Flight Dept. CLOSED/CLOSING/SHRINKING?

[gret]

From the New York Times today-

On Wednesday, Starbucks said it would sell two of its three corporate jets, a Gulfstream 550 and a Gulfstream V, to save money.

 

[fob727]

I believe everything I read in the Times.

 

[semperfido]

Obama said it was going to get worse before it gets better.

 

[BoilerUP]

How many of these companies are announcing they'll sell their airplanes to appease shareholders and quell bad PR, but will continue to operate them until they sell...knowing full well that sale may not come for 6 or more months, well after this 'hot-button' issue has been long since forgotten?

 

[AbOvo]

I would say a majority of them are doing just that. It's part of the PITA of being a public company.

 

[Shag McNasty]

How many of these companies are announcing they'll sell their airplanes to appease shareholders and quell bad PR, but will continue to operate them until they sell...knowing full well that sale may not come for 6 or more months, well after this 'hot-button' issue has been long since forgotten?

These airplanes will be sold and they will not come back for a long time. It's the end of an era of greed and wasteful spending. It's only January, you'll see more downsizing in the months to come. Time to face reality.

 

[sleepy]

starbucks is only selling 1 plane...at least as of now.

I just read that they are selling 2 and keeping 1. I guess the press got it wrong.

 

[sleepy]

Who is buy all of these aircraft? Nobody is really selling aircraft because nobody is buying aircraft.

 

[Rick James]

These airplanes will be sold and they will not come back for a long time. It's the end of an era of greed and wasteful spending. It's only January, you'll see more downsizing in the months to come. Time to face reality.

I don't think the use of corporate aircraft always qualifies as "greed and wasteful spending". You're on the wrong forum if you want to spew that nonsense.

 

[cjdriver]

Nortel selling a F50 in Ottawa.

 

[Shag McNasty]

I don't think the use of corporate aircraft always qualifies as "greed and wasteful spending". You're on the wrong forum if you want to spew that nonsense.

From a personal standpoint I agree with you. But, if you think the average American views a corporate aircraft as a business tool then you're on the wrong planet. To a guy who's lost his job, his house and everything else he's worked hard for, he sees nothing wrong with CEO's flying American, Delta or United. That is the current reality we live in. May as well get used to it.

 

[PMVULB AvMgr]

Lehman Brothers 2-G4's, 1-F50, 1-S76
Merrill Lynch 1-GEX, 1 G4

Pepsi selling 1-F50

Lehman (or whoever is administering that debacle) is also still trying to sell the G-550 that was to deliver a few weeks after the company went down the sewer.

As far as I know, Pepsi's Falcon 50's were replaced by G-4's - to aid their Indian born Chairwoman ease the regular trips to/from India.

 

[Rick James]

From a personal standpoint I agree with you. But, if you think the average American views a corporate aircraft as a business tool then you're on the wrong planet. To a guy who's lost his job, his house and everything else he's worked hard for, he sees nothing wrong with CEO's flying American, Delta or United. That is the current reality we live in. May as well get used to it.

Agreed, perception is everything.

 

[siucavflight]

Lehman (or whoever is administering that debacle) is also still trying to sell the G-550 that was to deliver a few weeks after the company went down the sewer.

As far as I know, Pepsi's Falcon 50's were replaced by G-4's - to aid their Indian born Chairwoman ease the regular trips to/from India.

Pepsi had a Challenger 601, they just took delivery on a Global Express.

My company just informed me today that they are buying another G-550, chief pilot said that they got a price on it that was unbelievable, owner could not pass it up. I wonder who owned it?

 

[Shag McNasty]

My company just informed me today that they are buying another G-550, chief pilot said that they got a price on it that was unbelievable, owner could not pass it up. I wonder who owned it?

Not to sound harsh but if you're going to brag about your good fortune while others are suffering, maybe you should follow it up with where you work so someone here can get re-employed.

 

[lewis flyer]

I'd like to think SIU was just using his personal experience to illustrate the market has two sides to the coin. These aircraft are not evaporating, someone will buy them on the cheap and hire pilots.
When they start mothballing them in the desert like the airliners tend to do, then we will be screwed.

Best wishes to everyone being displaced, I have been there numerous times and things always seem to work out. Having some good understanding friends and family in times like this is a blessing.

 

[mesaserf]

Not to sound harsh but if you're going to brag about your good fortune while others are suffering, maybe you should follow it up with where you work so someone here can get re-employed.

Nope... not worth the effort.

 

[Coool Hand Luke]

I'd like to think SIU was just using his personal experience to illustrate the market has two sides to the coin. These aircraft are not evaporating, someone will buy them on the cheap and hire pilots.
When they start mothballing them in the desert like the airliners tend to do, then we will be screwed.

