Hints and tips:
...Nineteen years later, with hundreds of aircraft, the 63-year-old is an aviation superstar taking on the market leader, Berkshire Hathaway’s NetJets, through audacious dealmaking and bold investment....
...The leading rival to the Warren Buffett-backed NetJets is planning to go public in a Spac deal led by Todd Boehly, the US financier who owns the Chelsea football and Los Angeles Dodgers baseball clubs....
...“I’d say around 70 per cent of my subscribers now have more than one private-aviation solution.” Some flyers use brokers alongside, or in lieu of, contracting directly with the companies....
...But it will now focus first on aircraft equipped with a more luxurious four-seat cabin for wealthy buyers and private-jet operators such as NetJets....
...So has NetJets, which has reported the highest demand for flying in its near 60-year history and is investing about $2.5bn in 100 new aircraft....
...Aviation industry market research company WingX reports that global business aviation activity for the first half of 2021 was up 42 per cent on the same period last year, compared with an upturn of less...
...Warren Buffett-owned NetJets is Signature’s biggest customer, supporting demand through its shared ownership model....
...Despite a $11.2bn sales backlog for its AS2 jet (including orders from NetJets and backing from Boeing and GE Aviation), it closed down its operations citing funding issues earlier this year....
...Blackstone’s thesis rests in part on soaring demand for private flights as the rich shun commercial journeys amid the pandemic (Signature’s biggest customer, Warren Buffett-owned NetJets, is enticing new...
...“Travellers are prioritising their health and safety,” says Patrick Gallagher, NetJets president of sales and marketing....
...“Business travel has not returned in any material way,” said Patrick Gallagher, president of sales and marketing at NetJets....
...NetJets, part of Warren Buffett’s conglomerate, and Directional Aviation, diversified within the private jet business, stand to gain market share....
...After all, it does not take a 747 with 400 people on it any longer to land than it takes a NetJet with one passenger....
...by aviation entrepreneur Kenn Ricci’s Directional Aviation Capital....
...Nevertheless, he also recalls the beneficial effect of the arrival of Netjets in the late 1980s....
...Leading fractional operator NetJets ordered up to 150 and will start taking deliveries of its aircraft next year. Not that this sector of the market has been easy for everyone....
...This is second only to the fleet of 700 operated worldwide by US-based NetJets....
...NetJets China Business Aviation has, meanwhile, been adjusting its China strategy....
...Fifty years ago, when NetJets was created, European chief executives might have had a Falcon hidden at Le Bourget, Paris’s general aviation airport, and private flying was seen “as some kind of secretive...
...Its launch customer is NetJets, the leading operator in the fractional market....
...NetJets has secured a licence to fly from the Chinese civil aviation authority, allowing it to set up in a country where there is little private jet activity....
...What underpinned the fractional ownership world was rapid access to aviation assets....
...• In the Corporate Aviation special report (October21), Marine Eugene was incorrectly identified as working for Textron. She is executive director of sales in Europe for NetJets....
...aviation authority....
...“We’re not trying to be another NetJets,” he says....
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