Netjets dying?

[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.