Net Jets to Furlough 500...??? Right...

[CL300Pilot]

I think that Flexjet is going to buy Netjets : )

How's that for a rumor LOL.

 

[QOL_is_great:)]

So Why Ask??

I'm sure people are getting carried away with zeroes but it does beg the question of how things are holding up over at NetJets.

Any furlough rumors?

I literally heard "NetJets is about to furlough 500 to 1000 pilots because business is off by a third this year."

It sounds too stupid to even be remotely true.

So why I ask the question. I guess one's happiness comes from another's dismay.

That would be like a NJA guy happy to hear about any other frac company laying off their pilots.

I have not found ANY NJA or other frac drivers wishing that upon another.

 

[clickclickboom]

Be Careful Guys the walls all around you are glass even in berkshires house. When we are comparing economic conditions and trends to 1936 anything is possible.

Flying is WAY down and a furlough probability is probably greater than 50/50 for at least a few hundred guys.

that being said the best thing that can happen to your industry is for it to shrink. We all know what fractional would be the first to go..

Good luck guys fly safe

 

[fischman]

captaindad does not provide the best customer service in the industry.


I do. Why? I think you know.

 

[o2bflyn]

captaindad does not provide the best customer service in the industry.


I do. Why? I think you know.

just one word......awesome.

 

[o2bflyn]

Why?
Don't they own Flight Safety anyway? I don't think training cost will be an issue, but settlement with the union probably will.....

Is that a serious question? Flightsafety may be owned by Bershire, but they are their own company. I am sure there are discounts for NJA due to BRK and bulk sales, but they still have to make money. I am sure Mr. Buffett would not sacrifice the health of one of his businesses to further another.

You would be surprised how much it would cost to get 100, 200, or maybe 300+ pilots new type ratings.

 

[CALRepublic]

Correct, Warren Buffet owns NJA, but make no mistake about it, if we don't make him money, he'd pull the plug on us, and he'd do that in a New York minute.

 

[captain dad]

Please! It sure is easy to say you have the top customer service in the industry when one of your fellow group of aviators is fighting to get a contract! I don't think you could have said that at the same point in time in your contract negotiations. So please use some context when you are spouting off! We are all professionals and are capable of providing top customer service.

Sorry, that did come off a bit "toolish".

I am just sick of telling people that we are NOT fuloughing.

I didn't mean anything bad about the other fracs. I just ran into some FLOPS guys today. My heart and support goes out to you.

 

[glasspilot]

Correct, Warren Buffet owns NJA, but make no mistake about it, if we don't make him money, he'd pull the plug on us, and he'd do that in a New York minute.

Not that I have any numbers to back this up...but I don't think NetJets has ever made money. If you have hard numbers I'd love to see 'em, but as a private company it's difficult to pin down the specifics.

I do know that for a very modest man considering his wealth, WB has sort of fallen in love with private air travel. In my opinion that's the only reason he's involved with NetJets.

Before ya'll come unglued, it's just one guys opinion. Oh yeah, and I am not a hater either. Lot's of friends there.

 

[jppt2000]

Be Careful Guys the walls all around you are glass even in berkshires house. When we are comparing economic conditions and trends to 1936 anything is possible.

Flying is WAY down and a furlough probability is probably greater than 50/50 for at least a few hundred guys.

that being said the best thing that can happen to your industry is for it to shrink. We all know what fractional would be the first to go..

Good luck guys fly safe

Well its CluckcluckBoob again!
Maybe it would be a great time for you to insert a link to JetBlue's
(the airline you claim to work for) hilarious "bigwig" videos. Maybe the videos will cheer everyone up.
Maybe you'll have a chance to turn this into a political thread.
I'll bet you feel real smart (and, want everyone to know) leaving Options or Flex for JetBlue, big pat on the back for ya.

What a poser.

 

[IdRtherBsailing]

There are no plans to furlough at NetJets.

Period.

I just think its cool that the sentence was ended with a period, then period spelled out, followed by another period. Not bashing you man, I have seen that a lot, just finally noticed how unique it its.

