Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
Does 10/250 really work? I don?t want to destroy anyone?s dream?s, but has anyone run the numbers? Pilots? salaries are supposed to come out of the Monthly Management Fees (MMF), which also includes costs of maintenance, hangaring, reserves for refurbishing and repainting, operations, owner services, etc. I think the proper line item to look at in making your assumptions is the total MMF (not to be confused with other income or profits NJA may make from accounting treatment and other items ? and these items fluctuate from years to year ? if you want a share of the profits will you shares the losses??). The MMF for a 1/16th in an Excel is approximately $9500. That equates to a total annual MMF of $1,824,000 per Excel ($9500 x 16 x 12). I believe I have read on this board that staffing is 5 pilots per jet ? if so salaries alone before any benefits would be $1,250,000. Using a ?rule of thumb? of a 50% charge for employer taxes and benefits would bring just the pilot?s costs to $1,875,000 per jet or more than the total MMF. I wish you good luck but the numbers don?t seem to work.
Does 10/250 really work? I don?t want to destroy anyone?s dream?s, but has anyone run the numbers? Pilots? salaries are supposed to come out of the Monthly Management Fees (MMF), which also includes costs of maintenance, hangaring, reserves for refurbishing and repainting, operations, owner services, etc. I think the proper line item to look at in making your assumptions is the total MMF (not to be confused with other income or profits NJA may make from accounting treatment and other items ? and these items fluctuate from years to year ? if you want a share of the profits will you shares the losses??). The MMF for a 1/16th in an Excel is approximately $9500. That equates to a total annual MMF of $1,824,000 per Excel ($9500 x 16 x 12). I believe I have read on this board that staffing is 5 pilots per jet ? if so salaries alone before any benefits would be $1,250,000. Using a ?rule of thumb? of a 50% charge for employer taxes and benefits would bring just the pilot?s costs to $1,875,000 per jet or more than the total MMF. I wish you good luck but the numbers don?t seem to work.
if there are short falls the owners can pay more to cover them
or leave the NJA program, which just makes the problems worse.
Fresh Air -- funny you say that -- the last 2 planes I was on at NJA were manufactured in 1998 (and 1 arrived 7 hours late), and the last 2 at the "value" place were on time 2013 aircraft.
Gret -- I do not mean to break any hearts. We do have concern for the pilots and actually did speak to management in the past. But to spend 10-15 minutes during the flight speaking to a 7 year old girl and my wife (and not me) instead of being in the cockpit is in my opinion very unprofessional. Look at my posts in the past and I have advocated raises along with what I thought was a very effective and professional way to reach owners. The fact is most owners have no idea what the pilots are paid, but there are better ways to educate them. Educating owners and letting them send direction to the company is a better tactic than "the company has a whole big pile of money and I deserve some".
Does 10/250 really work? I don?t want to destroy anyone?s dream?s, but has anyone run the numbers? Pilots? salaries are supposed to come out of the Monthly Management Fees (MMF), which also includes costs of maintenance, hangaring, reserves for refurbishing and repainting, operations, owner services, etc. I think the proper line item to look at in making your assumptions is the total MMF (not to be confused with other income or profits NJA may make from accounting treatment and other items ? and these items fluctuate from years to year ? if you want a share of the profits will you shares the losses??). The MMF for a 1/16th in an Excel is approximately $9500. That equates to a total annual MMF of $1,824,000 per Excel ($9500 x 16 x 12). I believe I have read on this board that staffing is 5 pilots per jet ? if so salaries alone before any benefits would be $1,250,000. Using a ?rule of thumb? of a 50% charge for employer taxes and benefits would bring just the pilot?s costs to $1,875,000 per jet or more than the total MMF. I wish you good luck but the numbers don?t seem to work.
Yes. We have. The company can afford 10/$250 NOW without any impact to most of the owners, except Mr. Buffett. He is just going to have to get his money a little slower.
Keep in mind the company is making money on operations only at this time. A lot of money. To add on top of that, they are selling airplanes now. A lot of planes.
There is no reason an owner needs to even know their pilots are finally being paid a good wage, except that the service and mood of the crews is going to be more superb.
Are you foolish enough to actually believe in profit sharing? And you say I don't understand business??? HA!!!Don't get me wrong, I believe that the pilot group (and every employee for that matter, myself included) deserves a bump in pay now that the company is consistently profitable...it's the easiest way to keep workers happy which ultimately keeps customers happy and remaining as customers...money talks when speaking with professionals, not ice cream socials at BWY, jeans day or feel good emails...profit sharing was a major plus in my book.
But at the same time, I understand why my salary CANNOT and WILL NOT be doubled just by remaining in my same position for 10 years. And there are many, many, many less of us than pilots....and we earn much, much less even at current rates.
Yes. We have. The company can afford 10/$250 NOW without any impact to most of the owners, except Mr. Buffett. He is just going to have to get his money a little slower.
Keep in mind the company is making money on operations only at this time. A lot of money. To add on top of that, they are selling airplanes now. A lot of planes.
There is no reason an owner needs to even know their pilots are finally being paid a good wage, except that the service and mood of the crews is going to be more superb.
....this person does not
I don't think you are familiar with reality at all. Especially if you actually are a scheduler. Make your lines look pretty on the computer screen instead of letting the crews get ready for the next day. Let us worry about our CBA and the owners. We're good at it.@fisch
My payroll check says Netjets, same as yours...and look me up on NJ email based on my username...it's not that hard to find out who I am
I didn't say you were wrong, I said you don't know how it works...since you're on the topic of growing up, let me dumb it down so an immature child like yourself could understand....if Dad said curfew was at 9, and you consistently got home at 10, what happened? Got in trouble. If WB wants $X ROI, and we only deliver X-Y consistently, what happens? Right now we're always getting home at 8...and 10/250 is like getting home at 9:10 and sneaking in the window, trying not to get caught...might be ok for a while, but will be trouble later on
Just as you would like to try and have me prove you wrong, I'd like to see the union's projection on the bottom-line impact of 10/250 over the next, say, 8 years, as more and more PICs get tenure. I don't claim to know specifics, but I know reality. Seems you claim know specifics, but not reality
I don't think you are familiar with reality at all. Especially if you actually are a scheduler. Make your lines look pretty on the computer screen instead of letting the crews get ready for the next day. Let us worry about our CBA and the owners. We're good at it.
Care to elaborate on my skewed view on reality? What do we do that keeps you from getting the job done? (PM me if you want some real answers to your questions) As far as I know it's all legal based on your last mutually agreed upon contract with the company. Perhaps you'd like a 10 hr max duty day for 10/250 as well?