PRESS RELEASE
NetJets Inc. Forms Advisory Council
NetJets Inc. Forms Advisory Council
Designed To Provide Aviation Managers and NetJets With Forum To Exchange Ideas
WOODBRIDGE, NJ September 10, 2002 -- NetJets® Inc., the pioneer and worldwide leader in fractional aircraft ownership, today announced it has created a NetJets Advisory Council. The council will offer aviation managers and NetJets a forum to share ideas to meet the transportation needs of corporate America.
NetJets National Accounts Vice Presidents Jim Christiansen and Todd Spangler will chair the new council comprised of approximately 12 members.
Kevin Russell, NetJets executive vice president, said, "that in today's economic environment many companies are realizing that the cost of competing is more expensive than ever before. "This is especially true in this era of increased focus on corporate compliance, shareholder diligence, and the need for senior management to sign off on company financials. We at NetJets have received a number of phone calls from business America asking how we can tailor a NetJets solution to complement their needs."
Christiansen added, "we've been very fortunate over the years to have some very large organizations come to us and discover fractional aircraft ownership and how NetJets could help them in the area of supplemental lift." "Companies like General Electric and Texaco were two of the earliest. Both companies have helped us tremendously and we certainly have helped them in evolving the NetJets solution to meet their respective needs. We have used GE, Texaco and other companies on a very informal basis to share with us their perspectives on how NetJets can be better attuned to meet their varying needs."
Today, more and more aviation department executives are recognizing fractional aircraft ownership for what it can be: a valuable, always-ready backup to their own flight departments. In the current economic climate, corporate aviation executives must assume the dual roles of bottom-lined-focused businessperson and responsive flight department manager. NetJets supplemental lift was designed especially to complement corporate flight departments' capabilities. NetJets is the provider of choice of Fortune 500 flight departments that have invested in fractional aircraft ownership.
Flight department managers are using NetJets supplemental lift to support their department's growth, to manage peak loads, and reduce turndowns resulting in more efficient utilization of their own aircraft and people while improving productivity and controlling expenses.
Today, NetJets offers 11 aircraft including the Boeing Business Jet, Gulfstream V, Gulfstream IV-SP, Falcon 2000, Gulfstream 200, Citation X, Hawker 800XP, Citation Excel, Citation Encore, Citation V Ultra, and the Citation Bravo.
NetJets announced on Tuesday, September 10, 2002 that it has purchased 100 wide-cabin, high-speed Gulfstream 150s from Gulfstream Aerospace Corporation and 100 CitationJet 3s from Cessna Aircraft Company. Along with the CJ3 and Gulfstream 150, NetJets will be adding the Citation Sovereign, Hawker Horizon, Falcon 2000EX and Gulfstream V-SP to its fleet in the next three years.
"As we've chosen aircraft for the NetJets program, we have enlisted the perspectives of flight department executives," Russell said. Some of the training our NetJets pilots receive as well as innovations in our approach to safety is a result of our conversations with these executives. We continue to evolve the product and create business relationships and partnerships with some of the most successful companies in the world, many who use us for supplemental lift."
Russell said that several of the aircraft NetJets has in its fleet today as well as future fleet aircraft come about because of NetJets' need to be responsive to the companies that it supports with fractional aircraft ownership. "Over the last six years NetJets has ordered over 1200 aircraft from five different aircraft manufacturers."
A number of companies have chosen NetJets to supplement their needs starting with as little as 50 hours a year. In addition, some companies use NetJets for as many as 500 to 3000 hours a year to supplement their existing aviation investment, according to Russell.
This year NetJets will do over 250,000 flights to more than 145 countries. Each month NetJets does over 1200 flights on an international basis out of the NetJets U.S. program alone.
NetJets Inc. is a Berkshire Hathaway company. More information on NetJets is available through the NetJets website at www.netjets.com
Contact:
Maryann Aarseth
NetJets Inc.
732-326-3735
maarseth@netjets.com
WOODBRIDGE, NJ September 10, 2002 -- NetJets® Inc., the pioneer and worldwide leader in fractional aircraft ownership, today announced it has created a NetJets Advisory Council. The council will offer aviation managers and NetJets a forum to share ideas to meet the transportation needs of corporate America.
NetJets National Accounts Vice Presidents Jim Christiansen and Todd Spangler will chair the new council comprised of approximately 12 members.
Kevin Russell, NetJets executive vice president, said, "that in today's economic environment many companies are realizing that the cost of competing is more expensive than ever before. "This is especially true in this era of increased focus on corporate compliance, shareholder diligence, and the need for senior management to sign off on company financials. We at NetJets have received a number of phone calls from business America asking how we can tailor a NetJets solution to complement their needs."
Christiansen added, "we've been very fortunate over the years to have some very large organizations come to us and discover fractional aircraft ownership and how NetJets could help them in the area of supplemental lift." "Companies like General Electric and Texaco were two of the earliest. Both companies have helped us tremendously and we certainly have helped them in evolving the NetJets solution to meet their respective needs. We have used GE, Texaco and other companies on a very informal basis to share with us their perspectives on how NetJets can be better attuned to meet their varying needs."
Today, more and more aviation department executives are recognizing fractional aircraft ownership for what it can be: a valuable, always-ready backup to their own flight departments. In the current economic climate, corporate aviation executives must assume the dual roles of bottom-lined-focused businessperson and responsive flight department manager. NetJets supplemental lift was designed especially to complement corporate flight departments' capabilities. NetJets is the provider of choice of Fortune 500 flight departments that have invested in fractional aircraft ownership.
Flight department managers are using NetJets supplemental lift to support their department's growth, to manage peak loads, and reduce turndowns resulting in more efficient utilization of their own aircraft and people while improving productivity and controlling expenses.
Today, NetJets offers 11 aircraft including the Boeing Business Jet, Gulfstream V, Gulfstream IV-SP, Falcon 2000, Gulfstream 200, Citation X, Hawker 800XP, Citation Excel, Citation Encore, Citation V Ultra, and the Citation Bravo.
NetJets announced on Tuesday, September 10, 2002 that it has purchased 100 wide-cabin, high-speed Gulfstream 150s from Gulfstream Aerospace Corporation and 100 CitationJet 3s from Cessna Aircraft Company. Along with the CJ3 and Gulfstream 150, NetJets will be adding the Citation Sovereign, Hawker Horizon, Falcon 2000EX and Gulfstream V-SP to its fleet in the next three years.
"As we've chosen aircraft for the NetJets program, we have enlisted the perspectives of flight department executives," Russell said. Some of the training our NetJets pilots receive as well as innovations in our approach to safety is a result of our conversations with these executives. We continue to evolve the product and create business relationships and partnerships with some of the most successful companies in the world, many who use us for supplemental lift."
Russell said that several of the aircraft NetJets has in its fleet today as well as future fleet aircraft come about because of NetJets' need to be responsive to the companies that it supports with fractional aircraft ownership. "Over the last six years NetJets has ordered over 1200 aircraft from five different aircraft manufacturers."
A number of companies have chosen NetJets to supplement their needs starting with as little as 50 hours a year. In addition, some companies use NetJets for as many as 500 to 3000 hours a year to supplement their existing aviation investment, according to Russell.
This year NetJets will do over 250,000 flights to more than 145 countries. Each month NetJets does over 1200 flights on an international basis out of the NetJets U.S. program alone.
NetJets Inc. is a Berkshire Hathaway company. More information on NetJets is available through the NetJets website at www.netjets.com
Contact:
Maryann Aarseth
NetJets Inc.
732-326-3735
maarseth@netjets.com
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