NetJets Europe Jumpstarts Expansion

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NetJets Europe has talked Cessna, Dassault, Hawker-Beechcraft and Gulfstream into speeding up the delivery of a total of 39 aircraft so it can meet demand for its services. The 39 aircraft are worth more than $715 million and will be delivered starting this year as NetJets copes with unprecedented growth. "NetJets Europe's rapid growth shows that more and more companies and private individuals are choosing the benefits of flying when they want, from where they want, without the delays and hassle of commercial aviation," said CEO Mark Booth. "In response to this growing demand, we have decided to bring forward the delivery of new aircraft, and look forward to another big year in 2008."

NetJets Europe averaged more than 200 flights a day in 2007 with a total of 73,622 flights. That's a 55-percent increase over 2005 figures and the company reported it flew to 917 airports in 136 countries in 2007. The company says it more than doubled its profit in 2007 over 2006.