NetJets Layoff

I read somewhere that NetJets lost $143M in 2005.

john smith wrote:
A friend was given notice at 4:00 PM Tuesday afternoon. No explaination
was given for the layoff, only that it was not performance related. This
was a top management level employee.
The local news organizations have not yet picked up the story.

"Andrew Sarangan" wrote in message
oups.com...
I read somewhere that NetJets lost $143M in 2005.


I always felt that offering fractional ownership of a plane for business
purposes was not a sustainable business model. Corporate private flying is
primarily ego driven (must have plane - makes me look important), not
business driven. For most companies it is an unnecessary expense, so they
will eventually drop it. The next aviation business failure appears to be
the idea that very light jets can be used as business transportation between
small airports. Maybe, maybe not. The next few years will tell.

In article . net,
"Tom Conner" wrote:

"Andrew Sarangan" wrote in message
oups.com...
I read somewhere that NetJets lost $143M in 2005.


I always felt that offering fractional ownership of a plane for business
purposes was not a sustainable business model. Corporate private flying is
primarily ego driven (must have plane - makes me look important), not
business driven. For most companies it is an unnecessary expense, so they
will eventually drop it. The next aviation business failure appears to be
the idea that very light jets can be used as business transportation between
small airports. Maybe, maybe not. The next few years will tell.

In some cases, perhaps. But in most cases, business is done face to
face. Corporate/private aviation is the only way to assure privacy and
timely contact. Airlines and their schedules are too unreliable.
Corporate executives that have the authority to make deals happen are
too valuable, highly compensated and their time is too valuable to have
them sitting around an airline gate where they can be recognized,
waiting for a plane that may or may not arrive and depart on time.
I worked for NetJets 12 years ago as a dispatcher. I saw where jets went
and who was onboard. I knew who was going, but not who they were
meeting. It was only after a deal was reported in the WSJ that I learned
who the target in a merger/acquisition was.

I worked for NetJets 12 years ago as a dispatcher. I saw where jets went
and who was onboard. I knew who was going, but not who they were
meeting. It was only after a deal was reported in the WSJ that I learned
who the target in a merger/acquisition was.

Dispatchers didn't talk to each other?

Jose
--
The monkey turns the crank and thinks he's making the music.
for Email, make the obvious change in the address.

I worked for NetJets 12 years ago as a dispatcher. I saw where jets went
and who was onboard. I knew who was going, but not who they were
meeting. It was only after a deal was reported in the WSJ that I learned
who the target in a merger/acquisition was.

Dispatchers didn't talk to each other?

?

Dispatchers didn't talk to each other?

?

If you know who's going where from your airport, and the (NetJet)
dispatchers from the other airports know who's going where from their
respective airports, much could be inferred by putting the info together.

Jose
--
The monkey turns the crank and thinks he's making the music.
for Email, make the obvious change in the address.

In article ,
Jose wrote:

Dispatchers didn't talk to each other?

?

If you know who's going where from your airport, and the (NetJet)
dispatchers from the other airports know who's going where from their
respective airports, much could be inferred by putting the info together.

That's not the way the system is set up.
All NetJet pilots in North America talk to NetJet dispatchers in the
North American operations center.
Nowadays, the dispatchers are grouped by aircraft type/fleet (Citation
X's, Falcon 2000's, Citation Excel's, etc.).
Back when I did it, NetJets had less than 100 aircraft (Citation IIS's,
Citation III's, Hawker 1000's). The day and night shifts were each
staffed by three dispatchers and a supervisor. Graveyard shift had only
one dispatcher.
We all had access to any aircraft's information.
The crew used to contact operations via telephone for a release and
trip/pax information prior to departure and again upon landing with
flight numbers . Now they communicate via Blackberry's.
There are separate operations centers for Europe and the Middle East.

"Tom Conner" wrote in message
news

"Andrew Sarangan" wrote in message
oups.com...
I read somewhere that NetJets lost $143M in 2005.


I always felt that offering fractional ownership of a plane for business
purposes was not a sustainable business model. Corporate private flying
is
primarily ego driven (must have plane - makes me look important), not
business driven. For most companies it is an unnecessary expense, so they
will eventually drop it. The next aviation business failure appears to be
the idea that very light jets can be used as business transportation
between
small airports. Maybe, maybe not. The next few years will tell.


I agree. My employer purchased a G-IV some years back. If the CEO wasn't
aboard, the airplane wasn't going anywhere. The most frequent flights for
the aircraft were 300 mile hops to various high end golf courses and
resorts. The CEO got serious kicks out of having the biggest jet on the
field, wherever he flew. I think he eventually realized that people were
giggling behind his back at the (mis)use of such a capable aircraft, so it
was sold...

I remember going on a trip to the UK once upon a time when there were about
8 of us going to the same destination. One of our 3 senior VP's, our
corporate lawyer, a couple of other higher-ups, and several engineers and
managers. At that time, we were about 1 year into the G-IV and I realized
that we'd never use the airplane for its intended purpose when the 8 of us
all flew commercial.