NJA (or others for that matter) attrition?

[OCP]

Being that there is no federal retirement age. When do people leave the fractionals? Or is there some requirement for retiring?

Thanks

 

[guido411]

There's no requirement for mandatory retirement, so long as you can hold a 1st class medical. Some peoiple come to fractionals after airline life but it's rare. Most people after a 20+ year at the airlines don't feel right about taking a job for $35-$40k to empty the lav of a beechjet. I can only speak for FlOps, in answer to your question "When do people leave fractionals". . .when they've had enough BS, or every day.

 

[be-400xpdriver]

Some peoiple come to fractionals after airline life but it's rare. Most people after a 20+ year at the airlines don't feel right about taking a job for $35-$40k to empty the lav of a beechjet. .

My indoc class at nja was half retired airline pilots. I would also say 30-40 percent of new hires are retired airline guy.

 

[guido411]

My indoc class at nja was half retired airline pilots. I would also say 30-40 percent of new hires are retired airline guy.

Thank you for proving my point. . .

Assming your indoc class was approximately 20 people, give or take a few, means there were about 10 retired airline guys in your class. And how many airline pilots do you suppose retire a month? I would assume it to be exponentially more than 10 thus "most" airline pilots don't want to take a pay cut do go dump a Beechjet-er, I mean "Hawker 400xp" lav bucket.

 

[SAEflyer]

There are a ton of retired airline guys interviewing at netjets. I had a few in my interview class, although i think only about half of them are actually getting hired. The ones from my group didn't seem to be very prepared for the interview, and didn't really seem very flexible as far as moving near one of the 5 domiciles at NJA. I can't imagine most of them would be happy in fractional life, but thats just me. I know what it entails and how much work it is and i don't think i'd want to do it when i was 60.

 

[LostComm]

There are those retired airline guys that are loosing some or all of their retirements due to the restructurings through bankruptcy.

Not much choice when the money stops being deposited.

 

[jtf]

A lot of them retired early so they could get the lump sums before BK wiped it all away. They have plenty of years left in them if they decide they want to keep going. Health insurence premiums- especially for those with kids that aren't out of the house yet- are insanely high so a lot of them have more incentive to take the job for the insurence. Yes, overall it is a small amount of the overall retired airline population, but it is a higher amount than before due to the financial disasters at the majors currently.

Overall I'd say attrition isn't very high at the fractionals now that salaries are going up and there is less incentive to jump to the airlines. There are a lot of older pilots, but it is really up to them when they want to get out. I'd have to guess that a lot of guys are going to be flying well past 60 since their pensions have been destroyed by years of mismanagement at the airlines they gave the best years of their lives to. It's a very unfortunate situation they are in, but at least the fractionals offer them the opportunity to continue earning money in the best kind of office in the world- the cockpit.

 

[WillFlyFoCookie]

There were several retired airline in my indoc class and they were all great guys. Most of them were very forthcoming about how long they figured they'd be working for NetJets. For the most part, they thought about 5 years or so. Things can of course always change once you're actually out there and doing the job.