CitationAir How Much Longer

[vrb115]

Only time will tell

 

[Gators]

What up?

 

[NETFLIER]

Citation air getting out of fractional business. Only 80 pilots will stay for managed aircraft. Owner contract will be allowed to lapse...

 

[johnnyride24]

So mass lay off?

 

[johnsonrod]

News source?

 

[NETFLIER]

Source: ca pilots/ca owners/NetJets sales team

Why some may be smiling, lives will be hurt, and This is never good as potential owners will be worried about coming into our industry..

 

[Gators]

Not cool, sorry to hear this depressing news

 

[G200_PILOT]

My wife works with a girl who's husband works there. So sorry to hear about this bad news. He said they got the bad news last night. Guys, management is management. We are pilots. No matter who we work for, we're all brothers and sisters in this industry. I hate hearing about more pilots on the street.

 

[BentOver]

How many fractional owners did you all have? Any idea what brought this on at this time?

Very sorry to hear this. From someone who knows it is not much fun....

 

[7on7Off]

Citation air getting out of fractional business. Only 80 pilots will stay for managed aircraft. Owner contract will be allowed to lapse...

No numbers were given. When official numbers are announced, I will be the first to post, but please don't spread rumors!

 

[doylehargraves]

I knew there would be consolidation but I never thought it would be you guys. Sorry to hear it. I hope the fractional model can stay alive. It seems the rich folk are still gun shy about the economy. Hopefully, we can get some spending under control and turn this thing around.

 

[squonk]

Sorry to hear this. Looks like it's going to get worse before it gets better.

 

[7on7Off]

Any idea what brought this on at this time

I'll break my own admonition and spread a rumor. It has been said that we were placed on the chopping block by Cessna so that NJA would make a large order.

 

[wacoflyr]

This sucks. I have two friends there. What the hell do they do now?

 

[Downwind]

I'll break my own admonition and spread a rumor. It has been said that we were placed on the chopping block by Cessna so that NJA would make a large order.

I could see that under the RTS days but not so much now. I don't really think Cessna is in the running for the coming mid cabin order.

Whatever the cause it sucks. Have friends on that side of the fence.

Sent from the great abyss