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Thread: CEO of JetSuite on moving to TX - "Nice not to be treated as an enemy"

  1. #1

    Exclamation CEO of JetSuite on moving to TX - "Nice not to be treated as an enemy"

    This is the sort of Californian you want moving to Texas.



    ‘Not Being Viewed as an Enemy’ Propels California Company’s Move to Texas, says CEO

    http://www.breitbart.com/texas/2018/...exas-says-ceo/

    by Merrill Hope 14 Apr 2018



    The top executive of a Southern California private charter airline says the Golden State’s hostile business environment propelled his company’s decision to relocate to Texas.

    “Not being viewed as an enemy, but being viewed as an asset is so refreshing,” said Alex Wilcox, Chief Executive Officer of JetSuite Inc., who, on Thursday, spoke to the Dallas Business Journal. He described the air carrier’s decision to move to North Texas this summer as a “welcome change.”

    He even shared a glaring example of one difference between California and business-friendly Texas. “I tried to start flying out of Santa Monica, California. And they sued me because I was trying to bring a service to the city,” said Wilcox. “When I got to Dallas, literally, people in City Hall were like, ‘How can we help you?’”


    The CEO said the company contemplated exiting California “for a couple of years.” JetSuite intends to make the Dallas-Fort Worth area its new home, although officials have not announced a location for their headquarters. Wilcox anticipates 60 employees will move with top brass to the Lone Star State and they will fill 180-200 jobs with Texans. The company’s chief executive said they will recruit qualified individuals for “behind-the-scenes” operational functions, dispatchers, maintenance controllers, “and the people who actually make airlines move.”

    He quipped: “There are probably more people in aviation in Dallas than there are people in Newport Beach, in total.”

    Previously, Wilcox told Bloomberg other selling points Texas offered included lower costs and a larger aviation infrastructure which exists because of the Dallas-based Southwest Airlines and Fort Worth-based American Airlines.

    The boutique charter airline allows travelers to rent a private, small jet. Currently, their daily flights only cover select California cities and Las Vegas, Nevada. JetSuite intends to expand its destinations. The CEO also has high hopes for the other side of their business, JetSuiteX, where individuals can purchase a seat on one of their charter flights to avoid the hassle of larger airports. One-way ticket fares start at $129.

    (I am going to look into this. - AF)

    The company plans to grow its consumer reach with a fleet of regional small jets to 100. Wilcox told the Business Journal that JetSuite revenues range between $55 million and $60 million while JetSuiteX accounts for $50 million in earnings.

    “In six years I want to take JetSuiteX to a $1 billion in top line revenue,” said Wilcox. He also believes over time JetSuite Inc. will “probably triple or quadruple.”

    In 2009, Wilcox co-founded the Irvine, California, based business. Previously, he was a founding executive of JetBlue Airways. In 2016, JetSuite sold an expanded stake of the company to JetBlue, which allowed the private airliner to beef up JetSuiteX.

    This week, JetSuite announced it sold a minor stake to Qatar Airways. Federal law limits foreign investments in a U.S. air carrier to 25 percent, noted Bloomberg. The size of this investment has not yet been disclosed, however, it follows the Qatari airline’s failed attempt to acquire 10 percent of American Airlines.

    JetSuite’s website says the company is certified by the International Standard for Business Aircraft Operations (IS-BAO). Recognized independent safety auditors ARG/US ranked them #1 in light jet utilization. They also rated them with highest safety rating achievable in civil aviation.

    The airline’s move to Texas highlights the continued exodus of companies from the business-unfriendly California. From 2008 to 2015, an estimated 9,000 companies left California, of which Texas was the top beneficiary of the relocations, During those seven years, California corporations accounted for 15 percent of companies that moved their headquarters or expanded operations into pro-business Texas. In many instances, the state incentivized out-of-state companies to expand into the state with the goal of creating more jobs and economic growth within Texas through the Texas Enterprise Fund.

    Likewise, Californians comprise the largest number of the state’s transplants.



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  3. #2
    My business partner met with the accountant in order to prep to move himself and business from CA to NC. The accountant told him that he was the fifth small business customer of his to plan exact such a move just this year -- he only had 1 to NC last year. He said, that he had many more moving to TX.

  4. #3
    Quote Originally Posted by Anti Federalist View Post

    (I am going to look into this. - AF)

    It will be more useful after they get more routes.

