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Avantair - Very Interesting Audio Interview with CEO

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johnsonrod said:
Click the link to hear the interview with Avantair CEO Steve Santo. Talks about a lot of growth and the eventual addition of the Phenom 100 VLJ into the fleet in latter 2009 or early 2010.

Click here:

http://www.ainalerts.com/ainalerts/alerts/012408_podcast.html
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Phenom 100 jets are going to be very nice. Unlike the Eclipse 500. The interesting thing is going to be once they get the airplanes most likely people will be signing training contracts to get typed in damnn things. Better of at NetJets folks.
 
PilotChapin said:
Better of at NetJets folks.
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The only problem is NJ has a stack of resumes 4 feet high, where Avant Air, if you meet the mins, you can prety much just walk right in.

Of all the frax, NJ is the best deal, but the longest wait.
 
CALRepublic said:
The only problem is NJ has a stack of resumes 4 feet high, where Avant Air, if you meet the mins, you can prety much just walk right in.

Of all the frax, NJ is the best deal, but the longest wait.
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That's true. The only problem with what ya said, is that if you go to Avant and then get the call from Netjets and leave avantair... well, then they're gonna start harassing ya to pay them back 18K plus interest for their training expenses. Hell you might as well show up to the interview and tell them that you have $18,000 in the bank and that you would like to pay for your own training.
 
By the way, are they still having guys sign a $18,000 dollar contract?
 
Sparse said:
Sounds like the same speach I heard from the CS CEO three years ago. Talk is cheap.
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There's a big difference. As the CEO of a public company, he can be sued by investors for providing misleading information. There is a difference in this case - CS is not held to the same standards. You can't spin as easily.

I thought his points the impact of GAAP accounting (on reporting profitability) were interesting. The Phenom 100 sounds like an interesting aircraft - disappointed that it won't enter service with Avantair until maybe early 2010...
 
On Your Six said:
There's a big difference. As the CEO of a public company, he can be sued by investors for providing misleading information. There is a difference in this case - CS is not held to the same standards. You can't spin as easily.

I thought his points the impact of GAAP accounting (on reporting profitability) were interesting. The Phenom 100 sounds like an interesting aircraft - disappointed that it won't enter service with Avantair until maybe early 2010...
Click to expand...
Just remember, he used words like, "we believe", "we plan", "We forecast". And then there is always the "this statement includes certain forward looking data..........". They can say just about anything they like as long as they use words like this.
 
Flybet3 said:
By the way, are they still having guys sign a $18,000 dollar contract?
Click to expand...

22K prorated training agreement now. I'm 3 months into mine. I didn't want to sign it, but I am not going anywhere anytime soon.

This COULD be a great place to stay whereas NJA IS already a great place to have a career. I just like the idea of being in the top 200 vs. the bottom of a 4000+ pilot list (by the time they get to my resume they will have that many pilots). We shall see.
 
Geronimo4497 said:
22K prorated training agreement now. I'm 3 months into mine. I didn't want to sign it, but I am not going anywhere anytime soon.

This COULD be a great place to stay whereas NJA IS already a great place to have a career. I just like the idea of being in the top 200 vs. the bottom of a 4000+ pilot list (by the time they get to my resume they will have that many pilots). We shall see.
Click to expand...

I'm still trying to figure out as to how in the hell can their training contract be 22K? it costs around 22K to get a challenger type... and the Piaggio is a Single pilot, under 12500lbs airplane. How does that work exactly. Sounds like they're trying to make money from just about everywhere.
 
How are they making money from this? It's not the revenue source you are making it out to be.

If you don't like, don't sign it and don't come work here. I would much rather make the job so nice that nobody wants to leave. However, the usual MO in this business, a few bad apples can ruin the rest of the bunch.
 
Geronimo4497 said:
I just like the idea of being in the top 200 vs. the bottom of a 4000+ pilot list (by the time they get to my resume they will have that many pilots). We shall see.
Click to expand...


Would you pass on SWA to be senior at Skybus?

(not saying that Avantair is pondscum like skybus).
 
Surely would not. Hell, even Avantair pays more than Skybus. The pay could be better here for sure, but I refuse to fly around 100+ pax for crap money.
 
Geronimo4497 said:
If you don't like, don't sign it and don't come work here. I would much rather make the job so nice that nobody wants to leave. However, the usual MO in this business, a few bad apples can ruin the rest of the bunch.
Click to expand...

I'm sure that's what everyone said their first month with avantair.
 
Ceo

Sparse said:
Just remember, he used words like, "we believe", "we plan", "We forecast". And then there is always the "this statement includes certain forward looking data..........". They can say just about anything they like as long as they use words like this.
Click to expand...

Under no circumstances should anything the CEO at Avantair be believed. He is a lying, unscrupulous, pathetic person who will say anything at the moment that he thinks is appropriate at that time.

Talk of growth, etc. is fine. But, they're desperate for pilots, people are quitting, and last but not least, they're bleeding money every day. The 35 mil or so that was raised by going public is gone- where's the next influx of cash going to come from? Anyone who is considering working there- BEWARE. On the other hand, if you're low time and need turbine time, go, put your year in and leave. But, keep your mouth shut. After all, anyone can put up with those conditions for a year if it furthurs your career.
 
Mr. Pebbles said:
Under no circumstances should anything the CEO at Avantair be believed. He is a lying, unscrupulous, pathetic person who will say anything at the moment that he thinks is appropriate at that time.

Talk of growth, etc. is fine. But, they're desperate for pilots, people are quitting, and last but not least, they're bleeding money every day. The 35 mil or so that was raised by going public is gone- where's the next influx of cash going to come from? Anyone who is considering working there- BEWARE. On the other hand, if you're low time and need turbine time, go, put your year in and leave. But, keep your mouth shut. After all, anyone can put up with those conditions for a year if it furthurs your career.
Click to expand...


Are you still flying here? No flame intended.
 
Mr. Pebbles said:
Under no circumstances should anything the CEO at Avantair be believed. He is a lying, unscrupulous, pathetic person who will say anything at the moment that he thinks is appropriate at that time.

Talk of growth, etc. is fine. But, they're desperate for pilots, people are quitting, and last but not least, they're bleeding money every day. The 35 mil or so that was raised by going public is gone- where's the next influx of cash going to come from? Anyone who is considering working there- BEWARE. On the other hand, if you're low time and need turbine time, go, put your year in and leave. But, keep your mouth shut. After all, anyone can put up with those conditions for a year if it furthurs your career.
Click to expand...

Many will for sure disagree with what you said, but I must agree with many things you said.
1- They are very dersperate for Pilots (continuous overtime is being offered)
2- They are still bleeding money (one of the reasons why my friends left, and the few left want to leave)
3- If you are a low timer, and are desperate for a paycheck then go, get your time and move on.
4- Do keep your mouth shut, and try not to blow a tire or you will get fired. Remember no Anti-skid.

You need to make sure you can take the job, avantair is for sure a stepping stone, you will find this out very fast. Be sure that if you dont feel a bit comfortable with signing a contract then move on and dont work there. 4 of my friends left under the year and they all keep getting BS letter about having to pay back 18K. Two of my friends that work there were hired as Captains back in the day and both are just waiting for their phone call to leave. A year does go by fast, but once you're miserable that year can feel like an eternity.
Good luck guys, and dont be chumps.
 
Hey guys,
Speaking of Avanti as a stepping stone.........are they still not letting FO's touch the controls for quite sometime (not sure how long)??? I thing that's gay!!
WTF! they are not hiring 250 hr wonders!!!!....... are they?
 

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