cooperation with NetJets (EXF) in February and purchase its own airplanes to expand its Lufthansa (DLH) Private Jet service, which it said then will be better equipped to handle "strong" demand. "Based on the excellent market response, Lufthansa (DLH) anticipates steady growth in this segment," it said. It did not say what type of airplanes it will buy or how many, but it expects the jets to start entering service next spring.

January 2008: Flight International magazine 8-14 January, 2008 includes the attached article on Catherine Thompson, NetJets Europe Flight Safety Manager, based in Portugal.

http://www.netjetseurope.com netjetseuropeinfo@netjets.com

(Telephone: +44 207 361 9620). (FAX: +44 207 361 9601).

March 2008: Lufthansa (DLH) released further details about its plans to operate its own private jet service beginning this year to replace the agreement it had with NetJets (EXF) to provide the service. First announced three months ago, Lufthansa (DLH) Private Jet (LPJ) will feature nine airplanes from Bombardier and Cessna with the first, a six-seat Citation CJ3, due for delivery this month and the remainder coming onboard "in the following months." The (LPJ) fleet will comprise two CJ3s, three four-passenger Citation CJ1+s, two seven-seat Citation XLS+s, and two converted 12-seat CRJ200s. The airplanes will feature "neutral" livery in (DLH) colors. (DLH) will partner with DC Aviation to handle demand peaks.

NetJets (EXF)'s owner, Warren Buffet (recently recognized as the world's richest man) said that his recently formed NetJets Europe (NEU) now has "real momentum." After losing a cumulative _$212 million in its first 10 years, NetJets Europe (NEU) earnings tripled in 2007. NetJets (EXF) now operates 487 airplanes in the USA, and 135 in Europe, "a fleet more than trice the size of that of our three major competitors combined," said Buffet.

Fractional ownership provider NetJets Europe (NEU) plans to hire more than >200 flight crew (FC) in 2008, having employed +341 new pilots (FC) in 2007.

NetJets Europe (NEU) says its workforce rose by +33% in 2007, to just over 1,650, including 908 pilots (FC). (NEU) expects to employ more than >2,000 people by the end of 2008.

The Lisbon, Portugal-based operator's minimum requirement for direct-entry First Officers is 1,500 flight hours experience, but says pilots (FC) hired in 2007 averaged more than >4,000 hours.

NetJets Europe (NEU) is a joint venture between NetJets (EXF), Air Luxor (rebranded as "Hi Fly" (LXA) in October 2005), and Zimex Aviation and is operated by NTA - NetJets Transportes Aereos.

September 2008: NetJets (EXF) is currently interviewing and accepting Flight Crew (FC) resumes.

November 2008: 454.97 million (RPK)s traffic (+1.05%); (+4.64%) (ASK)s capacity; 59.8% LF (-2.1); 1.31 million passengers (-3.96%).

August 2009: NetJets (EXF)'s founder, Richard Santulli resigns. Credited with starting the fractional airplane industry, Richard Santulli abruptly resigned his position as Chairman and CEO of NetJets (EXF), the company he founded in 1986. In 1998 the company was bought by billionaire investor, Warren Buffet's Berkshire Hathaway for $725 million. David Sokol, Chairman at Berkshire's MidAmerican Energy Holdings will take over as Chairman and interim CEO. Sokol is rumored to be in line to take Buffet's position when he retires.

NetJets Europe (NEW), Europe's largest business airplane operator and sole business jet fractional ownership provider - - has not been immune to the aviation industry/airline downturn, and has instead turned it into an opportunity to bolster its relationship with its 1,050-strong pilot (FC) population, while positioning itself for expansion in line with a market rebound.

Faced with a continuing fall in flight hours and a growing number of on-call pilots (FC) with empty schedules, (NEU) was forced in April to slash -60,000 excess duty hours from its roster - - equivalent to 300 full-time pilots (FC). - - see attached "flight international" article - - "EXF-NEU-PILOTS-AUG09."

October 2009: NetJets (NEU)/(EXF) has implemented a new online flight crew (FC) application system. Although the company is not currently hiring pilots (FC), they do encourage interested (FC) applicants to submit their profile in the new online system for future consideration. They have no pilots (FC) on furlough.

November 2009: The NetJets (EXF) Association of Shared Aircraft Pilots (NJASAP) Executive Board has received notice of NetJets Aviation (EXF)'s intent to furlough up to 495 pilots (FC); the effective furlough date is anticipated for mid January 2010. An independent labor organization, (NJASAP) represents the interests of the professional pilots (FC) who fly in the service of NetJets (EXF).

