I've been hearing rumors...

PigPile

Active member
Joined
Jun 25, 2005
Posts
36
Total Time
4000+
of Flops furloughing more pilots. It seems that 30-50 more may be in the works. Does anyone else have any info?
 

gutshotdraw

ZERT Wilson CQB User
Joined
May 6, 2005
Posts
3,226
Total Time
9000
Sad to say for the hard-working pilots of Flight Options, I'm thinking these market conditions combined with the OH-MY-GOD awful management may lead to a 100% furlough by the end of the year. Before you flame away, I don't want to see them shut down even though they are a competitor to my employer. I just don't see how they can survive.
 

Pervis

Well-known member
Joined
Oct 12, 2005
Posts
1,609
Total Time
12000+
Competition is a good thing. Look at the service where there is only one game in town, like SAN, SFO, ASE, BOS, etc. Monopolies foster complacency which breeds reduced service and lowers customer satisfaction. Competition also keeps prices reasonable, sort of. Kind of relative when you think about the costs involved for fractional ownership.

I can only hope this is just more BS, like B19 "hearing" we are parking 50 jets. Some people love to spread doom and gloom so they can pat themselves on the back when they are proven right. Doesn't matter that in so doing they are relishing in the pain and suffering of lots of people.

The conditions at FLOPS, however, have been deteriorating for far longer than the current economic conditions. And to fend off comments form certain individuals here, well before the union entered the scene.

I can offer nothing but thoughts and prayers to ALL of us, as the storm ahead will no doubt do some serious damage to lots of good people. Except for management, who will probably reward themselves with huge bonuses for allegedly "limiting" their losses.
 
Last edited:

William Holiday

Well-known member
Joined
Oct 5, 2005
Posts
146
Total Time
5500++
My "Buds" at OPTS are working there tail off. 3-4 legs per day. They also report of very happy pax. My guess....My guess company and the big " U " about to enter into negotiations again. Let's see, hmmmm, planes getting painted and looking good, happy pax, busy pilots. Ahhhh, sounds solid to me. Remember, in a state or war, the first thing to fall is " THE TRUTH "
 

glasspilot

Well-known member
Joined
May 17, 2004
Posts
1,622
Total Time
9K'ish
OPTS = Flops?

I've personally spoken to owners who disagree if the above formula is true.
 

gutshotdraw

ZERT Wilson CQB User
Joined
May 6, 2005
Posts
3,226
Total Time
9000
I agree with you Pervis and I hope I'm wrong. Competition is what makes this country great (that's why I can't stand parents who think it's a good idea when their kids' Little League doesn't keep score). I never want to see any company close their doors, especially in this business. But I have had friends and family (my better half) working for aviation companies that pulled the plug. The death rattle is always eerily familiar each time. I can't help but hear some familiar noises right now coming from Ricci and company.
 

William Holiday

Well-known member
Joined
Oct 5, 2005
Posts
146
Total Time
5500++
Im calling you out on your BS. The fact of the matter is toooo many guys were laid off. Business is pretty good from what I can see. Pouring cash into a fleet in times like these, means one thing.....Business is pretty good. Can't blame a guy for trying to save a buck.....or make one.
 

clickclickboom

Well-known member
Joined
Nov 7, 2005
Posts
1,081
Total Time
15k
i am sure this speculation stems from Bob's latest doom and gloom email that went out last week.

Guys lets face it Flops is on the ropes 3-4 legs a day with happy pax means nothing when management runs an operation that is only profitable based on remarketing fees for the departing owner and profits initially on the purchase price of the incoming one.

The pre owned aircraft market is in the crapper and flops strategy to raise cash and improve liquidity by selling some older beechjets for ricci and companies new beech jet renewal program is deflated.

I saw the writing on the wall there 5 years ago and came to the conclusion that flops long term was unsustainable.

Right now today the business jet domestic frac market is about 50% of what it was just 90-120 days ago. The big question is how many of the fracs can hold out and how many will not.

Good Luck Guys Hate to see you suffering while Sanjay is supporting his family of 40 with his corner mini mart operation.
 

Sparse

Well-known member
Joined
Feb 25, 2005
Posts
510
Total Time
+++++
Folks, let's be realistic, everything is slow. The NJ guys who post here will try to paint a rosier picture but I spoke with a couple of NJ guys at a service center the other day and they said things were real slow for them. The entire industry has lost a lot of customers because the bonus dollars that paid for this service has dried up. The industry has been defined for a year or more and it became a market share business rather than a growth business. There is a shaking out going on. Heck, I may be out of a job, who knows. I hope it turns around but the economy sucks right now and even the wealthy are looking at evry dollar they spend.
 

Photoflight

AIR rAMBO
Joined
Jun 9, 2005
Posts
541
Total Time
2500
I actually heard the same thing from a couple of flops guys in IAD a month or so ago.

FWIW i hope things can at least level out and become sustainable for everyone.
 

CALRepublic

Well-known member
Joined
Jan 11, 2008
Posts
576
Total Time
plenty
Folks, let's be realistic, everything is slow. The NJ guys who post here will try to paint a rosier picture but I spoke with a couple of NJ guys at a service center the other day and they said things were real slow for them.
Who are these NJ guys everyone keeps on talking about??? the NJ guys who paint a rosier picture, or the ones who say things are not slow at NJ, and all that cr**p?? I work for NJ, and I'm not painting a "rosier picture", things are slow here, hell I'm scared sh**less.

Back to the topic, how about it FLOPS guys, is this rumor true??
 

HSDriver

Well-known member
Joined
Apr 19, 2004
Posts
148
Total Time
2500
I have heard the same rumor from several different people. 30-50 more furloughed pilots coming very soon at Flight Options. So, if you are on the bottom of the list, be ready for the call. :(

I still think Flight Options will survive although as a much smaller company. But there are just too many unknowns right now to say with any certainty what will happen. I think even EJA will furlough soon. With typically only a handful of airplanes in the air (six right now) and nearly three thousand pilots? How long will they pay pilots to sit around?

Yes, there is going to be a major purge.

HS
 

say again

I love her ARSE!!!!
Joined
Mar 14, 2005
Posts
4,006
Total Time
5500
I see 67 EJA airplanes airborne on FlightAware right now. 1430E.
And???? I know u are comparing what the previous poster said. I've seen over a hundred.
 
Last edited:

jonjuan

Honey Ryder
Joined
Feb 26, 2004
Posts
4,155
Total Time
3,000+
I see 67 EJA airplanes airborne on FlightAware right now. 1430E.
And 9 "FIV" (Shares), 14 "LXJ" (FX), and 20 "OPT" (FLOPS).
 

SDCFI

Registered Offender
Joined
Jan 30, 2003
Posts
538
Total Time
420000
Looks like we're all working hard. Raises all around.
Here Here!

In this business more flying doesn't equal more profits. It's all about shares sold and deadhead and charter and lots of other financial terms. As a wise man once said: "they don't pay us to fly, they pay us to be available to fly."
 
Top