Fleet and Crews Are Being Reinstated

Progress? NetJets says that it will offer to reinstate all NetJets Europe pilots and cabin crew who were furloughed back in April.

Additionally, NetJets will restore a portion of the fleet in Europe to reach typical pre-pandemic flight levels serving customer demand. NetJets plans to add more than 60 additional aircraft across the fleet worldwide between now and year-end 2021.

NetJets beleives that private aviation fared much better and has rebounded faster, though it is not yet back to pre-pandemic levels. To proactively manage the NetJets fleet size, they made a reduction made in the number of scheduled aircraft purchases and the fleet rejuvenation process in Europe was accelerated 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 are confident in the momentum we are seeing and proud of all the work our teams are doing that resulted in our ability to expand our global fleet in this way," said Patrick Gallagher, President of NetJets Sales, Marketing and Service.

NetJets also claims that there is a strong increase in new Owners joining NetJets. They also note that NetJets traffic in the US never fell as low as it did in Europe because domestic travel was not subject to the border restrictions that significantly limited travel throughout Europe. Globally, NetJets is seeing days with flight volumes within 20% of the typical pre-pandemic levels.

"We are looking forward to welcoming back our team members and welcoming our new Owners," said Elton D'Souza, President, NetJets Europe. "We are thankful to our existing Owners for their remarkable loyalty during this time and for recommending NetJets to friends, family, and colleagues."

FMI: www.netjets.com