"After several months of continuous efforts to mitigate a pilot (FC) furlough, we have reached a point at which the economic realities that challenge our employer can no longer be offset by the ground-breaking initiatives implemented earlier this year," (NJASAP) President, Captain Mark Luthi said. In April, the parties launched the Joint Preventive Measures Campaign which gave the pilot (FC) force a menu of voluntary, incentivized options intended to alleviate the overstaffing issue. Despite widespread campaign participation, NetJets (EXF) has concluded the initiative is no longer sustainable.

A second attempt to stave off a furlough was made late last month, when the Executive Board presented a series of concepts to senior (EXF) executives; however, the most recent effort did not come to fruition. Recognizing the seriousness of the economic crisis early on, Association leaders sought to supplement its furlough mitigation efforts by forming the (NJASAP) Furlough Working Group (FWG), which was tasked with preparing a robust pilot (FC) assistance initiative should a reduction in force take place. "Hoping a working group's efforts prove unnecessary is hardly an appropriate mindset for a responsible leadership group; however, I freely admit the Board and I would have preferred the group's year-long preparations been for naught," Luthi said.

Almost one year of planning has positioned the Association to offer immediate access to information and resources designed to assist each furloughed flight crew (FC) member and his or her family. In addition to a series of informational teleconferences, the Union has launched a web-based Furloughed Pilot Resource Center and has prepared a comprehensive resource guide that outlines financial, unemployment, and worker retraining benefits as well as alternate insurance options and various assistance grants.

The Executive Board has also approved a seven-month dues refund and the immediate cessation of dues collected from affected pilots (FC) and has purchased a year-long subscription to two aviation job sites for each pilot (FC). Additionally, the (FWG) is finalizing an outreach program that will keep furloughed pilots (FC) in touch with their peers by paring them with active pilots (FC).

"Although the furlough could not be prevented, the (NJASAP) maintains a tireless commitment to protecting the professional interests of its members and to supporting our furloughed pilots," Luthi said. "As the (EXF) restructuring effort continues, the Union remains willing to engage in mutually beneficial talks intended to hasten our pilots (FC)'s return to the flight line."

August 2010: Most executive jet airplanes are operated under the NetJets (EXF) "Quarter-Share" ownership program, whereby an owner purchases a portion of the shares in an individual airplane and contacts NetJets (EXF) to manage and operate it. The airplanes are based at various airports across the USA.

(IATA) Code: 1I. (ICAO) Code: EJA (Callsign - EXECJET).

Main base: Port Columbus International, Ohio.

November 2010: NetJets (EXF), Berkshire Hathaway’s fractional jet provider, announced that it has agreed to buy Marquis Jet, which sells so-called “jet cards” whose buyers get to use NetJets (EXF) airplanes for a fixed number of hours. Under the terms of the agreement, Marquis Jet becomes a wholly owned subsidiary of (EXF).

According to NetJets (EXF) Chairman & CEO, David Sokol, the acquisition should yield meaningful cost benefits and more competitive pricing. The Marquis Jet Card program provided individuals and corporations with access to NetJets (EXF) 25 hours at a time. It was begun in 2001 under the direction of Marquis Jet Partners founder & CEO, Kenny Dichter after repeated appeals to NetJets (EXF) founder, Richard Santulli. Marquis used NetJets (EXF) airplanes exclusively. Dichter said, “As part of NetJets (EXF), Marquis Jet can best capitalize on new opportunities over the long term and provide even greater value to our Marquis Jet Card owners, which has always been our guiding objective.” The acquisition of the Marquis Jet Card program is part of NetJets (EXF)’s 10-year business plan, which also includes the consolidation of USA-based business functions and, most recently, an order to purchase up to 125 new Embraer Phenom 300 airplanes.

December 2010: Lufthansa (DLH) and Netjets Europe (NEU) are close to announcing a major cooperation agreement. As part of the agreement, Netjets (NEU) will take over corporate jet flying as part of the Lufthansa Private Jet scheme next year replacing Lufthansa (DLH)’s
own fleet of corporate airplanes.

