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Netjets Europe Brings Forward Delivery of $ 715M of New Aircraft as Rising Demand Leads to Record Growth and Profits
Netjets Europe Brings Forward Delivery of $ 715M of New Aircraft as Rising Demand Leads to Record Growth and Profits

NetJets Europe, the largest business jet operator in Europe, today announced that it is bringing forward the delivery of new aircraft to meet rising customer demand. The company has worked with its manufacturing partners to ensure that 39 new aircraft with a market value of more than $ 715 million will be delivered ahead of the original schedule. The move is in response to the company’s rapid growth, and very healthy forward order book. The additional 39 brand new aircraft represent more aircraft than the entire fleet of many other European operators.

These new deliveries will increase NetJets’ state of the art fleet by 29 per cent to a total of 174 aircraft. This increase is greater than the 18 per cent - from 114 to 135 aircraft - in 2007. The new deliveries expected in 2008 are from all four of NetJets Europe’s preferred manufacturers: Cessna, Dassault, Gulfstream and Hawker Beechcraft. NetJets Europe is also introducing four new aircraft types to the fleet in 2008: Hawker 750, Hawker 4000, Falcon 2000LX and Falcon 7X.

The company’s owners took 73,622 flights in 2007 - or more than 200 flights per day - an increase of more than 17 per cent from 2006. In 2007 NetJets Europe recruited 412 new employees, bringing the current total to 1,653, an increase of 33 per cent to meet projected growth targets.

NetJets’ flight numbers have increased by 55 per cent since 2005, making it the fastest growing aviation company in Europe; customer numbers have now surpassed the 1,500 mark, and customers are using their aircraft to conduct business all over the globe as demonstrated by the fact that NetJets Europe flew to 917 airports in 136 countries last year.

In 2007 NetJets Europe more than doubled the previous year’s net profit. The positive result was the second consecutive year of profitability for the company. This confirms the success of NetJets Europe’s business model which is driving the expansion of European business aviation.

Mark Booth, chairman and CEO of NetJets Europe, explains: “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. 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 offers fractional aircraft ownership that allows individuals and companies to buy part of a corporate jet at a fraction of the cost of whole aircraft ownership. In addition, it sells the increasingly popular Corporate Card and Private Jet Card that allow customers to buy a block of 25 occupied flight hours with one simple payment.

The company’s biggest markets remain the UK, France and Switzerland however there has been rapid growth in increasingly important territories including Germany, Central & Eastern Europe and Russia.

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