 

[jravi8tor]

Be Careful Guys the walls all around you are glass even in berkshires house. When we are comparing economic conditions and trends to 1936 anything is possible.

Flying is WAY down and a furlough probability is probably greater than 50/50 for at least a few hundred guys.

that being said the best thing that can happen to your industry is for it to shrink. We all know what fractional would be the first to go..

Good luck guys fly safe

Your middle statement sounds a lot like something George W. Bush would be saying with the use of the word probably and the percentage.

 

[LegacyDriver]

LegacyDriver: NetJets Hater

Hater? Hardly. I have never had a single negative thought about NetJets. It has always seemed to me to be the best place to wind up in this turbulent industry.

The crews there have always been extremely nice when I have encountered them.

As a previous poster noted, the idea that NJ would furlough 500 seemed beyond the realm of reality, but I do wonder how things are going there.

 

[brokeflyer]

Not that I have any numbers to back this up...but I don't think NetJets has ever made money. If you have hard numbers I'd love to see 'em, but as a private company it's difficult to pin down the specifics.

I do know that for a very modest man considering his wealth, WB has sort of fallen in love with private air travel. In my opinion that's the only reason he's involved with NetJets.

Before ya'll come unglued, it's just one guys opinion. Oh yeah, and I am not a hater either. Lot's of friends there.

I've seen the numbers, for security reasons I cannot post them but i will say this. Bottom line is, what netjets does the most of is collect checks. Then deposits them. We don''t really own much of anything except the buildings in CMH, HPN, and LUK....and maybe even first in teb.

that debt compared to what is taken is mind boggling.

 

[jonjuan]

I've seen the numbers, for security reasons I cannot post them but i will say this. Bottom line is, what netjets does the most of is collect checks. Then deposits them. We don''t really own much of anything except the buildings in CMH, HPN, and LUK....and maybe even first in teb.

that debt compared to what is taken is mind boggling.

Uh huh. You sound like a CFO. You must be under-paid (for security reasons.)

 

[fischman]

captaindad does not provide the best customer service in the industry.


I do. Why? I think you know.

just one word......awesome.

You too must learn the ways of The Force, if you are to come with me to Alderaan.

 

[wacoflyr]

Face it fischman, you're short, green, have funny ears and a squishy face.

 

[clickclickboom]

Well its CluckcluckBoob again!
Maybe it would be a great time for you to insert a link to JetBlue's
(the airline you claim to work for) hilarious "bigwig" videos. Maybe the videos will cheer everyone up.
Maybe you'll have a chance to turn this into a political thread.
I'll bet you feel real smart (and, want everyone to know) leaving Options or Flex for JetBlue, big pat on the back for ya.

What a poser.

In case you dont know I personally loved each and every minute of the 8 years I spent at corporate wings and options. ( At least until The second Raytheon transaction when flops went down the tubes )

I miss the flying dont miss the BS and yes I do enjoy my job currently even though we have our own problems here just like anywhere else.

I think it is time for you to get over personally placing blame on me for the welcomebigwigs.com campaign. It was a campaign that was targeted to the average joe who doesnt have a clue about private jet travel.

Sorry to burst your bubble but just cant see a reason to prime your pump with a comparative childish response to your post. I think its time for you to grow up son and find someone else to target.

PS: I couldnt give 2 $hits about politics considering the neverending buffoonery that I witness on a daily basis. ( Calm down thats not directed towards democrats francis )

 

[CA1900]

Not that I have any numbers to back this up...but I don't think NetJets has ever made money.

You'd be incorrect.

From the Berkshire Hathaway 2006 Annual Report:

Our U.S. operation also had a good year in 2006, which led to worldwide pre-tax earnings of $143 million at NetJets last year. We made this profit even though we suffered a loss of $19 million in the first quarter....

Revenues from the service businesses of $5,811 million in 2006 increased $1,083 million (23%) and pre-tax earnings of $658 million in 2006 increased $329 million (100%) as compared to 2005. The largest portion of these increases arose from greatly improved comparative operating results at NetJets where revenues increased $759 million over 2005. NetJets generated pre-tax earnings of $143 million in 2006 as compared to a pre-tax loss of $80 million in 2005 reflecting a 23% increase in flight.

