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May 04, 2015 7:45 AM ET

Airlines

Company Overview of NetJets Inc.

Company Overview

NetJets Inc., through its subsidiaries, provides private aviation solutions for individuals and businesses across various destinations worldwide. The company offers private and charter aircraft management, flight operations, and on-demand air charter services, as well as sells jet cards. It also provides aircraft share ownership, leasing, and jet card purchase programs to access its fleet. NetJets Inc. was formerly known as Executive Jet, Inc. and changed its name to NetJets Inc. in October 2002. The company was founded in 1964 and is based in Columbus, Ohio. It has operation in North America, Europe, and China.

4111 Bridgeway Avenue

Columbus, OH 43219-1882

United States

Founded in 1964

Phone:

614-239-5500

Fax:

614-239-2096

Key Executives for NetJets Inc.

Chairman of the Board and Chief Executive Officer
President and Chief Operating Officer
Chief Financial Officer
Chief Executive Officer of Executive Jet Management and President of Executive Jet Management
President of Sales, Marketing & Service of Netjets North America
Compensation as of Fiscal Year 2014.

NetJets Inc. Key Developments

Abercrombie & Kent and NetJets Partner to Deliver the Ultimate in Luxury Travel

Abercrombie & Kent Limited and NetJets Inc. announced a marketing alliance that brings together two world class brands that represent the very best in travel. These two luxury pioneers are collaborating to seamlessly deliver custom made travel experiences to NetJets customers. Dedicated A&K Private Travel Consultants will collaborate with NetJets customers to design custom itineraries, bringing a rare blend of creativity, professionalism and knowledge. Peace of mind will come from having everything pre-arranged and reserved, with an expert English-speaking local guide managing the logistics on the ground in each destination. NetJets customers will also enjoy special recognition wherever they travel with A&K.

The NetJets Association of Shared Aircraft Pilots Files Lawsuit Against NetJets Aviation, Inc. and NetJets, Inc

The NetJets Association of Shared Aircraft Pilots (NJASAP) filed a lawsuit against NetJets Aviation, Inc., and its parent, NetJets, Inc., in the United States District Court for the Southern District of Ohio. NJASAP represents more than 2,700 pilots employed by NetJets. NetJets and the Union have been in negotiations over a new labor agreement since late-June 2013. The parties remain far apart because senior NetJets managers continue to demand compensation and benefit concessions from pilots in spite of increased revenues, rising profits and expansion into foreign markets, such as China. The lawsuit alleges NetJets violated two federal laws, the Stored Communications Act and the Railway Labor Act, during the course of its campaign to force compensation and benefit cuts and to destroy the Union. The Stored Communications Act prohibits unauthorized persons from accessing private and confidential electronic information while the Railway Labor Act governs labor relations in the airline and rail industries. In the lawsuit, NJASAP alleges NetJets gained unauthorized access to the Union's password-protected Internet message board in violation of the Stored Communications Act. The lawsuit also claims NetJets violated the Railway Labor Act by conducting unlawful surveillance of pilots' union activity. It also accuses NetJets managers of posing as pilots on social media and encouraging NJASAP and its members to engage in an illegal work slowdown, while at the same time threatening to fire pilots and falsely accusing the Union of engaging in an unlawful job action.

NetJets Inc. Gearing Up to Launch Business in China

NetJets Inc. announced that it is preparing to launch its NetJets China business once government approval for the operating certificate is finalized - expected mid-year in 2014.

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