    "He's talkin' to his gut like it's a person!!" -me
    "dumpster diving isn't professional." - angelatc


    "Each of us must choose which course of action we should take: education, conventional political action, or even peaceful civil disobedience to bring about necessary changes. But let it not be said that we did nothing." - Ron Paul

    "Paul said "the wave of the future" is a coalition of anti-authoritarian progressive Democrats and libertarian Republicans in Congress opposed to domestic surveillance, opposed to starting new wars and in favor of ending the so-called War on Drugs."

  5. #4
    (I am going to look into this. - AF)

    I would caution against that.

    Young unexperienced crew, bailing out when the get a better offer.

    No union. So fly and not make waves in the hope to leave someday.

    You also shop around for the cheapest doctor when a health decision is a life or death decision?

    Quote Originally Posted by Zippyjuan View Post
    Ron Paul know some weird people...



    Quiz: Test Your "Income" Tax IQ!


    Short Income Tax Video

    The Income Tax Is An Excise, And Excise Taxes Are Privilege Taxes

    The Federalist Papers, No. 15:

    Except as to the rule of appointment, the United States have an indefinite discretion to make requisitions for men and money; but they have no authority to raise either by regulations extending to the individual citizens of America.

  6. #5
    Quote Originally Posted by Zippyjuan View Post
    Ron Paul know some weird people...



    Quiz: Test Your "Income" Tax IQ!


    Short Income Tax Video

    The Income Tax Is An Excise, And Excise Taxes Are Privilege Taxes

    The Federalist Papers, No. 15:

    Except as to the rule of appointment, the United States have an indefinite discretion to make requisitions for men and money; but they have no authority to raise either by regulations extending to the individual citizens of America.

  7. #6
    Quote Originally Posted by Danke View Post
    (I am going to look into this. - AF)

    I would caution against that.

    Young unexperienced crew, bailing out when the get a better offer.

    No union. So fly and not make waves in the hope to leave someday.

    You also shop around for the cheapest doctor when a health decision is a life or death decision?

    My Dr is pretty cheap .

  8. #7
    Quote Originally Posted by oyarde View Post
    My Dr is pretty cheap .

    Witch doctors usually are. If you don't value your soul.
    Quote Originally Posted by Zippyjuan View Post
    Ron Paul know some weird people...



    Quiz: Test Your "Income" Tax IQ!


    Short Income Tax Video

    The Income Tax Is An Excise, And Excise Taxes Are Privilege Taxes

    The Federalist Papers, No. 15:

    Except as to the rule of appointment, the United States have an indefinite discretion to make requisitions for men and money; but they have no authority to raise either by regulations extending to the individual citizens of America.

  9. #8
    Quote Originally Posted by oyarde View Post
    My Dr is pretty cheap .
    Medicine men still take beads?
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankind…it’s people I can’t stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment



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  11. #9
    If they are planning on adding routes within Texas, they are going to have competition from high speed rail (one day):

    The effort to build high-speed trains connecting Dallas, Arlington and Fort Worth — and eventually Waco, Austin, Laredo and possibly Monterrey, Mexico — took a step forward Thursday.
    ...
    The move comes as officials from Texas Central Railway continue with their plans to build a bullet train from Dallas to Houston, making it possible to travel between those cities in about 90 minutes. That project would use technology created by the operators of the world-renowned high-speed rail system in Japan.
    ...
    Meadows said high-speed rail companies from France and China are interested in building a line that serves cities along the I-35 corridor, including Waco, Austin, San Antonio and beyond. The line could eventually extend to Laredo and south of the border to Monterrey, Mexico.
    ...
    http://amp.star-telegram.com/news/bu...208728829.html
    I compiled a "brief" history of events since October 2008 that are defining the global currency war and the role that gold is playing:

    Tin Foil Hats, Economic Reality and the Total Perspective Vortex

    Also, have you contacted your Congressional Rep and asked them co-sponsor Ron Paul's Rep. Paul Broun Jr.'s HR 1098 77: Free Competition in Currencies Act?

  12. #10
    Quote Originally Posted by Danke View Post
    Witch doctors usually are. If you don't value your soul.
    I usually just borrow your soul , you are not using it for anything .
    Do something Danke

  13. #11
    Quote Originally Posted by Swordsmyth View Post
    Medicine men still take beads?
    15 FRN's . He has not yet expanded to taking silver like I do . We sell eggs for 3 FRN's a dozen but prefer payment with three silver dimes .
    Do something Danke



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