NetJets Europe

Mon, 02/28/2011 - 18:18

A bit more information and statistics. Eric Connor of NetJets Europe, speaking to FractionalLife about its caution on future prospects. Quote from article: “We have lost customers as a result of the recession. Around a quarter of the 50 aircraft brought back by [parent company] NetJets Inc were from our fleet and this is equivalent to around 100 owners. We thought that 2010 would be a year for stabilizing, followed by modest growth in 2011 and then that there might be an uplift in 2012, 2013 and 2014. But now we will have to see whether there will be any growth in 2011 or 2012 – there probably will be some in Western Europe.”

> The reference point for NetJets Europe was its base of about 175 aircraft in 2008 (this is in addition to US fleet, Marquis and "core fleet" which add up to the 600-some-odd total planes managed by the company);

> According to Connor there is growing interest in the (least profitable) 1/32nd share;

> New aircraft will be added to fleet only to replace aging planes.

 

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