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NetJets
July 2020

NETJETS EUROPE RECALLS FURLOUGHED CREWS

INCREASED FLIGHT DEMAND ENCOURAGES FLEET REINSTATEMENT
With flight volume increasing and a strong positive outlook, we are restoring the Falcon 2000EX to the NetJets Europe fleet and offering to reinstate all crewmembers who had been furloughed in April.

PROTECTING THE BUSINESS

MANAGING IMPACT
To proactively manage the NetJets fleet size, we reduced scheduled aircraft purchases and accelerated fleet rejuvenation in Europe by disposing of a small portion of that fleet. These decisions were made amid unparalleled economic uncertainty, when it was unclear how long the period of restricted international flying would last and how the pandemic would impact the broader economy. We sought to insulate the company from deeper reductions later and avoid the need for any bailout—all while continuing to provide exceptional safety and service to Owners.

FOCUSING ON THE FUTURE

IMPECCABLE SERVICE

Private jet travel has begun to rebound and globally, NetJets is now seeing days with flight volumes within 20% of the typical pre-pandemic levels. We continue to invest in whatever it takes to put the safety and service of our customers and our teams first. NetJets plans to add more than 60 additional aircraft across the fleet worldwide between now and year-end 2021, ensuring that the highest levels of service are maintained. With our all-inclusive, robust COVID-19 Response Plan, we are proud to lead the industry and ensure the aviation landscape remains safe now, and for generations to come.
 
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We are looking forward to welcoming back our team members and welcoming our new Owners. We are thankful to our existing Owners for their remarkable loyalty during this time and for recommending NetJets to friends, family, and colleagues.
Elton D'Souza, President, NetJets EuropeQuote Closed

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