Aviation International News August 2021

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PUBLICATIONS

Vol.50 | No.8

$ 9.00

AUGUST 2021 | a i n o n l i n e .c o m

NetJets tackles boom in business by Chad Trautvetter NetJets has “temporarily paused” sales of fractional shares, leases, and jet cards for the Cessna Citation XLS and Embraer Phenom 300 due to “unprecedented demand within the private travel industry,” a company spokeswoman told AIN. “The decision to pause light jet sales, in addition to previous announcements regarding raising card prices and eliminating peak period day travel on card purchases, allows the company to continue…delivering the best possible experience to all owners.” In the meantime, the company is putting prospective customers for light jets on a waitlist. According to NetJets, record contract utilization by existing fractional owners has resulted in flight demand currently exceeding all other highs in the company’s 57-year history (the company was founded in 1964 as Executive Jet Airways and started

selling “NetJets” fractional shares in 1986). It added that inventory constraints within the light jet category have reached a point that additional NetJets fractional sales before more aircraft are delivered would put service at risk. “While most NetJets owners have experienced business as usual in their recent travels, a few have felt the challenges that coincide with heightened demand across the industry,” the company said. “The vast number of flights is taxing the air travel infrastructure in ways we haven’t seen in years—everything from fueling and ramp space to catering and ground transportation are being pushed to their limits in many locations. This is mainly due to demand across the industry, as well as staffing challenges.” To meet continued demand, NetJets said it is hiring hundreds of pilots and

service employees through year-end and investing nearly $2.5 billion for 100 new aircraft to be delivered between now and the end of 2022. n

Read Our SPECIAL REPORT

Product Support The results of the AIN 2021 Product Support Survey for business aircraft airframe manufacturers are in and show that AIN readers are passionate about the aircraft they fly, maintain, and operate.

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D ue to “unprecedented” demand, NetJets has temporarily paused sales of shares, leases, and jet cards for light jets. That includes the Embraer Phenom 300 (shown here) and Cessna Citation XLS.

OEMs

Major upgrades to Pilatus PC-24 page 8

Research

NIAR adds mx to maker labs page 17

Safety

Retired Sumwalt recalls NTSB stint page 28

Avionics

News from the AEA convention page 34


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