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Citationshares lets 30 go

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Man. I was just talking to one of their pilots in GSO yesterday and he said there was no talk of furloughs. Guess that goes to show that nobody really knows anything.

Is this verified? Was it by seniority or "merit" based like XO? What a terrible time for this profession.
 
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Wow, my thoughts go out to those pilots and their families. Very poor timing indeed. On a more selfish note...I guess I wont be getting out of the pool anytime soon.
 
its true just read email awhile going in reverse order said if some senior hags would go they wouldn't have to furlough
 
Looks like furlough number 4 for me - and just in time for Christmas! Sure am glad I got away from the airlines... Good luck to everyone.
 
30 pilots will be furloughed in inverse seniority. 8 office staff will be gone. (Fortunately they just promoted 3 or 4 to VP so there'll be mroe oversite of those left standing). There is an opt-out for people who who want a lump sum, 1 month pay for every year's service up to nine years. They're offering LOA. Demoting up to 13, and demoting up to 18 supervisory pilots (though they haven't said how the supervisory's will get chosen, but I hear that it's merit based...whatever the f that means). Official notices go out on 12/22. I've heard that they will pay furlough pay until March, though they haven't actually said that.
 
ominbnd said:
30 pilots will be furloughed in inverse seniority. 8 office staff will be gone. (Fortunately they just promoted 3 or 4 to VP so there'll be mroe oversite of those left standing). There is an opt-out for people who who want a lump sum, 1 month pay for every year's service up to nine years. They're offering LOA. Demoting up to 13, and demoting up to 18 supervisory pilots (though they haven't said how the supervisory's will get chosen, but I hear that it's merit based...whatever the f that means). Official notices go out on 12/22. I've heard that they will pay furlough pay until March, though they haven't actually said that.
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What is furlough pay?
 
As I said on the other XOJET thread

As someone who has lost a job at Christmas time.

I'm very sincerely sorry for those affected. In fact, It affets us all.

Good luck to you and hopefully you will be put on an even better path soon.

Semore
 
CS is offering a great buy out plan for people, up to 9 months salary to leave. Since CS has about 70+ pilots over 60, there may be some people in a reasonable financial position to take that.

Also the "up to 30" pilots are pilots that were hired based on future aircraft deliveries, since those aircraft are not coming now, they are overstaffed.

Its not managment, its the economy stupid. I wish everyone at every aviation company the best of luck while we are ALL being affected.
 
Having a good thought for all those affected. I wish I had something smart to say.
 
I highly doubt that he is the only one on here that feels a few elder gentlemen have overstayed their welcome at their respective airline/fractional. Hell, my dad is one of em..retired airline and now frac captain. I see both sides of the argument. If you were just thrown by the wayside like so many have lately, you might understand JUNIOR's frustration. By the way, my dad is the best pilot on earth..for an old guy!
 
Chewbacca said:
CS is offering a great buy out plan for people, up to 9 months salary to leave. Since CS has about 70+ pilots over 60, there may be some people in a reasonable financial position to take that.

Also the "up to 30" pilots are pilots that were hired based on future aircraft deliveries, since those aircraft are not coming now, they are overstaffed.

Its not managment, its the economy stupid. I wish everyone at every aviation company the best of luck while we are ALL being affected.
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Yeah, except that their retirement has probably tanked as musch as yours and they have lots more to lose. Dont expect a lot of these guys to walk away under the "great" buyout. They may take the LOA for a few months though.

I'm willing to bet what little is left in my 401k that there's more going on here than they're saying. No proof, just a gut feeling.
 
I'am not so junior in age FYI these guy pushing 70 with kids out of college so on and so forth get out of the way so i can put my kid thru college can't get aviation out of blood rent an airplane for christ sake not trying to be an ass but it is what it is let the young bloods make a living they'll all be dead soon anyway LOL if they have not saved enough buy now shame on them i planned on retiring by age 58 thats out the window with the old timers taking up space sorry but that is the way i feel about it
 
That is the longest run-on sentence I have ever read...
 
Sorry man, but if that paragraph isn't being an ass, I don't know what is?

VRB115 Said;

I'am not so junior in age FYI these guy pushing 70 with kids out of college so on and so forth get out of the way so i can put my kid thru college can't get aviation out of blood rent an airplane for christ sake not trying to be an ass but it is what it is let the young bloods make a living they'll all be dead soon anyway LOL if they have not saved enough buy now shame on them i planned on retiring by age 58 thats out the window with the old timers taking up space sorry but that is the way i feel about it


Semore says;
As you posted above, get over it. Maybe their retirement plans are out the window as well now.

Your bellering seems pretty selfish considering this is a post about our fellow pilots losing their jobs.

You ought to be ashamed of yourself.
 
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vrb115 said:
I'am not so junior in age FYI these guy pushing 70 with kids out of college so on and so forth get out of the way so i can put my kid thru college can't get aviation out of blood rent an airplane for christ sake not trying to be an ass but it is what it is let the young bloods make a living they'll all be dead soon anyway LOL if they have not saved enough buy now shame on them i planned on retiring by age 58 thats out the window with the old timers taking up space sorry but that is the way i feel about it
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If I'm old and need to be pushed out to pasture then fine...

But I'm not leaving until there's a crop of folks that can speak English in a coherent manner, above a fifth grade level to replace me.

I was gonna put my papers in next week, but your post has put that off indefinitely.
 
glasspilot said:
If I'm old and need to be pushed out to pasture then fine...

But I'm not leaving until there's a crop of folks that can speak English in a coherent manner, above a fifth grade level to replace me.

I was gonna put my papers in next week, but your post has put that off indefinitely.
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That is some funny s@#t
 
Well so far we have layoffs at Flight Options, XOjet, and Citations Shares. Coming in January: Flexjet. How about NJ? I wonder if they will make it though without any
 
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Captainzero1 said:
I kept hearing from you frac guys that the frac business was recession proof. The rich will always spend and all that?
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Shuddup.

We reject your reality and substitute our own! 1.

(footnote: 1. Adam Savage)
 
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