FLOPS SOLD? Fact or Fiction!

[On Your Six]

I wouldn't get to excited. Not to bust anyones balls at NJ but look who owns them. BH or Uncle Warren and it's not like their checks are busting at the seams. Just because a big wealthy company owns you doesn't mean that the employees will benefit.

I am still looking to get out quick.

Hey, with that 800XP experience, you can apply to Netjets!

 

[Dep676]

You don't make big profits in aviation if you spend all of your money on employees.
I think they will worry more about the share holders than the pilots.

Yeah I know that is why I am saying don't get to excited about some big time investment firm possibly buying us (Options).

 

[dalegribble]

Nice ad for the Carlyle Group on the previous page, but here is the fact of the matter:

Yes Carlyle is all of those things, they are also heavily financed through the Saudi's

The most important thing about Carlyle is that they are an investment group and to make money for their investors they buy companies, expand them and make them bigger. They put tremendous pressure on their companies by forcing wage, raise, benefit etc.... cuts. I am sure they would not think twice about sacrificing maint. and safety areas to turn a buck.

 

[Heavy Set]

Nice ad for the Carlyle Group on the previous page, but here is the fact of the matter:

Yes Carlyle is all of those things, they are also heavily financed through the Saudi's

The most important thing about Carlyle is that they are an investment group and to make money for their investors they buy companies, expand them and make them bigger. They put tremendous pressure on their companies by forcing wage, raise, benefit etc.... cuts. I am sure they would not think twice about sacrificing maint. and safety areas to turn a buck.

So, you're suggesting Gemini Air Cargo (also owned by Carlyle Group) is unsafe? Its record says otherwise... Look, you wouldn't invest in anything if it wouldn't ultimately give you a good return on investment (ROI). As far as I am concerned, it is better to be backed by a group with serious cash than a group with little resources...

It may be true that the Saudis have bankrolled this group, but some pretty reputable people work for Carlyle including James Baker (former Secretary of State under Bush Sr.), Frank Carlucci (former Defense Secretary) and John Major (former Prime Minister of England). Not too shabby... I'll bet that Colin Powell makes his way to Carlyle Group after he retires from the Government (Carlyle Group is based in Washington D.C.).

I would say that growth (potentially in Europe like Netjets) would be a distinct possibility because they won't be able to cut pilot salaries that much without getting a big backlash - not good in a service business... Revenue growth with slight margin contraction is probably the big aim - including stunting NJA's growth in Europe and the Middle East most likely. Who knows? We could see some serious fleet upgrades and growth in aircraft numbers - it could happen to increase the overall "value" of the venture for Carlyle... Cost cutting alone won't boost the value in the event they want to ultimately sell it or take it public. It should be interesting.

 

[waka]

Nice ad for the Carlyle Group on the previous page, but here is the fact of the matter:

Yes Carlyle is all of those things, they are also heavily financed through the Saudi's

The most important thing about Carlyle is that they are an investment group and to make money for their investors they buy companies, expand them and make them bigger. They put tremendous pressure on their companies by forcing wage, raise, benefit etc.... cuts. I am sure they would not think twice about sacrificing maint. and safety areas to turn a buck.

Who funds the Saudis? We do!

 

[FLOPSwife]

Look, you wouldn't invest in anything if it wouldn't ultimately give you a good return on investment (ROI). As far as I am concerned, it is better to be backed by a group with serious cash than a group with little resources...

Needed repeating!!!!!!!!!!!!!!!!!!!!!

 

[minimums]

Sources?

Like all rumors, no one quotes a source. I am not looking for names, but a little clue about where these rumors start might add a little credibility, such as a brother of one of our board of directors says............

Otherwise, like others, I will believe it when Flight Options tells us 6 months later, when the sale is complete.

 

[dalegribble]

Time wil tell, and you are right on about Gemini, I just hope all works out for all involved and that it creates more pilot jobs. None of us will get a raise to a reasonable salary until there are less resume's sitting on file at these companies.

Did not realize Baker and the like were involved. They certainly add credibility to the group.

We fly double to triple the average hours ofcorporate guy and make a third of the salary in some cases

 

[FracCapt]

Like all rumors, no one quotes a source. I am not looking for names, but a little clue about where these rumors start might add a little credibility, such as a brother of one of our board of directors says............

Most of them come from a friend of a friend who has a buddy who knows the brother in law of the guy that shines the CEO's shoes. THAT, my friend, is why they are all so credible!

 

[ultrarunner]

Who funds the Saudis? We do!

You hit the nail on the head there.

Heck, it was our money that financed that whole 9/11 thing. Cut these guys off the greenbacks, and we don't have a terrorist problem.

 

[minimums]

Most of them come from a friend of a friend who has a buddy who knows the brother in law of the guy that shines the CEO's shoes. THAT, my friend, is why they are all so credible!

NOW I can sleep better at night, 'cause it has to be TRUE!

I think I will go buy that new Benz this weekend.

 

[Publishers]

Carlyle runs a very tight ship=== very cost oriented.

 

[Live4flyng]

And

Baker is an owner at NJ. Very interesting, love how management gets everyone side tracked with some goofy story.

 

[AA717driver]

Baker is an owner at NJ. Very interesting, love how management gets everyone side tracked with some goofy story.

Being an owner at NJ doesn't equate to diehard loyalty. Carlyle probably saw BH raking in money from NJ and decided to get in the game.

People at this level have loyalty to only one entity--themselves. If they can get their costs down without causing costs to rise elsewhere(ie. training) they will do it.

Good luck to all.TC

 

[Grim Reaper]

Sale to Carlyle Group: Unlikely! Willing to bet ya that it is nothing more than FBO and aviation maintenance pricing discussions.