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xo jet problems

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rufus

Active member
Joined
Dec 1, 2001
Posts
25
Problems or furloughs. I heard from a really good friend over there that they are giving guys the boot. I hate to see pilots losing jobs. Say it is not so
 
Problems or furloughs. I heard from a really good friend over there that they are giving guys the boot. I hate to see pilots losing jobs. Say it is not so

It's not so. No pilots will lose their jobs. In fact, we are still growing at an alarming pace.

A few office staff were trimmed due to over hiring and excess infrastructure. No pilots or flight operations folks were or will be affected. XOJET is incredibly well positioned with a ton of cash in the bank and billions in equity financing. We are in very good shape to face the poor economy.
 
It's not so. No pilots will lose their jobs. In fact, we are still growing at an alarming pace.

A few office staff were trimmed due to over hiring and excess infrastructure. No pilots or flight operations folks were or will be affected. XOJET is incredibly well positioned with a ton of cash in the bank and billions in equity financing. We are in very good shape to face the poor economy.
You have to actually sell planes to grow, not just take delivery of aircraft. The only real difference between XO and traditional fractional is the charter piece and right now charter is way down across the biz jet industry.
 
It's not so. No pilots will lose their jobs. In fact, we are still growing at an alarming pace.

A few office staff were trimmed due to over hiring and excess infrastructure. No pilots or flight operations folks were or will be affected. XOJET is incredibly well positioned with a ton of cash in the bank and billions in equity financing. We are in very good shape to face the poor economy.

Please correct me if I am wrong.....isn't most of the cash you have ear marked for middle east expansion. Not trying to start a riot....just what I have heard through the grapevine.
 
Please correct me if I am wrong.....isn't most of the cash you have ear marked for middle east expansion. Not trying to start a riot....just what I have heard through the grapevine.
This is just my own outside observation, but from what I udnerstand the plan in the ME is having about 20 frames flying over there. Don't think they would eat up all of that $2.5B..

As usual, I may be completely wrong.
 
This is just my own outside observation, but from what I udnerstand the plan in the ME is having about 20 frames flying over there. Don't think they would eat up all of that $2.5B..

As usual, I may be completely wrong.

your probably right if only 20 airframes....even with setting up infrastructure ( ops center, etc...) they probably wont hit that number.
 
Please correct me if I am wrong.....isn't most of the cash you have ear marked for middle east expansion. Not trying to start a riot....just what I have heard through the grapevine.

The money can be used wherever XOJET management thinks it is best spent. There is plenty to go around.
 
The money can be used wherever XOJET management thinks it is best spent. There is plenty to go around.

I am sure it can, but I had just heard thru the rumor mill that they were aiming at expanions in the Middle East. I guess because that's where the investors were.....like I said, just a rumor.
 
Just to clarify, it was 12 non-essential administrative positions that were cut. Even in a good economy, these positions were excessive. And as was already stated, the operational side of the house has been unaffected by these changes.

Please get all the facts straight before posting alarmist threads like this.
 

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