Santulli drops fees to lure Russians | Aviation International News

Charter & Fractional

Santulli drops fees to lure Russians

NetJets Europe is targeting fast-expanding Russian businesses for its fractional-ownership program.

By Charles Alcock • Managing Editor

January 21, 2008

NetJets Europe is targeting fast-expanding Russian businesses for its fractional-ownership program. It has dropped the ferry charges that have previously been applied for flights out of Moscow and St. Petersburg to allow Russian clients the same terms and conditions as provided to program members in western Europe.

The move has been personally approved by NetJets chairman and CEO Richard Santulli, who has concluded that the company will have to absorb the costs of aircraft positioning in the same way as it did back in the 1980s when it expanded fractional ownership from the East Coast of the U.S. to the West Coast. The move soon paid off once a sufficient critical mass of West Coast owners signed for the program.

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