NJA Struggling?

[Diesel]

Whoever we says we are furloughing come from two camps.

1. They are jelous and like spreading crap.
2. They don't want to sound elitist to whomever they are speaking to because whomever it is probably is discussing their own furloughs.

That is all. Simple. And its not going to happen sorry the simple truth is that the others blinked before us and now we have to capitalize on the PR and the sense of stability this brings us.

Its all about perception. Not numbers.

 

[fischman]

You are 100% right Diesel.

 

[learflyer]

I hope it doesn't happen to you guys, but take it easy on the confidence in this recession. You DON'T know what the company's plans are. They are not obligated to tell you. They can say one thing, and do another. This just happened to both my wife and I. Heck I was a bottom of the barrell sim instructor. You'd think the stability would be there.

 

[greygoose]

NetJets won't furlough. The bottom 200 represent 25% of the SIC's in the 680. Seems like a logistical nightmare to me.

I don't know who is throwing this crap that we are going to furlough out, but it is just that. CRAP.

I would never want a furlough or layoff on any specific pilot group. Granted they are two different companies, but FLOPS furloughed 104 pilots. 90+ something of the pilots were BE400 SIC's. I used to tell people the same thing when rumors started coming up about the 150 furloughs at FLOPS. (They aren't going to cut 150 pilots in seniority, it will dismantle the BE400 fleet.)
I was wrong...
I'm not trying to spread rumors, but a SIC is not necessary to fly the airplane when you have qualified captains that can fly with each other.
It goes to show that this whole thing that Fractional's are recession proof is BS, when 3 fractional's have furloughed and more will be coming. I would love it if someone could proof me to be wrong.

 

[gunfyter]

We don't know what economic disasters can follow what we have already seen. I don't even think WB and RTS know. So we can't say there never would be furloughs.

Right now we are busy enough and I would think remain so through what is normally the busy season ... the busy season is more like the normal season.

If the economic recovery begins by the summer ... I think everything will be good. If it does not... I think we all will have larger problems than whether NJ furloughs ... even if we are not the ones who are furloughed.

 

[amaineiac]

Well said gunfyter. I feel about as secure as I can at an aviation job, but I've learned long ago to never say never.

There isn't much I can do other than offer the best product I can to the folks in the back and hope the economy turns the corner. I've got faith that WB and RTS will do the best that they can getting to through this mess.

 

[Trash8Mofo]

Remember that many of our owners are business people, they understand that cost cutting is part of the normal business decisions. They also know that they are flying less, so sooner or later someone will ask why the management fee is not going down? Stability as a marketing tool and "right-sizing" as a marketing tool is a fine line in this economy.

That said, I'm comfortable with what NJASAP is telling us with the updates.

 

[Diesel]

You're right our owners are business people so they also understand the value of making sure that their "investment" is stable and that they don't have to worry about further devaluation of it.

It works both ways.

 

[glasspilot]

They also know that they are flying less, so sooner or later someone will ask why the management fee is not going down?

Do your owners not understand the contracts they signed?

I would understand them selling off a share or two to reduce their hours, but to just want to pay less because they don't use the hours they own??? What would be the premise?

 

[Trash8Mofo]

Do your owners not understand the contracts they signed?

I would understand them selling off a share or two to reduce their hours, but to just want to pay less because they don't use the hours they own??? What would be the premise?

If you drove less of your car in a given year, you would naturally expect to pay less in oil change, tune ups, etc etc, wouldn't you? But the reduction in driving wouldn't change your loan payment amounts or lease terms. Fix costs vs variable costs, I thought that was easy enough for pilots to understand.

Some may argue that Pilots' salaries is a fixed cost since each aircraft is staffed to about 5 pilots each. Again, I think that's a fine line to walk in this economy. When push comes to shove, its always a function of usage. Luckily, Netjets is not there yet.