Charter & Fractional
NetJets Europe expects 2005 profit
Assuming the next six months or so do not see a deterioration in trading conditions, the NetJets Europe fractional-ownership program should finally achieve

Assuming the next six months or so do not see a deterioration in trading conditions, the NetJets Europe fractional-ownership program should finally achieve an operating profit in the second half of this year. This is the forecast of the company’s chairman and chief executive, Mark Booth, who also told reporters at a recent press conference that NetJets Europe is at last expected to achieve a net profit next year–fully 10 years after it was launched in the spring of 1996. It will then be able to start repaying an unspecified amount of capital debt to its U.S. parent, NetJets Inc.

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