Extra Fees to Owners
The company (NJA) as raised the rates to the owners to provide raises for the crews, have they gotten them? NO!!
This is one of the big misconceptions which has been on the board for a long time. The pilots have been told by someone other than the Company, that the Company raised management fees to the owners years ago to pay for the raises to the pilots. Suppossedly, the Company has been stockpiling this cash for years, without passing any of it along to the pilots.
I have never had an increase in fees to cover the new pilots contract. I have been with the Company for enough years that I have had to renew my contract, and the only increases have been the standard minimum 3.75% increase in fees each year. In fact, the contracts provide that the fees shall increase at the great of a certain CPI calculation or 3.75% per year.
Fly safe.
The company (NJA) as raised the rates to the owners to provide raises for the crews, have they gotten them? NO!!
This is one of the big misconceptions which has been on the board for a long time. The pilots have been told by someone other than the Company, that the Company raised management fees to the owners years ago to pay for the raises to the pilots. Suppossedly, the Company has been stockpiling this cash for years, without passing any of it along to the pilots.
I have never had an increase in fees to cover the new pilots contract. I have been with the Company for enough years that I have had to renew my contract, and the only increases have been the standard minimum 3.75% increase in fees each year. In fact, the contracts provide that the fees shall increase at the great of a certain CPI calculation or 3.75% per year.
Fly safe.