Netjets dying?

[doylehargraves]

We at Flexjet have been consistently told by management for the past 3 or 4 years that Netjets will "bleed to death". That the current business model will not "allow it to survive".

I am currently at flexjet and am trying to jump ship to work at netjets. Where do you guys see Netjets in the next 10 or 15 years? Do you think this would be a good move? I mean, all I see is record profits, aircraft orders, and constantly hiring. I realize no one is safe in this industry but, flexjet has absolutely no growth and continually hovers around 85 aircraft and yes makes "some" profit. I see netjets as a better future model. Any suggestions or comments??

 

[vixin]

Jump ship and go to Netjets. Everyone that has seems to be happier. Flexjet management is all smoke and mirrors. Flops was supposed to be out of business 6 years ago. CS was'nt going to grow that fast and Flexjet was in the best position. Even the weather people are on some of the time, but flex management doesnt seem to get it right ever. Oh did I leave out that NJ wouldnt be able to afford the new contract. Well not only did they but they are showing a profit while paying the pilots a descent wage. Not at flex, they gave a slap in the face and charged more for crappy insurance. Way to go DG and RH. Lets hear from Steve G. and the other flex koolaid drinkers.

 

[CA1900]

We had a couple FlexJet and a couple of FlightOptions guys in our class last month at NetJets, if that's any indication of things.

I haven't been doing this long enough to compare the companies, but I certainly don't see NetJets dying any time soon. Based what I've seen so far, they have a solid business plan with plenty of growth potential left.

 

[Some guy]

We at Flexjet have been consistently told by management for the past 3 or 4 years that Netjets will "bleed to death". That the current business model will not "allow it to survive".

I am currently at flexjet and am trying to jump ship to work at netjets. Where do you guys see Netjets in the next 10 or 15 years? Do you think this would be a good move? I mean, all I see is record profits, aircraft orders, and constantly hiring. I realize no one is safe in this industry but, flexjet has absolutely no growth and continually hovers around 85 aircraft and yes makes "some" profit. I see netjets as a better future model. Any suggestions or comments??

Projected to add 2-4 new jets per week indefinitely. The owners have faith in us. Warren Buffet purchases companies when the long term outlook shows strong potential. He appears to have faith in us. We are making money this year and NJE looks like they are self-sustaining now. We all know that anything can happen in our industry, but I think we will be here for many years to come. I think one of the keys is keeping our pilots happy which I hope we are headed in the right direction as far as that goes. Again, anything can happen but I'm comfortable with my job security for the time being.

 

[sweptwingz]

I came on with NJA in 1997 with less than 300 pilots total. The company now has over 2500 pilots and close to 400 aircraft. We just placed airframe orders for DOZENS MORE.

Yep, we're bleeding, all right.

 

[wolfpackpilot]

Where do you guys see Netjets in the next 10 or 15 years?

Let me put it this way:

When the world runs out of oil and the 'LAST' airplane lands somewhere...

Richard Santulli and Warren Buffet will swing the door open, get out, look around and say.............


"You think we can sell Stagecoach shares?"


NETJETS = DOMINATION

 

[theskyking]

My new hire class that just went through had 3 FLOPS, 1 Flex, and 1 Avantair pilot in it. Talking to these guys, they've never been happier.

 

[DO-82 driver]

And my guess is that come the first of the year there might be a bunch of FLOP's guys wearing the "Yellow ties".

FLOP's loss will certainly be NJA gain......Those guys deserve the best they can get.

 

[xpdriver]

We at Flexjet have been consistently told by management for the past 3 or 4 years that Netjets will "bleed to death". That the current business model will not "allow it to survive".

I am currently at flexjet and am trying to jump ship to work at netjets. Where do you guys see Netjets in the next 10 or 15 years? Do you think this would be a good move? I mean, all I see is record profits, aircraft orders, and constantly hiring. I realize no one is safe in this industry but, flexjet has absolutely no growth and continually hovers around 85 aircraft and yes makes "some" profit. I see netjets as a better future model. Any suggestions or comments??

Sounds like you answered your own question. Go now beat the rush>>>

 

[finnjl]

I have not heard from flex management that NetJets was bleeding to death?? I say go so I can move up on the senority list.

 

[doylehargraves]

They told us to our faces back in February during our new salary meetings or were you not working here yet? That's how they justified not paying us as much as NJets.

 

[gunfyter]

It appears rumours of our death have been greatly exagerated

 

[WillFlyFoCookie]

Hey who said that famous "rumors" quote? I think it's a well know author but I can't remember.

I just completed my first company recurrent at NetJets and had a good time. The new contract and this last year has done wonders for the business. Customer satisfaction seems to be very high with a strong renewal rate. I was encouraged by all the hard work done by management and other departments and their general attitude as a lot lighter and friendlier then it has ever been.

I think it's exciting to see what the future holds here.

 

[FLYLOW22]

They told us to our faces back in February during our new salary meetings or were you not working here yet? That's how they justified not paying us as much as NJets.

This is a perfect example of the types of misinformation that management will tell you to placate you into thinking that what you have is as good as it's going to get.

You only have so many years to work... wouldn't you like to make more?

FLEX would come to a honkin stop without dedicated pilots. They know it but they seem to be willing to take a gamble to save money.

 

[gunfyter]

Hey who said that famous "rumors" quote? I think it's a well know author but I can't remember.

.

Mark Twain

 

[Ultra Grump]

"The report of my death was an exaggeration." - Mark Twain
http://www.twainquotes.com/Death.html

 

[ksu_aviator]

At this moment NetJets may be loosing money, they may be making money. That doesn't matter. What matters is that they have a ton of customers. The more customers you have the easier it is to make cost structure changes that will make you profitable in the end. They will not go away with out some type of catastrophic event.

 

[Guitar Guy]

We at Flexjet have been consistently told by management...

Consider the source.

Heck, if you can't trust management, who can you trust?

 

[Publishers]

While everything above is correct, the basic point is that the company had not achieved what the guys who own it set as the objective. In the end, that is the whole story.
Example: We have a company and we have numerous divisions or subsidaries. We have set as an objective a 12% pre tax profit. One division has trouble year after year of achieving 4% pretax. That failure leads to us not putting more money in it, selling it, shutting it down, etc.. The mere fact that it was not losing us any money may not be enough to save it.
Just sitting in the wings, I think Europe or other areas needs to work to sustain the growth. A big hiccup in the American economy would not be good for this company unless it gets more diverse.

 

[DBCOOPER]

I work for a NJ competitor, none of the ones mentioned here yet. In my opinion, if you want to make fractional flying a career, go to Netjets, period, end of story. It's all about the union contract.