NetJets new contract and the future...

[TheGreatChecko]

First off, I'm happy you guys got a good contract and everything seems to have settled.

What I'm wondering is how do you NJ guys feel about this new contract and the future of the company. I'm not familiar with the financial situation of the company, but is this contract something the company can comfortably pay or one that requires high revenues to ensure a profit (ala Delta).

Everyone seems to be talking about how great their pay is and how much OT they can get, but I am getting qualms of a "Choking the golden goose for it and the egg" type of situation.

GreatChecko

 

[Fozzy]

Incoming FUD!

FUD!

Hey FamilyGuy, good to see you again. Now go crawl back into your hole.
Okay, maybe you are not FG, but hell, that sounds an awful lot like him.

Anyways, I will bit.
Our pay comes from Monthly Managment Fees. Revenue has little to do with it. Customer retention does.
We are not an airline.

 

[Guitar rocker]

First off, I'm happy you guys got a good contract and everything seems to have settled.

What I'm wondering is how do you NJ guys feel about this new contract and the future of the company. I'm not familiar with the financial situation of the company, but is this contract something the company can comfortably pay or one that requires high revenues to ensure a profit (ala Delta).

Everyone seems to be talking about how great their pay is and how much OT they can get, but I am getting qualms of a "Choking the golden goose for it and the egg" type of situation.

GreatChecko

For as small as CS is, I am wondreing the same of you guys???

 

[miles otoole]

Our pay comes from Monthly Managment Fees. Revenue has little to do with it. Customer retention does.
We are not an airline.

I think he/she was asking where the pay INCREASE will come from. You certainly can't increase current owners management fees to cover this pay increase, can you? Don't they have a contract which locks in fees for 5 or 6 years?
Or is the pay increase solely paid for by brand new owners? If so, good luck with that.

 

[Guitar rocker]

I think he/she was asking where the pay INCREASE will come from. You certainly can't increase current owners management fees to cover this pay increase, can you? Don't they have a contract which locks in fees for 5 or 6 years?
Or is the pay increase solely paid for by brand new owners? If so, good luck with that.

From what source are you getting your pay raise?

 

[JustInfo]

Are people actually believing the hype that the airlines are bankrupt because of the pilot salaries? PLEASE, lets not stoop to the level of the idiotic media.

 

[TheGreatChecko]

The reason I wondered about this was that some earlier posts had elluded to this raising the percentage of the hourly fees paid by card holders paid to the pilots.

Oh and Fozzy, F--K off.

I am a CFI and a college student and have absolutely nothing to do with the fractional industry. You are right, I don't know how this works. Its a simple question, didn't mean cause your panties to get all jammed up your crack.

So PLEASE in your apparent infinite wisdom, do tell me why everyone seems to believe that this contract is good for BOTH pilots AND the company in the LONG TERM.

In other words, will it be around when I get to that point in my career when I have 2500+ hours, seeing thats a few years away, so I can get paid decently for what I do.

GreatChecko


Moderator Reviewed- they kiss and make up later in the thread

 

[JustInfo]

It is good for the company because we can keep delivering the quality of service neede to retain and gain new customers. IE: the recent holidays, many people were more than willing to extend and work on the busy days when you are actually being compensated appropriately for the sacrifice made. I just flew a pax on New Years that commented how much better this holiday had been for he and his family than last year as far as his NJA flights, as well as how glad he was to be on a QS tail everytime instead of a sell off to another charter company like last years holiday fiasco.

I personally think we are here to stay and would recommend this place to anyone starting into aviation for a career.

 

[Fozzy]

Hey Moron.
You tell me to... off and then ask if the contract that I (we) fought for will be around, so you can get a middle class pay check. Are YOU .....kidding me!?! Reality check. You are not in college anymore. Time to grow up and show some (not asking for much on a BBS) respect.
That is not the way to get a job with a company. But hey you will not be the first or the last to tell me to f off. Hell you might get your chance at an FBO near you. Anyways, just don't let your name get out, because that won't help your job outlook.

And I thought I answered this above. MMF. That is where the money comes from. Yes they % will go up. It is called inflation. Or in NJA's case, just plain getting with the program. Anyways, we are still, as a whole, under paid. Just ask any Falcon Captains. I am sure they will educate you.

Now after a little reflection I realized that this post is a lost cause. Just finish up school. Keep risking life and limb in that 172. Get hired for 16K a year at <insert loser commuter company here>.
AND then, and only then, you will understand.

The cycle of aviation continues.................................

 

[TheGreatChecko]

Hey Moron.
You tell me to F off and then ask if the contract that I (we) fought for will be around, so you can get a middle class pay check. Are YOU kidding me!?! Reality check. You are not in college anymore. Time to grow up and show some (not asking for much on a BBS) respect.

I'm just giving you the "respect" you showed me! I'm not going to give you any more flamebait, its not worth my time....

Thanks for those who answered the question without being a pain.

GreatChecko

 

[Fozzy]

I guess a little was lost in translation. Sorry. It is tough reading into a post. There has been a lot going on on these boards for the last 8 years that I have been on them.

Now don't get all tough guy on me. Personally I don't give a crap about you. Actually, you are the one aspiring to be in my shoes.

And yes your post stunk of FG. If you started talking like your post in a pilot lounge populated by NJA folk, you would have had an ear full. So my response was not out of line. It was not personal (in this forum) so get over it.

So do you have anything of interest to add or are you just chest thumping?

 

[TheGreatChecko]

Chest thumping mostly...

I appologize for coming out swinging.

You are right, if I walked into a pilot lounge full of NJA guys I would get an earful, and rightfully so! However, I would have no excuse for not knowing how a fractional works and why (barring the economy tanking hardcore) the fractional model will keep on chugging at the same level.

I guess I'll keep on trolling the boards to figure out how it works.

GreatChecko

 

[Humphreybogart]

Anyways, I will bit.

Just wondering what you're "bit"ing on, Kid?

 

[ozpilot]

I guess I'll keep on trolling the boards to figure out how it works.

GreatChecko

No problem here ....

We all started out as student pilots, and no matter our level of experience, it is to our detriment if we ever forget that we are still student pilots!

The day I think I know it all is the day I retire.

 

[netjetwife]

First off, I'm happy you guys got a good contract and everything seems to have settled.

What I'm wondering is how do you NJ guys feel about this new contract and the future of the company. I'm not familiar with the financial situation of the company, but is this contract something the company can comfortably pay or one that requires high revenues to ensure a profit (ala Delta).

Everyone seems to be talking about how great their pay is and how much OT they can get, but I am getting qualms of a "Choking the golden goose for it and the egg" type of situation.

GreatChecko

That is not the situation, at all. There is nothing to fear because the Management Fees had been raised years ago when the pilots' contract first became amendable. Consider all the money NJA made while they were underpaying the pilots. That money was not refunded in full; the pilots got a signing bonus--not the retro they were owed. The Golden Goose (NJ Inc) has been busy hatching new little NJs all over the world. That may slow down now, but I fully expect the American Goose (NJA) to keep quacking as long as the wealthy keep flying.

 

[spinproof]

Question for you NJ folks? Does this contract include NJ international? Where can I get a copy of this ?
Thanks