(DLH) has used (NEU) in the past when it originally launched its private jet offering. But the work was taken in-house in 2008 when (DLH) Group subsidiary, Swiss International Air Lines (CSR) bought Zurich-based, Servair Private Charter. The unit (then called Swiss Private Aviation) operated 5 Cessna Citation CJ1s, CJ3s and XLS+ on behalf of Lufthansa (DLH). However, (DLH)’s clients used the service in a different way than expected. While (DLH) saw the offering mainly as hub feeding and de-feeding into secondary airports, passengers instead booked many secondary airport to secondary airport trips that became prohibitively expensive for the operator because they mean a significant amount of positioning flights. As a Swiss company, Swiss Private Aviation also was not allowed to fly German domestic routes. The offering was also limited to Europe.

Industry sources say Lufthansa (DLH) hopes the large European
Netjets (NEU) fleet will make empty positioning flights a much smaller problem and the scheme can be expanded at least to North America through Netjets. Officials say that the Lufthansa Private Jet offering is not in doubt. However, Swiss Private Aviation is expected to shut down with its 60 employees to be transferred to other positions in the group.

March 2011: 50/70 orders Bombardier Global 5000, 6000, 7000, 8000 business jets. The transaction for the irm order is valued at approximately $2.8 billion based on list prices. The firm order includes 30 Global 5000 and Global 6000 jets, with final deliveries to begin in the 4th quarter of 2012. The sale includes 20 firm orders for Bombardier's newly launched Global 7000 and Global 8000 jets. Deliveries of these airplanes will be in 2017. At a total retail list price exceeding $6.7 billion, this Netjets (EXF)'s order was the largest airplane purchase agreement in the history of private business aviation.

January 2012: Bombardier Aerospace celebrated the first assembly of a Global 6000 business jet, Netjet (EXF)'s first Bombardier airplane.

The NetJets Global 6000 airplane will be configured for up to 13 passengers, featuring an aft cabin state room and full service galley with flight attendant service for ultra long-range flights such as Seattle - Tokyo non-stop.

Netjets (EXF)/(NEU) has 495 pilots (FC) on furlough.

March 2012: NetJets Inc (EXF) has found its partners to take the fractional jet company to China. The Columbus-based company has formed a joint venture called NetJets China Business Aviation Ltd that will be based in Zhuhai, on the southern coast of China’s Guangdong province. NetJets (EXF), a subsidiary of Berkshire Hathaway Inc will work with a group of Chinese investors that includes a subsidiary of the private equity firm Hony Capital and the private investment arm of two Chinese families.

“The Chinese aviation market has phenomenal growth potential and we believe that introducing the NetJets (EXF) service in China will enhance our brand’s global offering for customers around the globe,” NetJets (CEO) Jordan Hansell said in the release. “Our aim is to introduce NetJets’ brand of unmatched standards for managing private jet airplanes, and provide airplane owners in China with the ultimate in safety, security and reliability.”

Hansell told Columbus Business First this month that the NetJets’ expansion into China would be a different model than the fractional jet operation it runs in the USA. He said owners would buy an entire aircraft and that NetJets would handle management, including pilots (FC), hangars and maintenance.

June 2012: Netjets (EXF) ordered up to 275 Bombardier (BMB) Challenger Business jets. The firm order of 100 (BMB) Challenger jets is valued at approximately $2 billion US, and options for an additional 175 airplanes is valued at approximately $7.3 billion if all options are exercised. It is the largest Challenger jet and business airplane order in (BMB)'s history and encompasses both Challenger 300 Series and Challenger 605 Series jets. An aftermarket agreement to cover a term of up to 15 years is valued at up to $820 million for the firm orders.

“We are very proud that, once again, NetJets (EXF) has selected (BMB) airplanes to grow and support the expansion of its fleet worldwide,” said Steve Ridolfi, President, Bombardier Business Aircraft. “Our Challenger 300 Series and Challenger 605 Series jets are worldwide leaders in their respective segments. These airplanes are renowned for their reliability, performance and wide cabin comfort. We are convinced that the Challenger jets will complement (EXF)’s existing fleet perfectly. After selecting our Global airplanes last year, this new order is a fantastic endorsement of (BMB)’s large cabin product portfolio.”

The firm order comprises 75 Challenger 300 Series jets, with deliveries scheduled to begin in 2014, and 25 Challenger 605 Series jets, with deliveries scheduled to begin in 2015. The options comprise 125 Challenger 300 Series and 50 Challenger 605 Series jets. (EXF)’s new Challenger airplanes will feature an (EXF) configuration and will be operated in North America and Europe.