Best wishes to everyone being displaced, I have been there numerous times and things always seem to work out. Having some good understanding friends and family in times like this is a blessing.

I agree. I think SIU makes a good point. I got the furlough notice on Jan 9 after my company sold one of our aircraft. I got a new gig a week later with a company that is taking advantage of the low prices and growing. There are and will continue be opportunities out there for strong companies to grow.

 

[Cat3C]

Pepsi had a Challenger 601, they just took delivery on a Global Express.



Are we talking the same company? Pepsi Americas out of MSP got the Global - is that the same as Pepsi?

 

[siucavflight]

Not to sound harsh but if you're going to brag about your good fortune while others are suffering, maybe you should follow it up with where you work so someone here can get re-employed.

Bragging? How did that come at all across as bragging? I was trying to let you guys know that there is hope out there, while the big companies that are going under and flight departments that are closing make big headlines, I thought it would be nice to share with you guys that there is hope out there, the airplanes are not being sent out to the woodpile, people are buying them, they will be flown again, the fact that we are getting another one means that we will be hiring pilots, and I am sure that some of those that we will be hiring will come from departments that have closed down.
As far as posting where I work on a public forum I will simply not do that, however some have sent me PM's and I have politely answered them, and hopefully pointed them in the right direction.
Sorry if I came across as bragging, as that was not my intention.

 

[Cat3C]

bragging

Tensions are running at an all time high SIU. No harm-no foul- play on. I think we all just need to get together and drink. Hopefully we can do that without the media and others getting a wedgie.

Blenders on- whadll ya have?

 

[gret]

Pepsi had a Challenger 601, they just took delivery on a Global Express.





Are we talking the same company? Pepsi Americas out of MSP got the Global - is that the same as Pepsi?

PepsiAmericas is a regional bottler and distributer.

 

[siucavflight]

PepsiAmericas is a regional bottler and distributer.

I am not sure if we are all talking about the same company but Pepsi used to have a CL 601 out of MSP tail was N815PA they are now going with a GLEX, as you can see they have not flown that aircraft for 31 days.
http://flightaware.com/live/flight/N815PA

 

[G4G5]

Pepsi had a Challenger 601, they just took delivery on a Global Express.



Are we talking the same company? Pepsi Americas out of MSP got the Global - is that the same as Pepsi?

I was referring to the Pepsi corporate flt dept @ HPN

 

[psysicx]

Did/does Hilton have any aircraft? Did they sell them off once they merged with Blackstone? If not are they going to relocate them since there closing the Bev Hills office?

 

[semperfido]

read this Mr McNasty:

www.nytimes.com/2009/02/01/opinion/01garvey.html?th&emc=th

 

[sleepy]

Nope... not worth the effort.

I don't blame you, I posted openings here a few times and got nothing but grief for it. Unfortunantly you are correct.

 

[Kiwi]

This puts an intersting spin on jets for sale.

http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10554626

Fortunately my dept is still going very strong. fingers crossed.

 

[JJET44]

But, if you think the average American views a corporate aircraft as a business tool then you're on the wrong planet. To a guy who's lost his job, his house and everything else he's worked hard for, he sees nothing wrong with CEO's flying American, Delta or United. That is the current reality we live in. May as well get used to it.

Here's my theory!!

Corporate uses the jet to get engineers, management, etc. to facilities/stores that they may have in Bum F**k Egypt and may not be serviced by an airline. Take away the company jet and you take away the companies' ability to operate/inspect/manage. Because of this they close the facility/store in lu of a more accessible facility/store and people in BFE lose their jobs.

Maybe instead of getting rid of the company jet because of stupid peoples perceptions, corporate should explain this to Joe the chicken choker or Jane the coffee maker.

 

[siucavflight]

Here's my theory!!

Corporate uses the jet to get engineers, management, etc. to facilities/stores that they may have in Bum F**k Egypt that may not be serviced by an airline. Take away the company jet and you take away the companies' ability to operate/inspect/manage. Because of this they close the facility/store in lu of a more accessible facility/store and people in BFE lose their jobs.

Maybe instead of getting rid of the company jet because of stupid peoples perceptions, corporate should explain this to Joe the chicken choker or Jane the coffee maker.

JJEt, while I like your theory I do not think that the public cares about a reasonable answer. Consider this: being wealthy or making a lot of money in this country has suddenly become politically incorrect, and the reason for this is simple, they are jealous, they see corporate jets as another symbol of someones wealth and they are jealous of it. This country is about to be ruined by the politically correct crowd.