NetJets cuts staff, planned aircraft deliveries for 2020
NetJets has confirmed reports of workforce reductions at its NetJets Europe (NJE) and Executive Jet Management (EJM) subsidiaries by 25 percent. The private aviation group also has reduced planned new aircraft deliveries for 2020, and these are expected to be down from around 60 to 25. Portugal-based NJE provides fractional ownership programs, while Cincinnati, Ohio-based EJM is engaged in aircraft management and charter services.
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