“We are very impressed with (BMB)’s overall product portfolio,” said Jordan Hansell, Chairman and Chief Executive Officer, NetJets Inc. “The Challenger 300 Series and Challenger 605 Series jets will be an excellent complement to our existing mid cabin capabilities and overall fleet that are unmatched in private aviation. We are particularly appreciative that (BMB) has been responsive to our needs in bringing an (EXF) configuration for our owners.”

The aftermarket agreement will see (BMB) provide scheduled and unscheduled line and heavy maintenance support for NetJets’ (EXF)'s Challenger 300 Series and Challenger 605 Series airplanes. In addition, their Challenger airplane fleet will be enrolled in (BMB)’s "Smart Services" programs, the leading cost-per-flight-hour solutions for (BMB) airplanes.

“The quality of (BMB) products is reinforced by the value our aftermarket programs and support teams deliver every day,” said Éric Martel, President, Bombardier Customer Services & Specialized & Amphibious Aircraft. “Our team is looking forward to working together with NetJets (EXF) to operate their Challenger airplane fleet as efficiently and cost-effectively as possible.”

Through its long-term service agreement with (EXF), (BMB) will provide a host of parts and maintenance services, including scheduled and unscheduled line and heavy maintenance support for the Challenger jets through its superior, worldwide Customer Services network of field and support personnel, parts distribution centers and maintenance facilities. (BMB) will also offer comprehensive parts provisioning services to the world’s largest business airplane operator.

NetJets (EXF) is the worldwide leader in private aviation with a fleet of over >700 airplanes worldwide. The company’s fleet plan is centered on providing NetJets (RXF) owners with non-stop capabilities around the globe in the industry’s most advanced business airplanes.

On March 1, 2011, NetJets (RXF) placed a firm order for 50 Global business jets, with options for an additional 70 Global airplanes. The transaction for the firm order was valued at approximately $2.8 billion US based on list prices. The firm order included 30 Global 5000 and Global 6000 airplanes, with final deliveries scheduled to begin in the fourth quarter of 2012. The sale also included 20 firm orders for (BMB)’s newly launched Global 7000 and Global 8000 jets. Deliveries of these airplanes will begin in 2017. At a total list price exceeding >$6.7 billion US, (EXF)’s order was the largest airplane purchase agreement in the history of private aviation.

Challenger 300 Series jet: The Challenger 300 Series jet offers transcontinental range and superior long-range cruise speed with nine passengers. It can fly from Los Angeles to New York City, and its superior airfield performance allows the airplane to operate out of 5,000-foot/1,524-m runways with ease. The Challenger 300 Series business jet offers the best performance and value amongst its competitors and has consistently exceeded customer expectations. With over >340 Challenger 300 jets in service, it is the market leader amongst its peers.

Challenger 605 Series jet: The Challenger 605 Series jet builds on the quality and reliability of its predecessor, the acclaimed Challenger 604 jet, leading its market share segment throughout the world. The Challenger 605 Series jet can whisk twelve passengers and three crew from New York City to London non-stop in the widest stand-up cabin of any large category business jet available today. There are over >850 Challenger 600 jets in service worldwide, including over >170 Challenger 605 jets, accounting for over 50% market share worldwide for its segment category.

September 2012: The (FAA) has announced a program to modernize approaches and descents to six Florida airports, including Miami and Orlando, as part of the transition to a satellite-based, NextGen (ATC) system.

Acting (FAA) Administrator, Michael Huerta explained the initiative at JetBlue Airways (JBL)’s training facilities in Orlando. (JBL) has partnered with the (FAA) on NextGen projects.

The Florida program is based on Performance Based Navigation (PBN) procedures that will enable “pilots (FC) to fly airplanes using satellite coverage or by utilizing the onboard flight management system,” according to the (FAA). “(PBN) allows shorter, more direct routes that reduce flight time and fuel consumption, and result in fewer carbon emissions.”

The (FAA) said more direct routings and tighter descents into the Florida airports “will save eight million gallons of fuel annually, which equates to a reduction in carbon emissions by nearly -80,000 metric tons and an estimated -$23 million saved in fuel costs.” The (FAA) also estimates that -5.4 million fewer nautical miles will be flown in and out of Florida.

The (FAA) said collaborators in the program include the National Air Traffic Controllers Association union, JetBlue (JBL), American Airlines (AAL), US Airways (AMW)/(USA) and NetJets (EXF). The other Florida airports involved are Tampa, Fort Lauderdale, West Palm Beach, and Fort Myers.

May 2013: NetJets (EXF) took delivery of its first Embraer (EMB) Phenom 300 light-cabin business jet this month, the first of up to 125 Phenom 300s scheduled to be delivered to the private jet operator.

