NetJets, the largest fractional provider, recently contracted to purchase up to 425 Bombardier and Cessna aircraft in what could be a $9.6 billion order, the largest in general aviation history.? Although exact pricing? of particular aircraft was not announced, the move appears to be an effort by NetJets to take advantage of attractive pricing available in a down market.? In addition, NetJets seems to be moving ahead in an effort to rationalize its fleet, focusing on Challenger 300s, Challenger 605s and Cessna Citation Latitudes.
A fair amount of the order is firm?meaning that NetJets is obligated to purchase the aircraft?while, as is not unusual, a significant portion of the order consists of options to purchase aircraft in the future, thus giving NetJets flexibility down the road.? This order comes on the heels of NetJets? 2010 order for fifty Embraer Phenom 300s. With this order, it seems likely that NetJets will move to retire a significant number of older aircraft perhaps including Hawker 400XPs, Citation Ultras and Sovereigns and Gulfstream G200s, IV-SPs and GVs. Although share sales have remained static, NetJets? order signifies that Warren Buffett and Berkshire Hathaway remain firmly committed to the fractional business.Source: http://blog.shaircraft.com/2012/08/netjets-96-billion-order-shows-its-in.html
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