 

[sshrae]

I've noticed its always someone who doesn't work for NetJets who starts these threads about us laying off people. I don't understand why would you want to start that rumor. Everybody is after us, and I'm sure that a lot of people on here, despite what they say, would take a lot of pleasure if that comes to pass. Very sad.

 

[steelersrule74]

obviously i rarely post, but i do enjoy the entertaining reading.

what i find curious is those that seem convinced NJA will furlough don't work at NJA. They appear to get their information from 'informed' sources that also don't work at NJA. They certainly don't take the time to do an analysis of the current CBA and explain to others how such a reduction in force would be implemented. What are the penalties, what are the long-term costs?

FUD is sport to some. That's unfortunate because many who read it become truly distressed. Unfounded rumors from nameless sources are worthless. Of course there are those that don't care about that, they simply enjoy being part of the circle-jerk. carry on boys, I suppose you need to find a little pleasure somewhere.


oh, for the record.....I am awesome as well.

 

[fischman]

oh, for the record.....I am awesome as well.

It is lonely at the top isn't it? I would say call if you need to talk, but that would be unawesome.

 

[steelersrule74]

fischman, you are always in my thoughts.....

 

[fischman]

You just proved to be less awesome than me.

 

[jppt2000]

In case you dont know I personally loved each and every minute of the 8 years I spent at corporate wings and options. ( At least until The second Raytheon transaction when flops went down the tubes )

I miss the flying dont miss the BS and yes I do enjoy my job currently even though we have our own problems here just like anywhere else.

I think it is time for you to get over personally placing blame on me for the welcomebigwigs.com campaign. It was a campaign that was targeted to the average joe who doesnt have a clue about private jet travel.

Sorry to burst your bubble but just cant see a reason to prime your pump with a comparative childish response to your post. I think its time for you to grow up son and find someone else to target.

PS: I couldnt give 2 $hits about politics considering the neverending buffoonery that I witness on a daily basis. ( Calm down thats not directed towards democrats francis )

I guess you aren't gonna post your funny videos about bigwigs then.
It was still callous, actually heartless to yuk it up about the JetBlue Bigwig videos, especially when folks are getting furloughed at the company you worked for.

 

[QOL_is_great:)]

Not that I have any numbers to back this up...but I don't think NetJets has ever made money. If you have hard numbers I'd love to see 'em, but as a private company it's difficult to pin down the specifics.

I do know that for a very modest man considering his wealth, WB has sort of fallen in love with private air travel. In my opinion that's the only reason he's involved with NetJets.

Before ya'll come unglued, it's just one guys opinion. Oh yeah, and I am not a hater either. Lot's of friends there.

Not sure how private you think they are, but if AIN magazine prints numbers on NJA then the info is not very private.

 

[jppt2000]

Not that I have any numbers to back this up...but I don't think NetJets has ever made money. If you have hard numbers I'd love to see 'em, but as a private company it's difficult to pin down the specifics.

I do know that for a very modest man considering his wealth, WB has sort of fallen in love with private air travel. In my opinion that's the only reason he's involved with NetJets.

Before ya'll come unglued, it's just one guys opinion. Oh yeah, and I am not a hater either. Lot's of friends there.

LOL,
Somewhere there is a village missing an idiot and a laptop.

 

[e=mc2]

That is what you guys get when you hire from the regionals.

Don't forget to put your sunglasses on the top of your head.

 

[CRJFlyer]

I'm pretty sure glasspilot IS NOT one of ours....He must belong to another village

 

[glasspilot]

Whatever, yuk it up. AIN posts what they are given by NJ. Ya'll havin a good time busting on me, but no one has posted a single hard number.

Fractional models are like a pyramid scheme where they HAVE to continue to grow or the whole thing collapses. You have to sell new shares so you can sell old planes at profit and keep the operation going.

Guess what? The used plane market has tanked. Still yuk'n it up? Not one of the fractionals have a sustainable business model, possibly save one. When the new sales dry up and the ability to sell aircraft to shore up cash flow ceases then it's gonna get tough.

Gotta get back to my village now...

enjoy....