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NetJets to buy Bombardier, Cessna planes worth $9.6 billion
NetJets, a private jet-sharing company owned by Warren Buffett's Berkshire Hathaway Inc (BRK-A), said on Monday it would buy up to 425 new business jets from Bombardier Inc (BBD-B.TO) and Cessna in a deal worth $9.6 billion to expand its North American and European fleet. (finance.yahoo.com) Más...Sort type: [Top] [Newest]
Maybe this is a new "offshore bankaccout"?
Warren Buffet has suffered as any other savvy investor the consequences of the current marketplace situation, for one, and secondly I am sure that these "orders" have a lot of what if's and outs in the contracts so don't count them as "solid" sales for now.
Three different Netjets clients served by the choice of planes. The 300 and 605's are established platforms serving established markets and client demographics.
The Cessna Latitude is still on the CATIA screen and so how do you sell shares in something you cant demo? If its a hit they just convert the options to orders. It will be a great platform, I have years of fixing Citations of all flavors and they were really good to me.
The Cessna Latitude is still on the CATIA screen and so how do you sell shares in something you cant demo? If its a hit they just convert the options to orders. It will be a great platform, I have years of fixing Citations of all flavors and they were really good to me.
Let us face it; Warren Buffet is no fool and would not fall and smoke and mirror scamer. He did not get to his status and fortunes in life by making thoughtless; uninformed & unintelligent decisions.
If Buffet is splitting his purchases this way there has to be a good reason! What is it?
• What is Bombardier offering that Textron is not?
• Are there parts and/or a maintenance plans included in the purchase costs?
• What are the operational costs of each aircraft?
• Does Textron Cessna offer the features that he requires?
I remember the time that the Singaporean based Singapore Airline; The Australian base QANTAS airlines and a number of other airline followed suit and changed their Boeing fleet from the American Pratt & Whitney to the English Rolls Royce which gave them a 3% fuel saving this was a major saving which affected airfares hence benefited the passengers. So what are the American based companies doing wrong to be losing these contracts? Is there something that they need to learn?
As an ex-workshop manager there are too many variables to be making assumptions as none of these details have been provided in this brief. I like thing to be based on facts and not emotions.
If Buffet is splitting his purchases this way there has to be a good reason! What is it?
• What is Bombardier offering that Textron is not?
• Are there parts and/or a maintenance plans included in the purchase costs?
• What are the operational costs of each aircraft?
• Does Textron Cessna offer the features that he requires?
I remember the time that the Singaporean based Singapore Airline; The Australian base QANTAS airlines and a number of other airline followed suit and changed their Boeing fleet from the American Pratt & Whitney to the English Rolls Royce which gave them a 3% fuel saving this was a major saving which affected airfares hence benefited the passengers. So what are the American based companies doing wrong to be losing these contracts? Is there something that they need to learn?
As an ex-workshop manager there are too many variables to be making assumptions as none of these details have been provided in this brief. I like thing to be based on facts and not emotions.
Just in case anyone wants to be a Pilot in one of them.
PILOT PAY AND BENEFITS PACKAGE
http://www.netjets.com/NetJets_Pilots/pdfs/Pilots.pay.benefits.package.pdf
PILOT PAY AND BENEFITS PACKAGE
http://www.netjets.com/NetJets_Pilots/pdfs/Pilots.pay.benefits.package.pdf
[This poster has been suspended.]
We have 495 pilots on furlough. No recalls before 2014, most likely no hiring before 2016.
Republic Airways is hiring for all the Q-400's they are getting from Colgan.