Richard Santulli left his position as CEO of NetJets Inc. one year ago and announced Wednesday that he will head a new aviation company. Santulli's Milestone Aviation Group is setting its legs behind a $500 million investment, a few key former NetJets employees, and a plan to buy new and used jets and helicopters, which it then plans to lease. Santulli's position is chairman, while the company's president, Daniel Rosenthal, is a former NetJets vice president; its CEO, William Kelly, was the head of NetJets Europe; and a host of other former NetJets employees make up Milestone's leadership. The new company is based in Dublin, Ireland, but has an office in Columbus, Ohio, which is also the home of NetJets. That said, Milestone is not designed to compete with NetJets.
This is a companion discussion topic for the original entry at https://www.avweb.com/news/former-netjets-boss-santulli-is-back