• NC Software is proud to announce the release of APDL - Airline Pilot Logbook version 10.0. Click here to view APDL on the Apple App store and install now.
  • Logbook Pro for Apple iOS version 8.1 is now available on the App Store. Major update including signature endorsements and dark/light theme support. Click here to install now.

Former USAirways CEO Siegel Named XOJet CEO

On Your Six

Well-known member
Joined
Mar 8, 2004
Posts
4,509
Total Time
9,500
Pretty interesting development. Let's hope Siegel doesn't repeat his USAirways performance here...

Former US Airways chief Siegel named XOJet CEO

Mon Oct 6, 2008 12:50am EDT Oct 6 (Reuters) -

XOJet Inc, a private aviation company backed by buyout firm TPG Inc, on Monday named former US Airways Group Inc (LCC.N: Quote, Profile, Research, Stock Buzz) head David Siegel as its chief executive.

Siegel, who was US Airways' CEO from 2002 to 2004, will take over from Paul Touw, the company's founder, who will become executive chairman, the company said in a statement. In May, the San Carlos, California-based company said it had arranged $2.5 billion of financing to expand its fleet and better compete with rivals such as NetJets Inc, owned by Warren Buffett's Berkshire Hathaway Inc. (Reporting by Ajay Kamalakaran in Bangalore; Editing by Lincoln Feast)
 

dash_trash

Well-known member
Joined
Feb 23, 2005
Posts
173
Total Time
>5K
OUCH!!!

Siegel was at the helm as USAir went into Bankruptcy (first time) and lead the fight for concessions from the pilots and the other groups.

As a matter of fact he earned several bonuses as the result of concessions gained from the pilot group.

On his way out the door ... he had a 30 day window to exit the company and receive a $5M parachute ... he repeatedly stated he was in it for the long haul and wasn't going anywere ... well with less than a week left to pop the chute ... he split.

Good luck to you all.
 

On Your Six

Well-known member
Joined
Mar 8, 2004
Posts
4,509
Total Time
9,500
I think he has been working for Sky Chefs (airline food catering) since leaving USAirways with $5 million. Hopefully his years in catering will benefit XOJet and its passengers (as long as they don't serve Sky Chef food)...
 

Buckeye

Member
Joined
Feb 3, 2003
Posts
364
Total Time
-
Look at what Mikey Scherringa did for FLOPs, now XO has been honored by hiring another USeless Air Management tool. Best of luck to you guys.
 

brokeflyer

Well-known member
Joined
Apr 12, 2005
Posts
2,374
Total Time
1501
sorry to hear this for you guys......good luck. Dont let 'em push you around.
 

t-bone

Well-known member
Joined
Feb 26, 2002
Posts
641
Total Time
6000
Trust me, there was a collective groan and several WTFs when this was announced. Siegel has been on our Board of Directors for several months now, and so far there have been no changes for the worse.

Our Director of Operations came in with less than favorable reviews from his previous airline, and he has been GREAT for our pilot group. So, while we can't forget what has happened in the past, we have to give our new CEO the benefit of the doubt.

Wish us luck.
 
Last edited:

X-Wind

Well-known member
Joined
Jul 6, 2004
Posts
82
Total Time
12500
Interesting!



Being given several chances in my life, I think thats the best thing to do..
Give him a Chance!
 

On Your Six

Well-known member
Joined
Mar 8, 2004
Posts
4,509
Total Time
9,500
Interesting!



Being given several chances in my life, I think thats the best thing to do..
Give him a Chance!

Cut T-Bone some slack. Not much the pilots can do at this moment but watch the situation closely.
 

X-rated

Well-known member
Joined
Dec 29, 2005
Posts
498
Total Time
8000+
Trust me, there was a collective groan and several WTFs when this was announced. Siegel has been on our Board of TDirectors for several months now, and so far there have been no changes for the worse.

Our Director of Operations came in with less than favorable reviews from his previous airline, and he has been GREAT for our pilot group. So, while we can't forget what has happened in the past, we have to give our new CEO the benefit of the doubt.

Wish us luck.

Yep, I have to agree with T-Bone. We're all more than a little concerned. However, we have to give the guy a chance. He's smart, and hopefully he will realize this is not an airline. The rules from his past do not apply.

