Used NetJets aircraft?

Ok, thanks for filling me in on info regarding the company I work for. We do not have any aircraft leases. We lease the aircraft to clients, we do not lease aircraft, we purchase aircraft. But tell me I am wrong again please :)
 
I'm sorry for insulting your intelligence. As I Client of NJ, I'm am very informed of the set up as we had some legal issues to negotiate around when we hired you. And it's not like I spent 10 years in the Frac industry and I'll call our sells guy and tell him he is wrong about the share in the plane we own . And explain to me how Cessna is getting 35 Xs back, if NJ own them? If you can explain that, I'll call the head of used aircraft and let him know they are not coming.
 
SFLAX said:
I'm sorry for insulting your intelligence. As I Client of NJ, I'm am very informed of the set up as we had some legal issues to negotiate around when we hired you. And it's not like I spent 10 years in the Frac industry and I'll call our sells guy and tell him he is wrong about the share in the plane we own . And explain to me how Cessna is getting 35 Xs back, if NJ own them? If you can explain that, I'll call the head of used aircraft and let him know they are not coming.
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You're not insulting my intelligence, you're just arguing with somebody WHO WORKS FOR NETJETS. I know you work for Textrons flight department but that doesn't really qualify you to tell anyone anything regarding the inner workings of a company that you have no knowledge on. And if Cessna is getting 35 Xs it's because they have worked out a trade for Latitude or X+ orders. In 2007 we had 79 Citation Xs, they are not leases. Click the links above those are all X N numbers with NetJets as the owner.


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And who I currently work for has nothing to with who I've worked for and or done in the past or currently help people do outside of my job. I'm glad NJ has allowed you so much access to the financing of the jets and hope you were able to give them some advice. We will agree to disagree.
 
SFLAX said:
And who I currently work for has nothing to with who I've worked for and or done in the past or currently help people do outside of my job. I'm glad NJ has allowed you so much access to the financing of the jets and hope you were able to give them some advice. We will agree to disagree.
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There is no agree to disagree. You are not in the know, and you are flat out wrong. Just because you worked for CitationAir 10 years ago, doesn't mean you have the slightest idea on how NetJets operates financially, or what you are talking about. Quit acting like a 12 year old know it all, the statement "and hope you were able to give them some advice" is comically childish. Only one of us is involving themselves with HOW a company operates financially. I find it borderline disturbing that somebody who works for the company, who called fleet management today to ask them about aircraft purchasing and leasing, is being argued against by some outsider.
 
mshunter said:
I had an old boss who used to say "if you can't write a check for it, you can't afford it."
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We used to own aircraft before I worked here. That fat was cut in 2008. The idea was to keep reserve aircraft stashed throughout the country just in case. NetJets really restructured the way it handles aircraft ownership after 2008. Prior, an owner was promised fair market value in cash within 60 days if they wanted to cash out. Now that isn't the case, it is much harder to dump a share. This cut down on our debt by a ton.
 
Inverted said:
There is no agree to disagree. You are not in the know, and you are flat out wrong. Just because you worked for CitationAir 10 years ago, doesn't mean you have the slightest idea on how NetJets operates financially, or what you are talking about. Quit acting like a 12 year old know it all, the statement "and hope you were able to give them some advice" is comically childish. Only one of us is involving themselves with HOW a company operates financially. I find it borderline disturbing that somebody who works for the company, who called fleet management today to ask them about aircraft purchasing and leasing, is being argued against by some outsider.
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First off, I'm glad you called fleet management. As for CA 10 years ago, your way off on that. And next time I purchase an airplane for a client, I'll give you a call. I am very much involved in AC financing right now, especially the used NJ stuff as it has a very low cost of purchase and have very good mx. I am also very active in other financing projects if your interested. I think having options for income is needed in this industry. But I will stop pointing out your statements about how NJ does not own anything only see them listed as an owner and also your lack of knowledge of how you can't have 100% sold aircraft and sell jetcards on those aircraft. So NJ does own AC, remember they bought about 70 or so AC from Marquis jet.
 
The question I've got is "Why does it matter how or if NetJets owns or leases the aircraft?"

Let's say NJ leases the aircraft from a leasing company, and subleases them to fractional owners. So what? Let's say NJ buys aircraft outright, and leases them to fractional owners. So what? Let's say NJ buys aircraft and sells shares in the aircraft and has little or no equity in the planes it operates. So what?

I'm not sure why it matters.
 
Plata said:
The question I've got is "Why does it matter how or if NetJets owns or leases the aircraft?"

Let's say NJ leases the aircraft from a leasing company, and subleases them to fractional owners. So what? Let's say NJ buys aircraft outright, and leases them to fractional owners. So what? Let's say NJ buys aircraft and sells shares in the aircraft and has little or no equity in the planes it operates. So what?

I'm not sure why it matters.
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The original post was about, what NJ does with their old planes? And that kicked off the idea the NJ does not own them, which I say is false, and NJ does not lease them, which is also not true . The person countering these arguments has not answered the few simple questions asked. If these were answered with, instead we got personal about. Which I apologize, I meant them not as such. But to assume I know nothing because I don't swing gear for them is false.
 
Plata said:
The question I've got is "Why does it matter how or if NetJets owns or leases the aircraft?"

Let's say NJ leases the aircraft from a leasing company, and subleases them to fractional owners. So what? Let's say NJ buys aircraft outright, and leases them to fractional owners. So what? Let's say NJ buys aircraft and sells shares in the aircraft and has little or no equity in the planes it operates. So what?

I'm not sure why it matters.
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It doesn't matter, I'm just trying to explain to somebody that is giving incorrect info that we don't lease aircraft fleets.


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SFLAX said:
The original post was about, what NJ does with their old planes? And that kicked off the idea the NJ does not own them, which I say is false, and NJ does not lease them, which is also not true . The person countering these arguments has not answered the few simple questions asked. If these were answered with, instead we got personal about. Which I apologize, I meant them not as such. But to assume I know nothing because I don't swing gear for them is false.
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You made bold statements about a company you don't work for, nor do you have first hand knowledge on, then you decided to make personal comments about my financial abilities, and you're still doing that, when it has NOTHING to do with the statements I'm correcting you on.

No fleets we operate are leased, they are financed or owned. Some aircraft in disposal, or on a rare case by case basis, have been leased to the customer by NetJets. We lease demo birds to test the market on, like in the case of the X+, but our fleets ARE NOT LEASED, I'm not sure how else to get this through to you.


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