Does Flex pay as well as NetJets

[NCherches]

Seems like the Flex pay scale is up there with NetJets... is that true?

 

[Grizz]

In less than a month, I'll cross over the 9 year mark for pay. My daily rate is $704.13. In real dollars, I'll bring in around $135-140K on my W-2 this year.

On Airline Pilot Central, it shows the daily rate for 9 year FlexJet guys at either $650 (Challenger) or $616 (Lear)

That looks like less pay to me. Of course, if someone chose to work 275 days a year, they would make more than me. That's ok though, I prefer time off with a comfortable lifestyle.

 

[G200_PILOT]

What's the benefits package like over there?

Do they have to pay for their insurance?

What's their 401K like? How much does the company match?

Do they get per diem AND crew food whenever they're on duty?

Do they offer loss of medical insurance?

How about a Hyatt legal plan?

What type of life insurance do they offer?

Do they stay at quality hotels such as Hiltons, Marriotts, and Hyatts while being able to retain their points for their stays?

What is their uniform allowance?

Does their company allow the crew members to book personal travel using the company's discounts?

__________________________________

I ask these because I don't know the answers to them. There's no attack there. Just interested in comparing the two sides to get a real picture as to the entire "compensation package."

 

[gunfyter]

They have a Pension plan

 

[hammer2]

They have a Pension plan

Only to current employees who chose to continue with the pension. It is no longer offered to that mythical being of a time long past called a "new hire".

In the end a netjet pilots w-2 will have bigger numbers than a flex pilots.

 

[gunfyter]

Only to current employees who chose to continue with the pension. It is no longer offered to that mythical being of a time long past called a "new hire"..

I didn't know that....

 

[jonjuan]

Only to current employees who chose to continue with the pension. It is no longer offered to that mythical being of a time long past called a "new hire".

In the end a netjet pilots w-2 will have bigger numbers than a flex pilots.

What did they replace the pension to new hires with? Had to have been something.

 

[V1 Rotate]

They contribute a lot more to your 401k. I believe they still match 100% up to 6%, maybe a little more, plus an additional 2-4% based on a few variables.

 

[doh]

Everyone can contribute up to $16,500 to their 401k this year I think. Beyond that, I stayed in the pension plan. I also contribute $1,000/paycheck to a regular investment fund because you should have some post tax $$ invested as well. I don't know off hand what my daily rate is, but when I finally upgrade I will kick in a little more to the post tax kitty.

 

[G200_PILOT]

Everyone can contribute up to $16,500 to their 401k this year I think. Beyond that, I stayed in the pension plan. I also contribute $1,000/paycheck to a regular investment fund because you should have some post tax $$ invested as well. I don't know off hand what my daily rate is, but when I finally upgrade I will kick in a little more to the post tax kitty.

Wow, $1000 is a good chunk of change to invest every two weeks. That's awesome.

 

[Club ORD FO]

On Airline Pilot Central, it shows the daily rate for 9 year FlexJet guys at either $650 (Challenger) or $616 (Lear)
.

Also remember that those years of service are minus one, meaning a 9 year captain is actually on year 8 pay. Versus a nine year captain at netjets who is on year 9 pay. I have no clue why they do it that way.

 

[Club ORD FO]

What's the benefits package like over there?

Do they have to pay for their insurance?

Yes

What's their 401K like? How much does the company match?

100% of first 6%, plus a 2-4% match based on things I cant remember

Do they get per diem AND crew food whenever they're on duty?

Yes

Do they offer loss of medical insurance?

Um, this I am not sure about

How about a Hyatt legal plan?

Dunno what that is so I guess not

What type of life insurance do they offer?

Company paid plan. Not sure of the details, but 3 times annual salary comes to mind. Might be wrong

Do they stay at quality hotels such as Hiltons, Marriotts, and Hyatts while being able to retain their points for their stays?

Generally Hilton or Priority club properties

What is their uniform allowance?

$200 a year, I think

Does their company allow the crew members to book personal travel using the company's discounts?
nope


__________________________________

I ask these because I don't know the answers to them. There's no attack there. Just interested in comparing the two sides to get a real picture as to the entire "compensation package."

I can help with some of those, answers in red above

 

[DUATS]

Each company has its advantages and disadvantages. In bottom line dollars, I think a Netjets pilot makes more over a career than a Flexjet pilot. We can argue about it, but the anecdotes I hear about Flexjet make me think its a good company. They include:
- a pilot permanently disabled in a traffic accident who was given a position in training so he could keep working;
- pilots who were allowed to take the jet home because of a family emergency or the birth of a child;
- incredible scheduling flexibility, especially for pilots with difficult situations at home (like long-term illness of a spouse).

Both food companies - which hopefully will be successful in the future so the 580 furloughees between the two companies can get back to work.

 

[gunfyter]

hopefully will be successful in the future so the 580 furloughees between the two companies can get back to work.

:beer:

 

[Hung Start]

Actually, both companies do pay the same,,,,,,,on unemployment.


Just couldn't resist the dig. :beer:

Hung

 

[G200_PILOT]

Actually, both companies do pay the same,,,,,,,on unemployment.


Just couldn't resist the dig. :beer:

Hung

Ouch that hurts. But.... The state of Ohio pays more than Texas. We can do this all day. :0)

 

[OPECJet]

Actually, both companies do pay the same,,,,,,,on unemployment.


Just couldn't resist the dig. :beer:

Hung

Lousy comment, but I still find it funny for some reason.

 

[Hung Start]

Well, I do write that with humor in mind, since I'm one of the joint 575 or so on the outs. We're all in the same leaky boat.

 

[rajflyboy]

In less than a month, I'll cross over the 9 year mark for pay. My daily rate is $704.13. In real dollars, I'll bring in around $135-140K on my W-2 this year.

On Airline Pilot Central, it shows the daily rate for 9 year FlexJet guys at either $650 (Challenger) or $616 (Lear)

That looks like less pay to me. Of course, if someone chose to work 275 days a year, they would make more than me. That's ok though, I prefer time off with a comfortable lifestyle.

But what you failed to mention is thats the pay on the 18 day schedule. Thats not 7 n 7 pay

 

[Xcorporate]

That's hilarious. and sadly true....I need a drink.