March 01, 2015 12:35 PM ET

Airlines

Company Overview of NetJets Inc.

Company Overview

NetJets Inc., through its subsidiaries, provides a range of private aviation solutions for individuals and businesses across various destinations worldwide. It also offers private and charter aircraft management, flight operations, and on-demand air charter services; and sells jet cards. 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 headquartered 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, Chief Executive Officer and President
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
Chief Information Officer and Executive Vice President
Compensation as of Fiscal Year 2014.

NetJets Inc. Key Developments

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.

NetJets Inc. Announces New Jet Model Taking Flight

NetJets Inc. announced that it is flying a demonstration model of the all-new aircraft to more than 20 cities in the U.S. The company is showing the model to current and prospective customers. NetJets is the launch customer for the all-new Bombardier Challenger 350 business jet, with up to 200 on order over the next several years. The private viewing events will provide guests with the opportunity to view the redesigned aircraft that includes avionics and greater cabin comfort with larger windows and advanced HD and wireless entertainment. With seating for up to 10 passengers, Wi-Fi availability, a fully customized galley designed by NetJets, and the latest technologies for optimal pilot situational awareness and safety, the Challenger 350 will provide the ultimate in luxury and travel for NetJets Owners and their guests. Cities included in the tour are: San Jose, CA; Santa Monica, CA; Santa Ana, CA; Scottsdale, AZ; West Palm Beach, FL; St. Louis, MO; Houston, TX; Dallas, TX; Nashville, TN; Atlanta, GA; Omaha, NE; Seattle, WA; Denver, CO; Chicago, IL; Minneapolis, MN; Indianapolis, IN; Detroit, MI; Bermuda; Washington D.C.; Teterboro, NJ; White Plains, NY; and Bedford, MA. NetJets will take actual delivery of the first jet this summer. The Challenger 350 jet boasts class-defining performance, 3,780 sm (6,083km) range and will connect New York to Los Angeles and San Francisco to Maui. It features a cabin that maximizes natural light and redefines the man-machine interface, all the while maintaining the performance attributes that have become synonymous with the Challenger family.

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