Hear things are pickin up at Netjets, whats the scoop?

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Will there be some interviewing soon? Those 100 bases are looking nice.
 

jegermeister

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Flying is picking up with the coming busy season and also as the economy picks up. Having said that don't look for any hiring until we reach our previous levels of flying before the economy down turn.
 

tdwnds1

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From what I have been hearing, July was the first signs of a turnaround. I have it on good information that are are at least 7-8 fewere furloughs at CS than first announced. Also seems like some of the management companies are starting to pick up airplanes again.

At the very least things are starting to move...a little.

Stil...its a big hole to climb out of.
 

atpcliff

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Hi!

Things are picking up in East Africa, the ME according to what we are experiencing.

cliff
NBO
 

RP170

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Flying is picking up with the coming busy season and also as the economy picks up. Having said that don't look for any hiring until we reach our previous levels of flying before the economy down turn.
The bookings look pretty weak for the Labor Day holiday weekend. I'd say we have a long, long way to go before we can be assured that flying will pick up during the "busy season."
 

jetlag7

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Will there be some interviewing soon? Those 100 bases are looking nice.
Nope. System-wide, flying is still down. Although things have "picked-up" slightly due to seasonal traffic -- this is only temporary.

When you say "interviewing soon" you mean sometime in the next 5 years, then I would have to say probably. If you mean sometime in the next 2 years, then I would have to say probably not.

Yes, the 100 bases are "nice."
 

G200_PILOT

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Are you on glue?? We will be lucky if we don't furlough at some point in the future.
And THAT'S why I luv ya man! Don't sugar-coat it. Tell him what you really think. I think you need to get off the computer and head down to the lake. Get some skiing in before it gets too cold!
 

flagshipper

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Are you on glue?? We will be lucky if we don't furlough at some point in the future.
Agreed. Pilots are a short sighted group in general. I hear 5 guys say they are flying 14 percent more than last month and all of a sudden they think NJA is on the turnaround and we will be hiring by year end. dumba$$es......I am keeping my resume current.
 

G200_PILOT

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Agreed. Pilots are a short sighted group in general. I hear 5 guys say they are flying 14 percent more than last month and all of a sudden they think NJA is on the turnaround and we will be hiring by year end. dumba$$es......I am keeping my resume current.
We're starting to see this every day. I've been here for 10 years and it's always been a crapshoot as to whether a guy is flying his ass off or not. Back in 2006/2007 I was in the Hawker fleet. The average flight time a guy got in the fleet was somewhere between 400-500 hours. Some guys got even more than that. Me? I flew 192 hours in 2006 and a whopping 46 in the first 6 months of 2007 before I left to fly the G200.

In other words, had you run into me back while we were still kickin ass and takin names, I would have told you we were close to going out of business cause there were no flights. All the while, there were guys flying their behinds off screaming that there weren't enough pilots on the list.

The "large" cabin airplanes have been staying pretty busy this year since the company is basically upgrading as many owners as they can. Ask 99% of the 2000/200 drivers and they'll tell you they've stayed quite busy. I've managed to rack up a whopping 73.6 hours so far this year!
 

flagshipper

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with 3000 pilots it is impossible to meaningful gather any kind of data from the 50 guys who post on the various message boards.
 

Hogprint

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FWIW...

Flew more last tour 8/23-29 than I have in the last year. Every day was 3-5 legs. I haven't seen a week like that on the U-boat in over three years.

Part of it was I was stuck in the NE (the norm for me) and the Hamptons, ACK, and the Vinyard were calling the rich folk in.

I don't think it will hold, especially on my fleet, but I hope I'm wrong.
 

flagshipper

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That was my point.

Yeah I know it was. Riding over from the FBO the other day the line guy proceeded to tell me that the past 3 weeks he has seen 10 NJ airplanes a week where before he only saw 6 to 8 per week in the first half of the year so surely we have completely recovered and I literally laughed out loud and he seemed offended. I have seen similar posts on the boards as well from pilots. Makes me laugh. Sitting 100 from the bottom I wish it were true.
 

NachoMamma

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When you say "interviewing soon" you mean sometime in the next 5 years, then I would have to say probably.
That's sounds pretty optimistic to me...plan on a good three years to get back to pre-recession flying levels. After that, who knows, but massive growth, at least enough to necessitate hiring, is extremely unlikely.
 

cjdriver

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AIN had the following today:

According to the Berkshire report, NetJets’ second-quarter revenues fell 43 percent year-over-year to $550 million and for the first half dropped $1.024 billion, or 42 percent below the same six-month period last year. Worse yet, the fractional provider sustained pre-tax losses of $253 million for the second quarter and $349 million for the first six months, compared with gains of $192 million and $255 million, respectively, in the same time frames last year.

As if that weren’t bad enough, Berkshire said that NetJets owns more airplanes than it requires for its present level of operations “and further downsizing will be required unless demand rebounds.” Two reliable sources estimate that NetJets has more than 130 aircraft in its unsold inventory, although neither the Berkshire report nor NetJets itself would say just how many excess airplanes there currently are.
 

brokeflyer

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greedy management is gonna wreck the aviation industry for all of us.
 
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