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Name: NETJETS EUROPE
7JetSet7 Code: NEU
Status: Operational
Region: EUROPE
City: LISBON
Country: PORTUGAL
Employees 1850
Web: netjetseurope.com
Email: lis-disthr@netjets.com
Telephone: +351 214 468 411
Fax: +351 214-468-455
Sita:
Background
(definitions)

Click below for data links:
NEU-2008-03-NEWS
NEU-2008-10-NEWS
NEU-2009-08-PILOTS NEWS
NEU-2015-05 - CHALLENGER 350.jpg

Formed and started operations in 1996. Subsidiary of NetJets (EXF) owned by Warren Buffet, head of Berkshire Hathaway Company. Most airplanes are operated under the NetJets (EXF) "Quarter Share" ownership program, in which an individual owner purchases a portion of the shares in an individual airplane and contract NetJets (EXF) to manage it. 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.

August 2009: Not immune to the aviation industry downturn,NetJets Europe (NEU) has turned it into an opportunity to bolster its relationship with its 1,050-strong pilot (FC) workforce, 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). Also slashed airplane delivery schedules by around -60%. - - SEE ATTACHED "FLIGHT INTERNATIONAL" ARTICLE - - "NEU-PILOTS-AUG09."

NetJets (EXF) Address:
4111 Bridgeway Avenue
Columbus, Ohio 43219-1882, USA

NTA - NetJets Transportes Aereos Address:
Av das Descobertas
Galerias Alto do Barra, Piso 4
P-2780-053 Oerias, Portugal

(Telephone: +351 214 468 411). (FAX: +351 214-468-455

March 2008: 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) has joined forces with Mumbai-based Shreyans, which markets high-end cars such as Porsche, to create a fractional ownership venture in India. At least 20 Indians use NetJets' (NEU)'s services in Europe, says the fractional company, which hopes to tap into Shreyans' customer network and appeal to more high-value air passengers.

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

October 2008: NetJets Europe (NEU) has 1,850-plus employees, including 1,000-plus pilots (FC) - - SEE ATTACHED - - "NEU-NEWS-OCT08."

August 2009: 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 - - "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.

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.

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

March 2011: Lufthansa (DLH) said it will expand its Private Jet service offered in cooperation with NetJets Europe (NEU). Bookings in Europe will be accepted "in as little as 10 hours prior to flight departure," and it plans to bring the program to the Middle East and the USA within the year. NetJets Europe (NEU) was (DLH)'s original partner in the venture, which launched several years ago, but (DLH) made the decision to bring the operation in-house in 2007.

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.

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.

May 2013: 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 enetered 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 airplane 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 total 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 businessa jets in the 4th quarter of this year.

Fleet:
(definitions)

Click below for photos:
NEU-CHALLENGER 350 - 2013-05

April 2016:

1 BEECHCRAFT 1900D (RAYTHEON 1900D) (PT6A-67D), 19F/CREW (FC) FERRY.

100/175 ORDERS BOMBARDIER (BMB) CHALLENGER JETS.

18 CESSNA 550 CITATION BRAVO (PW530A), 7F. CORP.

10 CESSNA 560XL CITATION EXCEL (PW545A), 7F, CORP.

12 CESSNA 560XL CITATION XLS (PW545A), 7F, CORP.

2 CESSNA 650 CITATION VII (TFE731-4R-2S), 7F, CORP.

25 HAWKER 400XP (RAYTHEON 400A) (JT15D-5), 7F, CORP.

18 HAWKER 800XP (RAYTHEON HAWKER 800XP) (TFE731-5BR-1H), 8F, CORP.

6 HAWKER 800XPi (RAYTHEON HAWKER 800XP) (TFE731-5BR-1H), 6F, CORP.

7 DASSAULT FALCON 2000 (CFE738-1-1B), 10F, CORP.

3 DASSAULT FALCON 2000EX EASy (PW308C), 10F, CORP.

2 DASSAULT FALCON 900 (TFE731-5A-1C), 14F, CORP.

1 DASSAULT FALCON 900EX EAS (TFE731-60-1C), 14 PAX, CORP.

1 DASSAULT FALCON 900B (TFE731-5BR-1C), 14F, CORP.

1 GULFSTREAM G-IV (TAY 611-8), 13F, CORP.

2 GULFSTREAM G-V (BR700-BR710A1-10), 14F, CORP.

2 GULFSTREAM GV-SP (BR700-BR710C4-11), 14F, CORP.

Management:
(definitions)

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

DR PAULO MIRPURI, CHAIRMAN (ALSO PRESIDENT OF (LXA).

MARK BOOTH, CHIEF EXECUTIVE OFFICER (CEO).

ROBERT DRANITZKE, CHIEF FINANCIAL OFFICER (CFO).

 
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