I heard about recent layoff in the Flexjet Dallas office last month- not sure if this also applied to Flexjet pilots.
I was also told that Flexjet laid off a significant amount of pilots and other staff last Fall- I didn't 100% believe the story, so I searched and found this article- I guess it's true.
24 October 2001
The Canadian Press
MONTREAL (CP) _ Bombardier Aerospace, battered by turmoil in the global airline industry, is set to announce production plans for a new business jet Thursday.
Aviation journalists and aerospace industry leaders have been convoked to the company's headquarters in the Montreal suburb of Dorval for a briefing on the new aircraft, which a company spokesman said Wednesday was a business jet.
She refused to give further details.
The company, the world market leader in regional aircraft, is also a leader in the business jet field. Analysts say business aviation is the only industry sector that has not felt a dramatic impact of the worldwide aviation slowdown since the Sept. 11 terrorist attacks in the United States.
The new aircraft is probably a derivative of an existing model. Bombardier makes the Challenger 604 wide-body corporate jet in Dorval, while producing the three-member Learjet family of smaller business jets in Wichita, Kan.
It also makes two large corporate jets: the long-range Global Express, and the Continental.
The company, a unit of Bombardier Inc. of Montreal, is the third-largest civil aerospace company in the world, well behind Boeing Co. and Airbus Industrie.
Besides manufacturing aircraft, it has a growing business jet fractional ownership company called Bombardier Flexjet, and does aircraft maintenance and pilot training.
However the company had to announce last month the layoff of 3,800 employees in the aerospace sector to cope with the aviation slowdown it expects will translate into lower aircraft sales. And if sales don't pick up next year, the company warns it could chop a further 2,700 jobs.
Bombardier Inc.'s other divisions also make rail transportation equipment and motorized recreational products like the Ski-Doo.
The company employs 79,000 people in 24 countries in the Americas, Europe and Asia-Pacific. Revenues for its fiscal year ended Jan. 31, 2001 totalled $16.1 billion.
In trading on the Toronto stock market Wednesday, Bombardier shares closed unchanged at $12 in trading of more than 3.6 million shares.