abenaki said:And remember, over the next three years, the Company is still collecting that good ole 3.75%, “for Pilot Salaries!”
I think that 3.75% covers a lot of other things besides pilot salaries.
And the portion that is in there for 'pilot salaries' would probably be hard pressed to cover the seniority raises that every pilot receives each year.
abenaki said:$1.299 Billion dollars is what “BM” now calculates is the cost over 3 years. Big number for sure. In 1998 we had a few hundred pilots, we now have close to 2200, the number will be big, especially when we are now attempting to claim the prize money Santulli promised to the pilots over the last 12 years. It is a big number when pilots are now asking to be paid what the best of the pilots flying the same aircraft for Fortune 500 Companies are already getting paid. Considering we do 5 times the flight hours, 7 times the nights away from the family, go to a thousand airports with 100o different personalities to know and attend to (the owners), to handle them as if they were the only people we ever flew, yes, we think we deserve it, and when you are the lowest paid in the EJA manufactured industry, it will cost BIG Dollars to finally keep the promises!
Again, this has been flogged to death in numerous posts on this board.
Comparing NJA to NBAA corporate flight departments makes as much sense as comparing NJA to the airlines.
The best comparison is NJA vs our competitors - Citation Shares, Flight Options, and FlexJet. Currently NetJets does lag these three....but I dont think it will take $1.299 Billion to put NJA in the lead for pilot wages.