Bombardier Aerospace (BMB) announced that it has expanded its leading Challenger family of business jets with the addition of the new Challenger 350 airplane. The Challenger 350 jet was launched, with worldwide leader in private aviation NetJets® (EXF)/(NEU) as the worldwide launch partner, at a special event at the European Business Aviation Conference and Exhibition (EBACE) in Geneva, Switzerland. Deliveries of the airplanes are expected to begin in 2014.

The Challenger 350 jet will offer increased performance from the new twin Honeywell (SGC) (HTF7350) engines, each producing 7,323 lbf/32.57 kN of thrust and reduced emissions, increased aerodynamic efficiency with its new canted winglets and will fly eight passengers 3,200 nm/5,926 km. The Challenger 350 jet boasts an impressive direct climb to 43,000 ft/13,106 m.

The Challenger 350 airplane’s cockpit will feature Rockwell Collins Pro Line 21 Advanced. Features of the new avionics include, among others, synthetic vision, dual inertial reference systems, a completely paperless cockpit and Multiscan Weather Radar. The new avionics will provide pilots (FC) with increased situational awareness and reduced pilot (FC) workload.

August 2013: According to FAPA.aero, NetJets (EXF) has 495 pilots (FC) on furlough. (EXF) has eneterd Section 6 negotiations for next (CBA).

March 2014: Private aviation service provider NetJets (EXF) is introducing NetJets "Connects," an in-flight connectivity service that allows passengers to use their smartphones to make calls and send text messages.

The service, similar to Gogo’s "Talk & Text" will be available on the company's entire USA fleet of 343 airplanes.

“Our customers are now able to connect with family, friends and business associates using cutting-edge technology that is reliable and easy to use," said Jordan Hansell, (CEO) of NetJets (EXF).

December 2014: News Item A-3: Embraer (EMB) Executive Jets and private aviation operator NetJets (EXF)/NEU) have signed an agreement to convert 10 Signature Series Phenom 300 purchase options into firm orders. At current list prices, this addition to the contract is worth more than >$89 million, which will be included in Embraer (EMB)’s backlog of the fourth quarter of 2014.

In October 2010, a purchase agreement was signed for 50 firm and 75 options. The total value of the deal may exceed >$1 billion, if all options are exercised. As of now, Embraer (EMB) has delivered 36 Signature Series Phenom 300s to NetJets (EXF)/(NEU). Deliveries of the 10 additional airplanes will begin as of January 2016.

April 2015: Embraer (EMB) Executive Jets delivered the 100th Phenom family jet produced in Melbourne, Florida, just over >3 years after the first airplane rolled off this facility’s assembly line. The commemorative airplane, a NetJets (EXF)/NEU) Signature Series Phenom 300, was delivered to NetJets® Inc., a Berkshire Hathaway company and will be part of the company’s European fleet.

“The delivery of the 100th Phenom jet made in Melbourne confirms our customers’ appreciation for revolutionary airplanes, like the Phenom 300,” said Marco Túlio Pellegrini, President & (CEO), Embraer (EMB) Executive Jets. “We are very pleased to deliver this milestone Phenom 300 to NetJets (EXF)/(NEU), which underscores the value of our strategic partnership.”

NetJets (EXF)/(NEU) and Embraer (EMB) signed an original purchase agreement for 50 Phenom 300 firm orders and 75 options, in October 2010. The total value of the deal may exceed >US$ 1 billion, if all options are exercised. In December 2014, an agreement to convert 10 Signature Series Phenom 300 purchase options into firm orders was signed by both parties. (EMB) has now delivered 40 Signature Series Phenom 300 to NetJets (EXF)/(NEU). These airplanes operate in the (EXF)/(NEU) fleet, with fractional owners in the USA and Europe.

“The Signature Series™ Phenom 300 has proven itself to be a success in meeting our expectations, and more importantly, the expectations of our customers,” said Chuck Suma, Senior VP Global Asset Management, NetJets Inc. “The Phenom 300 is the best-selling airplane in our fleet, and as we accept delivery of our 40th jet, we look forward to continue to bring them into our fleet.”

The Phenom 300 is in operation in the corporate and fractional markets, having become the most delivered business airplane in 2014, for the second consecutive year. The Phenom 300 has accrued a 57% market share in the light jet category, just five years after entering into service (EIS).

