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Executive Aviation company history timeline

1991

In February 1991, FAA replaced the NAS Plan with the more comprehensive Capital Investment Plan.

1993

In 1993, the Cessna Citation X takes to the skies to become the fastest private jet, traveling at a speed of Mach 0.935.

1994

NetJets sold one-eighth shares equivalent to about 500 flight hours a year--on a Cessna Citation S2, this cost $330,000 in 1994.

1995

Called 'the most astute investor of the 20th century,' and the world's second richest man after Bill Gates, Buffett had been an avid EJA customer since 1995.

1996

The company had about 400 employees overall at the beginning of 1996.

EJA had revenues of more than $500 million in fiscal year 1996--97.

1996: NetJets Europe is launched.

It’s shortly followed by the XL in 1996, which is the most popular private jet in the world.

1997

A joint venture with Boeing Business Jets and GE was announced in October 1997.

The price was $389,000 for a sixteenth of a Citation 5 Ultra, a plane that sold for $6 million whole in 1997.

EJA ordered more than $2 billion worth of aircraft in 1997.

1998

In June 1998, FAA began testing a new compensation plan called core compensation, which replaced the traditional grade and step base pay method with a structure of pay bands, the value of which were determined by comparison with similar jobs in government and private industry.

In July 1998, however, Warren Buffett's Berkshire Hathaway Inc. announced that it was buying EJA for $725 million in stock and cash.

1999

NetJets Europe had 40 customers and ten planes in April 1999; by the end of the year, it had 70 customers and 17 planes.

2000

On April 23, 2000, FAA transferred approximately 6,500 employees into the core compensation system.

In April 2000, President Clinton signed into law the Wendell H. Ford Aviation Investment and Reform Act for the 21st Century, which contained a provision mandating the appointment of a chief operating officer.

2001

It launched gatherings in 2001.

2003

In June 2003, FAA selected its first ATO Chief Operating Officer (COO), Russell Chew.

2004

The ATO officially began operations on February 8, 2004.

On December 15, 2004, DOT unveiled the Integrated Plan for the Next Generation Air Transportation System, which laid out goals, objectives, and requirements necessary to create the NextGen system.

2005

In line with other agency efforts to improve efficiency, in December 2005, the COO restructured ATO administrative and support functions in the field.

In 2005 the Falcon 7X debuts as the first fly-by-wire business jet.

2006

In June 2006, he instituted a new ATO Service Center structure.

2007

With the ATO structure in place, the agency's first COO resigned from FAA on February 23, 2007.

2008

In 2008, the ATO consolidated the service units and staff offices into four business units, each led by a senior vice president.

2016

In 2016 Honda joined the private jet industry with the HondaJet.

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Founded
1991
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Headquarters
Eden Prairie, MN
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Zippia gives an in-depth look into the details of Executive Aviation, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Executive Aviation. The employee data is based on information from people who have self-reported their past or current employments at Executive Aviation. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Executive Aviation. The data presented on this page does not represent the view of Executive Aviation and its employees or that of Zippia.

Executive Aviation may also be known as or be related to Aviation Charter Inc, Edward Snell & Co Ltd and Executive Aviation.