Just got furloughed from dayjet!

[Publishers]

First of all, not many people had much seniority in the first place. Second, they did not explain the why and wherefore so we are being critical without knowing the reasons. Third, this company was and is revolutionary in its approach to a number of aspects of the business. I do not know why this post is even on the fractional board because they certainly are not a fractional operation in any sense. This is not an airline and like NJW's NJ, they have created a business model that is new in all aspects. Did they keep only captains, ones at certain bases, whatever. Does it really matter if you are one let go how they did it. As their press release said, it is impossible for companies like this to raise money right now. This is what happened to Adam Aircraft, to Javalin, and to many others.

 

[skyrider1016]

Im not saying that its wrong to lay off we all know the current economic climate is not healthy for aviation in general, however the fair way to have done it would have been to go by seniority or date of hire however you wanna call it. Unfortunately the ones making the decisions were not even pilots, the director of training and several other management pilots had nothing to do with the decisions on who to let go, its not fair for guys who got hired a month ago to still have a job as opposed to those who had been there since last spring and summer. They can have all the ideas they want but they are running an air carrier and sooner or later they are gonna have to start acting like one, if they survive that is.

 

[Diesel]

First of all, not many people had much seniority in the first place. Second, they did not explain the why and wherefore so we are being critical without knowing the reasons. Third, this company was and is revolutionary in its approach to a number of aspects of the business. I do not know why this post is even on the fractional board because they certainly are not a fractional operation in any sense. This is not an airline and like NJW's NJ, they have created a business model that is new in all aspects. Did they keep only captains, ones at certain bases, whatever. Does it really matter if you are one let go how they did it. As their press release said, it is impossible for companies like this to raise money right now. This is what happened to Adam Aircraft, to Javalin, and to many others.

Oh publishers how very wrong and stuipd you are. Well thats what you get for not working in this industry just posting about it and wishing, and hoping one day that airliner will have an incapacitated crew and you can rush up to the cockpit.

First of all, not many people had much seniority in the first place.

Seniority is seniority, whether it be one minute or 1 year.

Second, they did not explain the why and wherefore so we are being critical without knowing the reasons.

Its obvious why, it's a tried and trued method that has been practiced time and time again. Some like to call it house cleaning

Third, this company was and is revolutionary in its approach to a number of aspects of the business.

Not really, they took a lot of money, blew through it, squandered a bunch, screwed a lot of people, and in the end will make out like millionaires. That too is a system already in place. Please read chapter 5 of How to screw your employees in aviation.

 

[Correcting]

The layoffs came about because DayJet was unable to secure $40 million in financing needed to continue their expansion. They had been hiring based on the assumption that they would get that capital infusion. That's why there were want ads out as little as a few days ago.

As expected, DayJet executives are talking around the issue as best they can. They can downplay the issue all they want, but if DayJet couldn't convince investors to plow another $40 million into the operation, then I wonder what those investors know that we don't?

http://www.businessweek.com/lifesty...?chan=top+news_top+news+index_news+++analysis

 

[Fozzy]

Not really, they took a lot of money, blew through it, squandered a bunch, screwed a lot of people, and in the end will make out like millionaires. That too is a system already in place. Please read chapter 5 of How to screw your employees in aviation.

Ya I was thinking the same thing. The aviation play book is getting a little predictable.

 

[johnsonrod]

For the laid off Dayjeters I hear the Linear Air out of Bedford, MA and HEF (Manassas, VA) is hiring pilots for its Eclipse jets. I am betting they pay better than $50K per year.

Check it out:

http://www.linearair.com/

 

[Guitar Guy]

Not really, they took a lot of money, blew through it, squandered a bunch, screwed a lot of people, and in the end will make out like millionaires. That too is a system already in place. Please read chapter 5 of How to screw your employees in aviation.

So that's where Skybus got their business plan.

 

[Publishers]

"They can have all the ideas they want but they are running an air carrier and sooner or later they are gonna have to start acting like one, if they survive that is."
I think we can safely assume that they do not want to act like an air carrier seeing there is not exactly a fortune of profit coming from that business.
Secondly, the capital markets have gone south for a number of reasons. Eclipse had to get Russian funding and appeal to their owners to go on. Adams was bought by foreign interests. The money lost through sub prime lending and the Fed devaluation is killing these markets. It has little to do with whether Dayjet is viable business model or not. Dayjet already carries a substantive debt load including the $120 m in aircraft debt and another $70 or so in start up financing.
Naturally I am sure that this whole thing was just meant to screw employees. After all that is the purpose of all aviation companies.
Diesel, if I did not have to run up there in the last 38 years, I probably won't now unless it is to ask where the corkscrew is.

 

[hammer2]

Go to Netjets

 

[johnsonrod]

Dayjet wants to sell or lease out 16 of 28 Eclipses...

From AIN Online:

Ed Iacobucci, DayJet
On Tuesday, Boca Raton, Fla.-based DayJet made the difficult decision to put its growth plans on hold after not being able to obtain another $50 million in funding to move to the next stage. As a result, the per-seat, on-demand air-taxi operator laid off 100 of its roughly 260 employees and now plans to sell or lease out 16 of its 28 Eclipse 500s.