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Meanwhile, Flight Options is kicking some butt - 2011 was a strong year

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johnsonrod

Well-known member
Joined
Feb 25, 2006
Posts
4,218
Looks like FLOPS is doing "relatively" well. Nice to see the Phenom 300 program is selling very well and I am sure the replacement of older Beechjets with the revamped 400XTs will further improve results in 2012.


See the AIN Online article below:


Flight Options Flying Higher
[FONT=Verdana, Arial, Helvetica, sans-serif]Flight Options, the second-largest fractional jet provider in the U.S., said 2011 was one of its best years and expects the momentum to continue to build this year. In fact, the Cleveland-based company reported a jump in new fractional owners last year versus 2010. “One of the statistics from 2011 of which we are most proud is that more than one-third of all new owners came from referrals–a strong and appreciated endorsement from our current owners,” noted Flight Options CEO Michael Silvestro. The company also added 14 new jets to its fleet–10 Embraer Phenom 300s, two Nextant 400XTs and two Cessna Citation Xs. Based on this tally, Flight Options claims it took delivery of more business jets than any other fractional operator worldwide last year. Company chairman Kenn Ricci also pointed out that the aircraft added last year were “100-percent sold out,” generating $108 million in sales revenue at the fractional provider. Flight Options plans to build on last year’s success in the coming months by taking further deliveries of the Phenom 300 and Nextant 400XT (nine and seven, respectively), expanding its jet-card offerings and adding new aircraft programs.[/FONT]
 
No no no...this can't be! They have a union, and unions drive companies out of business! Haven't you been paying attention?
 
No no no...this can't be! They have a union, and unions drive companies out of business! Haven't you been paying attention?

GIV! Where is your idiocy now! Please fill us in. Im sure your logic will astound us all. You Capitalist pig!(self proclaimed, most say brown-noser)

LOL.
 
No no no...this can't be! They have a union, and unions drive companies out of business! Haven't you been paying attention?

Aren't they paid a fraction of what nj pilots get? How much 401k match is there?
 
Aren't they paid a fraction of what nj pilots get? How much 401k match is there?

Well i guess you better not go to work for anyone but Fedex or UPS then because if you work for any othet airline you are only getting paid a fraction of what they make.
 
Aren't they paid a fraction of what nj pilots get? How much 401k match is there?
You are spot-on, JJ. We (FO) are doing all right as a company because when all things are taken into account (Base pay, medical, retirement, overtime pay, upgrades, etc) our crews make about two grand per month less than our Netjets counterparts of similar seniority. Sucks, but it is what it is. And for what it's worth, our management LOVES our CBA. They roll naked in copies of it. They know that their costs won't increase for at least the next three years, and can plan accordingly.
 
You are spot-on, JJ. We (FO) are doing all right as a company because when all things are taken into account (Base pay, medical, retirement, overtime pay, upgrades, etc) our crews make about two grand per month less than our Netjets counterparts of similar seniority. Sucks, but it is what it is. And for what it's worth, our management LOVES our CBA. They roll naked in copies of it. They know that their costs won't increase for at least the next three years, and can plan accordingly.

I think I just threw up in my mouth.
 
Good for FLOPS...

One important fact that hasn't been mentioed yet.. FLOPS took delivery of NEW aircraft all along... HMMMM Where didn't we hear about new aircraft being offered to customers???

Looks like FLOPS outplayed the others in the delivery department
 

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