We have been told that our Executive Chairman will continue to set the tone and determine our company culture. Paul is incredibly pilot/employee friendly, and he truly believes that motivated employees are what makes a company successful. That will not change, and I believe Paul will not sit by and watch anyone destroy what he has built.

Siegel has my support until he proves unworthy of it. If he tries to rouen our exceptional company culture he will destroy the essence of who we are and what makes us successful. Allowing that to happen is not in anyones best interest, and I am sure Mr Siegel has been clearly made aware of that.

Thanks to all for the kind words of support. These are interesting times...
 

Wacopilot

Well-known member
Joined
Sep 11, 2003
Posts
176
Total Time
5000+
Nice, Now you are sure to never make money.

Waco
 

FLYLOW22

Well-known member
Joined
Jun 3, 2004
Posts
2,382
Total Time
TT
Maybe you guys will get to fly RJs! Siegel made sure that there were more RJs than Mainline planes in U colors.
 

993_Pilot

MIGS
Joined
Jul 12, 2008
Posts
569
Total Time
20 yrs
...We have been told that our Executive Chairman will continue to set the tone and determine our company culture. Paul is incredibly pilot/employee friendly, and he truly believes that motivated employees are what makes a company successful. That will not change, and I believe Paul will not sit by and watch anyone destroy what he has built...

S.Michael Sheeringa still sits on the board of Flight Options too, it doesn't really mean crap. In fact it could just be a face saving maneuver the board let him have when they yanked his butt out of the CEO seat. Best of luck to you XO pilots, you'll probably need it. When you do, call 866-505-1108.
 

jonjuan

Honey Ryder
Joined
Feb 26, 2004
Posts
4,155
Total Time
3,000+
Maybe you guys will get to fly RJs! Siegel made sure that there were more RJs than Mainline planes in U colors.

They would be lucky-the Global XRS and 5000 are derivatives of the CRJ (same tube, different wing).
 

OPECJet

1700
Joined
Nov 7, 2003
Posts
2,312
Total Time
5K
Maybe you guys will get to fly RJs! Siegel made sure that there were more RJs than Mainline planes in U colors.

He had a little help from the AAA MEC.

Yes, he still sucks....
 

caseyd

Well-known member
Joined
Oct 14, 2004
Posts
159
Total Time
25K
Trust me, there was a collective groan and several WTFs when this was announced. Siegel has been on our Board of Directors for several months now, and so far there have been no changes for the worse.

Our Director of Operations came in with less than favorable reviews from his previous airline, and he has been GREAT for our pilot group. So, while we can't forget what has happened in the past, we have to give our new CEO the benefit of the doubt.

Wish us luck.

I understand the groan. You should all pay attention. When TPG made their investment a certain path was set for XO Jet. These guys are serious investors who pony up when they see potential. Dave Seigel is now their point man on this deal. Having said that, when TPG invests significant bucks it is unlikely they failed to grasp the source of value, in this case it is the travel experience as provided by the pilots. I suspect DS views pilots at XOJ differently than those at USAirways. OX Jet pilots are the face of the business to their customers. I suggest you cultivate that reality. At the airline, pilots have surrendered the role to agents, flight attendants and ticket agents, which has diminished their position in the value proposition. Not so at the fractionals, charter or part 91 operations.

Keep doing you jobs. Offer the customer value and good reason to continue the relationship. Partner with Seigel and TPG. I suspect a muturally beneficial partnership is available.

From a guy who knows both parties...

caseyd
 

X-rated

Well-known member
Joined
Dec 29, 2005
Posts
498
Total Time
8000+
I understand the groan. You should all pay attention. When TPG made their investment a certain path was set for XO Jet. These guys are serious investors who pony up when they see potential. Dave Seigel is now their point man on this deal. Having said that, when TPG invests significant bucks it is unlikely they failed to grasp the source of value, in this case it is the travel experience as provided by the pilots. I suspect DS views pilots at XOJ differently than those at USAirways. OX Jet pilots are the face of the business to their customers. I suggest you cultivate that reality. At the airline, pilots have surrendered the role to agents, flight attendants and ticket agents, which has diminished their position in the value proposition. Not so at the fractionals, charter or part 91 operations.

Keep doing you jobs. Offer the customer value and good reason to continue the relationship. Partner with Seigel and TPG. I suspect a muturally beneficial partnership is available.

From a guy who knows both parties...

caseyd

Great post. It is insightful, and I believe 100 percent accurate.

That is unusual around here.
 
Top