NetJets Europe Ends Fractional Agreement with Saudi Arabia's National Air Services | Aviation International News

NetJets Europe Ends Fractional Agreement with Saudi Arabia's National Air Services

Fractional-operator NetJets, has terminated its franchise agreement regarding fractional services with National Air Services (NAS) of Saudi Arabia.

By AIN Staff • AIN Staff

November 2, 2011

Fractional-operator NetJets has terminated its franchise agreement regarding fractional services with National Air Services (NAS) of Saudi Arabia, AIN learned today. NAS CEO Sulaiman Al-Hamdan conveyed the news to NAS employees via an email dated October 31, and promised that the company's business would continue as is.

A NetJets Europe spokesperson told AIN via email, “The 11-year-long franchise agreement with NAS in Saudi Arabia, known as NetJets Middle East, has been a great way for NetJets to understand and venture into the Middle East market. NetJets has decided to end its franchise agreement with NAS. In the meantime NetJets will provide alternative solutions to our owners who need to fly in this region.”

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