Beyond Netjets, Which Would You Choose? Another Hypothetical Question...

[frapper]

How long is the estimated upgrade time at these other companies? NJA is obviously my first choice, but it would be nice to have a plan B. CS seems to be a decent 2nd pick. How's the QOL, sched, people, retirement, etc. there?

 

[captain dad]

NJA is at least three years if they keep going at the current pace of hiring. I think that is still a little optimistic. I think you could upgrade and pick the equipment you want instead of just taking the first available, within reason (400, ultra, xls, encore+, etc...), within five years at the latest. This is just an educated guess and all depends on three big things; aircraft purchases and deliveries, hiring rate, and continued expansion. Deliveries are still happening (no comment on the 4000), hiring is estimated at 400 to 450 for 2008, and we seem to be expanding for quite some time to come.

 

[finnjl]

Flex will be close to 3 years before long for upgrade

A CS FO told me he was also looking at 3 years for upgrade

 

[jtf]

I've got over 2 years now at NJA and I forsee at least another year and a half, maybe 2 before upgrade on first available- about 250 numbers between me and upgrade. I would guess at least 4 years for first available to a new hire and probably closer to 5 if we continue to grow at current pace for the next 5 years. I believe the union is advising newhires in basic indoc on about a 5 year wait. At least most of the fracs are finally paying FOs enough to wait.

 

[Fozzy]

Please help me with my math, but that 100% match of the first 6% is not that good.
$15500*6%=$930
So if you max out the company gives you $930?

 

[Humphreybogart]

Please help me with my math, but that 100% match of the first 6% is not that good.
$15500*6%=$930
So if you max out the company gives you $930?

You need to go back to high school and retake arithmetic, Kid. Or maybe you never made it that far?

 

[gunfyter]

Please help me with my math, but that 100% match of the first 6% is not that good.
$15500*6%=$930
So if you max out the company gives you $930?

Correct for someone who made $15500 per year and contributed it all to the 401K.

Careful Bogey or your will lose all your Gold like Fred C Dobbs....

 

[Flex-ible]

Please help me with my math, but that 100% match of the first 6% is not that good.
$15500*6%=$930
So if you max out the company gives you $930?

6% of your salary, not 6% of your contribution.

$75,000 *.06 = $4,500. I think.

 

[Fozzy]

You need to go back to high school and retake arithmetic, Kid. Or maybe you never made it that far?

Boggy,
That is why I asked the question. It is okay, didn't expect much from you anyways.
To bad your employer didn't see fit to match NJA's 401K match also.
Enjoy your pathetic match.