Analyst believes NetJets has canceled G150 order
Bloomberg News reported on November 14 that, according to J.P.

Bloomberg News reported on November 14 that, according to J.P. Morgan Securities analyst Joseph Nadol, fractional provider NetJets might have canceled its order for as many as 100 Gulfstream G150s. “Gulfstream’s backlog of funded orders from NetJets declined by about $600 million during the third quarter, which suggests NetJets canceled its G150 order announced in September 2002,” said Nadol.

“We defer to our customers,” a Gulfstream spokesman told AIN. “NetJets is a valued customer of ours. It is the one who should be talking.” But it wasn’t at press time. A NetJets spokeswoman declined to comment.

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