NetJets Europe Jumpstarts Expansion

Gemini Sparkle

Key Takeaways:

  • NetJets Europe is expediting the delivery of 39 new aircraft, valued at over $715 million, from manufacturers like Cessna, Dassault, and Gulfstream.
  • This accelerated delivery is in response to "unprecedented growth" and high demand for its private aviation services, as clients increasingly choose convenience over commercial travel hassles.
  • The company experienced significant growth in 2007, with a 55% increase in flights over 2005 (totaling 73,622 flights), serving 917 airports in 136 countries, and more than doubling its profit compared to 2006.
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NetJets Europe has talked Cessna, Dassault, Hawker-Beechcraft and Gulfstream into speeding up the delivery of a total of 39 aircraft so it can meet demand for its services. The 39 aircraft are worth more than $715 million and will be delivered starting this year as NetJets copes with unprecedented growth. “NetJets Europe’s rapid growth shows that more and more companies and private individuals are choosing the benefits of flying when they want, from where they want, without the delays and hassle of commercial aviation,” said CEO Mark Booth. “In response to this growing demand, we have decided to bring forward the delivery of new aircraft, and look forward to another big year in 2008.”

NetJets Europe averaged more than 200 flights a day in 2007 with a total of 73,622 flights. That’s a 55-percent increase over 2005 figures and the company reported it flew to 917 airports in 136 countries in 2007. The company says it more than doubled its profit in 2007 over 2006.

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