Netjets wastes money???

[pmcustom]

I think it would be interesting to hear stories of Netjets (or any company) wasting tons of money. To start the thread, let me tell you about a new policy here at CMH. Because the QC department doesn't want to mess with tracking the times and cycles of wheel assemblies, we have been instructed to perform "the highest level of inspection" on each wheel, at EVERY tire change! That basically means that every time the tire is worn or cut to cord, we overhaul the wheel (or actually, send the wheel out to be overhauled). That's what I call cost effective!

 

[Diesel]

Looks like the wheel overhauler just bought a share....

 

[DO-82 driver]

Here's one of the biggest wastes of money here at NutJets......the salaries they pay our upper Management....that's the biggest waste I've ever seen...

Cut their salaries, do away with their perks and distibute the monies to the people who work in the trenches in the Casino.......We pilots will get ours from deeper pockets.

 

[pmcustom]

Diesel, I'm not sure what you're talking about.

 

[Starman]

He's pointing out that many times when we have a new stock item added to the planes, it's because the manufacturer of said product has become an owner. They buy a share and we swap water providers, etc.

 

[DO-82 driver]

And it also proves the point that you CAN fit a square peg into a round hole. It just takes a whole lot of money.....talk about stupid ideas!!!!!!!!! I wonder how much those cup holders cost????

 

[Fracster]

I was told the Berkshire Hathaway report for this quarter stated NetJets would lose approximately 70 million dollars due to sell offs. Had their been less sell offs NetJets would have made over 200 million dollars.

 

[Hogprint]

All that money spent on making a square peg fit into a round hole...and now the smaller bottles....

Too many fry cooks in the kitchen.

 

[Some Dude]

You guys, I laughed so hard when I found out how they wanted to engineer a way to fit the water in a round hole. I said it's called a "cup or glass." Pour water from square bottle into round glass or cup. Problem solved. Instead the company designs a square plastic holder to fit into a round hole. I swear these people are the worst managers ever.

 

[Fracster]

On your last day NutJets will airline you home and have it take 3 legs to do so if they can save 10 dollars on the fare. They will go to these great lengths to save a few dollars knowing that 3 legs in the end cost more due to the overtime they have to pay.

I explained this to them when it happened to me and they said "yes, we understand, but the ticket is cheaper"!

This is the mentality you can expect if you work here or are associated with NJA is any manner.

 

[pmcustom]

They say it's 3 times more expensive to sell off a flight, right? What's the figure for maintenance outsourcing? I'll bet that we don't do much over 10% of our total fleet maintenance, for some unknown reason (even though Boisture himself has told us that we are, hands down, faster and more efficient than the competition). How much money are we wasting on outside MX, when CMH has the facilities to do so much more?

 

[dsptchrnja]

pmcustom, just curious, how long have you worked at NJA?

 

[pmcustom]

just over 3 years

 

[rettofly]

Mx offload

I'll bet that we don't do much over 10% of our total fleet maintenance, for some unknown reason (even though Boisture himself has told us that we are, hands down, faster and more efficient than the competition). How much money are we wasting on outside MX, when CMH has the facilities to do so much more?

Could it be that mgmt doesn't like Union mechanics any more than they like Union pilots?

 

[pmcustom]

Of course mgmt wants non-union, but it doesn't make sense to pay a LOT more for lower quality MX, just so you can avoid the union...but maybe that's the way mgmt thinks.

 

[luvu]

I was told the Berkshire Hathaway report for this quarter stated NetJets would lose approximately 70 million dollars due to sell offs. Had their been less sell offs NetJets would have made over 200 million dollars.

the difference between making 200 million and losing 70 million is a net cost of $270 million for the quarter? this would project to an annualized loss compared to business as normal of $1.08 billion dollars extrapolated over the course of an entire year.

Now if you gave 2,000 pilots a whopping $100,000 across the board raise each. that would only come to $200 million dollars a year or 1/5 management's present course of action.

I don't know if the above quote is accurate but if it is, it is pretty clear who is going to eventually prevail on the economic merits of their arguments if nothing else.

 

[El Chupacabra]

I do not see how it could be accurate.

Also we could do little about the poor decision to sell off the core fleet.