Message Font: Serif | Sans-Serif
No. of Recommendations: 1
As with Q1, NetJets had very limited disclosure with only directional comments on performance (lukewarm at best) but no hard numbers.

However, I found the following disclosure interesting since it implies that the large airplane order discussed a while back is more of a maintenance move rather than expansionary ... and a large amount of the order can be canceled. I believe the number of optional units was discussed in the news accounts in June but not the dollar amount.

In June 2012, NetJets placed orders with certain manufacturers to acquire up to 425 aircraft with an estimated value of $9.6 billion. The aircraft purchases would be made to replace aircraft in its existing fleet, with deliveries expected to occur over an 8 year period beginning in 2014. The orders include cancellable commitments for 125 aircraft with an estimated cost of $2.8 billion and options to purchase an additional 300 aircraft, with respect to which, NetJets is not presently obligated to acquire.
Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.