The Melbourne facility began operations in 2011, with the assembly of the Phenom 100, and the first airplane was delivered in December of the same year. Production of the Phenom 300 at this facility began in August 2012, and the first delivery took place in December of the same year.

May 2015: NetJets Europe (NEU) is poised to take delivery of its first Bombardier (BMB) Challenger 350 this month. The super-midsize business jet (CS-CHA) is pictured in Glasgow, Scotland on April 25th during its ferry flight from Bombardier's Montreal completion facility to the fractional ownership company's headquarters in Lisbon, Portugal.

Another 4 of the twin-engined type are bound for (NEU) this year. (NEU)'s 2015 airplane delivery schedule also includes 6 Embraer Phenom 300s and 2 (BMB) Global 6000s.

(NEU)'s parent company, NetJet (EXF) placed an order for up to 75 Challenger 350s in 2012 as part of a $7.3 billion contract for up to 275 Challenger-series airplanes. (EXF) also has multi-billion dollar orders for Phenom 300s (its entry-level product) and the Global 5000/6000, which sit at the top of its product offering.

The new airplanes are part of a "top-to-tail" overhaul of NetJet's 500-plus airp-lane fleet, and should all be incorporated into its global inventory over the next 10 years. NetJets' older types are being phased out.

Meanwhile NetJets USA (EXF) operation took delivery of its 10th Challenger 350 on April 26th, bringing its toatal fleet of Signature Series business jets to 68 (including 40 Phenom 300s and 18 Global 5000/6000s.

NetJets is also the launch customer for the Challenger 650 (the revamped Challenger 605 featuring an avionics, propulsion and interior upgrade) and is gearing up to take the first of the large-cabin business jets in the 4th quarter of this year.

Fleet:
(definitions)

Click below for photos:
EXF-BOMBARDIER CHALLENGER BIZJETS - 2012-06
EXF-BOMBARDIER GLOBAL 6000 - 2012-01
EXF-CHALLENGER 350 - 2013-05
EXF-GLOBAL 6000 INTERIOR - 2012-01

April 2016:

1 737-2S9 (JT8D-17 HK) (618-21957, /79, VP-CHK), EX-(MIS), OWNED BY HARRY A AKANDE. FOR SALE: EXEC.

7 737-7BC BBJ (CFM56-7B26) (356-30327, /99 N127QS; 384-30329, /99 N129QS; 569-30756, /00 N156QS; 491-30572, /00 N171QS; 623-30791, /00 N191QS; 861-32575, /03 N182QS; 1211-33434, /03 N109QS), WINGLETS. 30791 RTS 20050-01. (DAL) MAINT. EXEC. 18F.

50/70 ORDERS BOMBARDIER GLOBAL 6000, 7000, 8000, 9000 BUSINESS JETS, INCLUDING 30 GLOBAL 5000 & 6000 (STARTING 4TH QTR 2012) AND 20 GLOBAL 7000 & 8000(STARTING 2017):

1 BOMBARDIER GLOBAL 6000 (SEE ATTACHED - - "EXF-GLOBAL 6000 - 2012-10"), 2012-10.

75/125 ORDERS (2014) BOMBARDIER CHALLENGER 300 SERIES BUSINESS JETS:

25/50 ORDERS (2015) CHALLENGER 605 SERIES:

24 RAYTHEON HAWKER 400XP, EXEC.

75 +10 ORDERS RAYTHEON HAWKER 800XP.

50 ORDERS (2007-02) RAYTHEON HAWKER 4000:

Management:
(definitions)

Click below for photos:
EXF-FLT-SFTY-MGR-JAN08

WARREN BUFFET, CHAIRMAN OF NETJETS PARENT COMPANY, BERKSHIRE HATHAWAY.

JORDAN HANSELL, CHAIRMAN & CHIEF EXECUTIVE OFFICER (CEO) NETJETS (EXF).

DAVID SOKOL, CHAIRMAN & CHIEF EXECUTIVE OFFICER (CEO) (2009-08).

JIM CHRISTIANSEN PRESIDENT (2007-01).

MARK BOOTH, (CEO) NETJETS EUROPE (NEU).

CHUCK SUMA, SENIOR VP GLOBAL ASSET MANAGEMENT.

ROBERT DRANITZE, BUSINESS DEVELOPMENT MANAGER, NETJETS EUROPE.

CATHERINE THOMPSON, NETJETS EUROPE FLIGHT SAFETY MANAGER (PORTUGAL) - SEE ATTACHED ARTICLE.

 
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