IBT 1108 Executive Board Announcement

[el raton]

According to the well placed insider, we will only have a limited say with a CBA as there will only be about half of us left working.

To accomplish his plan, all KR has to do is convince his Flexjet partners to give him their share of the $185M used to purchase the company, easy.

His plan won't fool most of the Flex owners/customers at all. Most of them have already stated they want nothing to do with the, let's say, tainted reputation of Flight Options. They will be long gone to NJA before he can even get his plan started.

This plan may be more difficult than you think. 2 of the investors are also flex costumers. With that much of their money involved, I'm sure they have their finger on the pulse of the Flexjet's costumers.

It might be highly unlikely, but wouldn't be surprising at all if Ricci ended up being the odd man out.

 

[chief9404]

According to the well placed insider, we will only have a limited say with a CBA as there will only be about half of us left working.

To accomplish his plan, all KR has to do is convince his Flexjet partners to give him their share of the $185M used to purchase the company, easy.

His plan won't fool most of the Flex owners/customers at all. Most of them have already stated they want nothing to do with the, let's say, tainted reputation of Flight Options. They will be long gone to NJA before he can even get his plan started.

"Tainted reputation of Flight Options." You got that right. It amazes me that there is so many that want to work for him with no CBA.

 

[luckydog]

"Tainted reputation of Flight Options." You got that right. It amazes me that there is so many that want to work for him with no CBA.

That's like saying it's a sh!t sandwich but at least the bread is good.

 

[Seahawk]

This plan may be more difficult than you think. 2 of the investors are also flex costumers. With that much of their money involved, I'm sure they have their finger on the pulse of the Flexjet's costumers.

It might be highly unlikely, but wouldn't be surprising at all if Ricci ended up being the odd man out.

If all the nightmare stories come true then I would rather have Flexjet up for sale to another investment group then deal with a union.

 

[slowtation capt]

This plan may be more difficult than you think. 2 of the investors are also flex costumers. With that much of their money involved, I'm sure they have their finger on the pulse of the Flexjet's costumers.

It might be highly unlikely, but wouldn't be surprising at all if Ricci ended up being the odd man out.

Investors want to see a return on their investment. They don't care how they get that return as long as they get their return.

 

[wingsnthings]

Investors want to see a return on their investment. They don't care how they get that return as long as they get their return.

I agree, but also if you have an unhappy workforce, productivity goes down along with customer service. Neither is good for any business.

 

[V1 Rotate]

Investors want to see a return on their investment. They don't care how they get that return as long as they get their return.

True but at some point they all sat down agreed to a plan that they all saw fit that would get them their 20% return. We were making 15% for Bombardier.

 

[slowtation capt]

True but at some point they all sat down agreed to a plan that they all saw fit that would get them their 20% return. We were making 15% for Bombardier.

If you are knowledge about the percentages, then how do you believe KR will come up with 5% more.

 

[V1 Rotate]

All I know is what I heard early on after the transaction. I have no intel as to how they plan to achieve it other than the fleet plan, storefront etc stuff that we've all heard about.

 

[squawk]

True but at some point they all sat down agreed to a plan that they all saw fit that would get them their 20% return. We were making 15% for Bombardier.

This I doubt. 20%? No way they expect that margin.

 

[V1 Rotate]

I'm just the messenger but when I asked how they plan to make 20% I wasn't given a firm answer. Granted this was in December so maybe they didn't know exactly 100% then how they planned to achieve that but the source is about as high as you can get and it's fairly common knowledge out on the line that these are the numbers.

 

[squawk]

I'm just the messenger but when I asked how they plan to make 20% I wasn't given a firm answer. Granted this was in December so maybe they didn't know exactly 100% then how they planned to achieve that but the source is about as high as you can get and it's fairly common knowledge out on the line that these are the numbers.

You are way out of your depth. You, like everyone else on the line, has no clue what is going on.

 

[V1 Rotate]

You are way out of your depth. You, like everyone else on the line, has no clue what is going on.

You're right. I guess you put me in my place. If you read my post coherently you'd know that I said I was the messenger only. You think I'm just making up this stuff up??? The conversation took place with others present. It's up to you to believe what he or she told us that evening.

 

[jetwash]

I'm just the messenger but when I asked how they plan to make 20% I wasn't given a firm answers.

Maybe by adjusting your pay just as FO did with our pay and benefits. Spending 30% less on labor will make the bottom line look good.

That is worry that the FO pilots have as well as the Flex pilots. Lets hope it doesn't come to that but the signs are not positive.

 

[squawk]

jetwash: exactly right.
20% ROI would be achieved one of two ways-
overcharge the owners, or
you work more for less.

which one do you think?