NetJets--Earnings Release

[CA1900]

Can't it be both?

 

[wacoflyr]

.......A new wrinkle.

 

[fischman]

Isn't it amazing that when everyone believed he was BT at FLOPS, he denied denied denied?

Now, slience.

Hmmm......

 

[QOL_is_great:)]

HMMM Let's see--I think if you look back at my earlier threads (about 2 weeks ago)I said Netjets was bleeding out at a rate 2 mil a day for the first half of the year and was thoroughly brow beaten and told how wrong and screwed up I was by several on here. (you know who you are) But I think these numbers pretty much vindicate my statement. I also mentioned which entities were making money and which were not--take my word for it guys, I got that right too. I also made a few more statements about furloughs. They are coming guys! If you know anything about the psychological approach to an HR department you will know that they advocate lay-offs and furloughs during peak emotional highs---think holiday season! The rationale is that people are way up so when you take them down the low isn't AS low as it would normally be. Watch between Thanksgiving and the first 2 weeks in Jan for 300-500 pilots to go out the door. The dust doesn't need to settle on the early out and LOA packages, they already have a good idea what those numbers are and they aren't good enough. Read WBs biography Snowball if you want a little insight. He isn't that grandfatherly image you see on TV. RS was too compassionate in his "right sizing" efforts for the BH boys. I've seen it at other companies that are BH owned or where WB is on the board and carries the big stick. The blood letting is coming---operationally it will come relatively fast---from the HR perspective on the time table I predicted above unless the economy makes a miraculous recovery. There aren't going to be anymore compassionate "please leave" programs. Here is your 2 months furlough pay--cya! FOR WHAT IT IS WORTH DEPARTMENT: THIS IS ENTIRELY SPECULATION ON MY PART. But I have a pretty good track record so far!

Now I have a question for the "in the know" union bretheren. If BH wanted to sell off assets from NETJETS---hypothetically let's say NJI (Okatie, SAV maintenance, etc.) to an outside buyer (think one that is no longer employed by Netjets or say General Dynamics or Gulfstream) could they? What are the limitations imposed by the CBA or LOAs that would prevent this type action? I also understand that multiple owners have the airplanes---could they not transfer the management of these aircraft if they so desired? I don't know the answers to these questions--just asking!

The conspiracy grows!

If you knew so much (red highlights) before it happened then why do you have questions still? You should be telling all here what your great predictions are because there are many who don't know what will occur next besides furloughs.

Anybody who has paid attention knew NJA was and is bleeding coin, knew that change must happen and knew furloughs will be required. Did you know that some had hopes or kept a positive attitude to make their day go by? Reality is you knew no more or less than anyone else; it's just that the rest have choose to keep faith while preparing for the worst at NJA.

You don't troll the same waters as B19 do ya?

 

[gunfyter]

What we have seen so far does not say anything about how much money is bleeding everyday. The lion's share of losses (in this report) is not cash flow... they are accounting write-downs.

We have not seen the cash flow. Could be $2M, could be far less or far more.

 

[brokeflyer]

its the union's fault too.....those pilots get paid 90 million per year.

 

[netjetwife]

Either 19 works at Avantair, or 19 is a Liar.... Hmmm I can't decide.

Just go with CA1900's suggestion. It's easier... And it's right--Both.

You have to feel bad for the Avantair pilots that have fallen for B19's anti-union, management is perfect, just trust us .... BS. Imagine having a top level manager who has no integrity and lies to pilots ...:erm:

It brings Moisture to mind...err...eyes... NJ folks can say, been there, done that. The memory was bad enough to make you want to warn others.

Waco, this is probably quite "interesting" to those who didn't know, huh? If my husband worked at Avantair, unsettling is the word I'd use.

Fisch, you nailed it!

 

[jppt2000]

Either 19 works at Avantair, or 19 is a Liar.... Hmmm I can't decide.

Who said, "The less one lies, the less one has to remember"?

 

[QOL_is_great:)]

Just go with CA1900's suggestion. It's easier... And it's right--Both.

You have to feel bad for the Avantair pilots that have fallen for B19's anti-union, management is perfect, just trust us .... BS. Imagine having a top level manager who has no integrity and lies to pilots ...:erm:

It brings Moisture to mind...err...eyes... NJ folks can say, been there, done that. The memory was bad enough to make you want to warn others.

Waco, this is probably quite "interesting" to those who didn't know, huh? If my husband worked at Avantair, unsettling is the word I'd use.

Fisch, you nailed it!

Once a company grows past a certain size (don't know what that size is) it becomes necessary to have a union on the property. Just look at feel-good-LUV-feeling SWA. Great place to work and yet they have a union on property. They have their issues too, but less in frequency and size. Jetblue pilots are trying to start a union and one day too, they will have one. A managaement team can only pump so much feel-good juice and have everyone work as a team. A time comes and a union is the best way to protect the rights of it's members. Avantair will grow to a size that a union will be required to protect the rights and issues that give a nice QOL to its pilots. A union is the lesser of two evils.

 

[gunfyter]

who said, "the less one lies, the less one has to remember"?

-- confucius --

 

[HazMat]

You guys and wife are funny. You have plenty to worry about. Interesting that we are all feeling very secure in our jobs here at AvantAir. Say whatever you want. The company stood by it's employees, all of them like it or not. I would focus on your own situation and not pay too much attention to ours. We just sit back and laugh at this stuff. You all can continue to send your resumes in though. By the way there is no anti union stuff going on here it just doesn't come up at all. When you end up being the only company not to furlough that pretty much says it all.

 

[HazMat]

By the way NJW if your husband worked at Avantair you wouldn't have to worry about your family being affected. Sounds nice doesn't it?

 

[brokeflyer]

You guys and wife are funny. You have plenty to worry about. Interesting that we are all feeling very secure in our jobs here at AvantAir. Say whatever you want. The company stood by it's employees, all of them like it or not. I would focus on your own situation and not pay too much attention to ours. We just sit back and laugh at this stuff. You all can continue to send your resumes in though. By the way there is no anti union stuff going on here it just doesn't come up at all. When you end up being the only company not to furlough that pretty much says it all.

nice attitude...maybe you should direct your posts at individuals instead of a group.

 

[HazMat]

You are right it was directed towards certain individuals

 

[brokeflyer]

thanks for clearing that up...