Question for the STarcheckers

[FastestPA31Ever]

That was my second favorite baron, behind 36673!

 

[OUPilot]

3695v was my baby. old reliable

 

[Captain Morgan]

Long live N37223! C310's unite!

 

[N60OSU]

I heard a guy that flew 1847F after the paintjob said he was doin 190 in cruise ... wonder if that paint really made that big of a difference.

I bet it would make a difference. 190 may be a bit of a stretch, though. I guess they're going to start painting all the Barons and Navajos. Encouraging actually. 1847F look pretty good.

Still trying to sneak my car in line...

 

[FlyCMI]

I have to agree with OUPilot, 3695V was a good baron, but she wasn't the queen. That honor belongs to 9367Q. She stays down south, but we had her in Memphis for about a year straight. She was great to fly. BrianGriffin knows what I am talking about!

 

[Princedietrich]

I remember 67Q, that was a damn fine Baron. Only got to fly her once though.

 

[dpilot83]

possibly good

One of the trainees GOT UP AND WALKED OUT!

lol, that is priceless. I have talked to some people a long ways up the food chain from me who are really excited about the new CEO. They say he has a plan...no details were divulged though and for all I know they could have been positive just for the sake of keeping moral up. It appeared to be genuine though.

 

[idoitupsidedown]

I bet it would make a difference. 190 may be a bit of a stretch, though. I guess they're going to start painting all the Barons and Navajos. Encouraging actually. 1847F look pretty good.

Still trying to sneak my car in line...

190 isn't a stretch. my last week or so of trends on the 60-1 say 185-191. That wasn't in 47F though. It seems though that recips fly faster in sub zero (C*) weather. Gee. Whoda thunk it?


Oh, and as of the email about the props getting painted and the logos being put on later because its "cost-saving". I'm not holding my breathe for the logos.

 

[Princedietrich]

lol, that is priceless. I have talked to some people a long ways up the food chain from me who are really excited about the new CEO. They say he has a plan...no details were divulged though and for all I know they could have been positive just for the sake of keeping moral up. It appeared to be genuine though.

Well the way I see it, ANYTHING is an improvement over Bigglesworth. His management style reminds me of those careerbuilder.com commercials with the chimp executives.

 

[David Clark]

8-K Jan. 4, 2007

Airnet's 8-K SEC report filed Jan. 4th 2007:

Some background info about the new CEO Bruce D. Parker...

Mr. Parker, age 59, has served as a director of the Company since 2002 and is currently the managing director of IT Management Group, LLC. From 1999 until his retirement in 2002, he served as Executive Vice President of Sapient Corporation, a systems and technology development firm. In his career, he has worked for several firms in the travel and transportation industry, including serving as Senior Vice President and Chief Information Officer of United Airlines, Inc. and Senior Vice President of Ryder System, Inc. Upon his appointment as President and Chief Executive Officer of the Company, Mr. Parker no longer qualified as an independent director and, effective December 28, 2006, he submitted his resignation as a member of each of the Audit Committee, the Nominating and Corporate Governance Committee and the Compensation Committee of the Company's Board of Directors, but will continue to serve on the Company's Strategy Committee.

How much does a CEO earn?

The term of the Employment Agreement is one year beginning December 28, 2006, unless earlier terminated or extended. Per the terms of the Employment Agreement, Mr. Parker will receive an annual base salary of $360,000, which will be reviewed annually and may be increased by the Board of Directors. Additionally, Mr. Parker received a signing bonus of $125,000 and will be eligible for an annual bonus of up to 100% of his annual base salary, based upon the attainment of annual performance goals. The annual bonus, if any, will be paid in two installments, with the first based upon the attainment of goals for the period of January 1st through June 30th, and the second based on the attainment of goals from July 1st through December 31st. Additionally, Mr. Parker was granted nonstatutory stock options to purchase 150,000 common shares of the Company under the Company's 2004 Stock Incentive Plan at an exercise price of $2.95 per share, the closing price of the Company's common shares on December 28, 2006. The options vested as to 75,000 of the common shares on the grant date, and will vest as to the remaining 75,000 common shares on December 27, 2007. The Employment Agreement expressly permits Mr. Parker to continue to own and operate his consulting company during the term of his employment.

During the term of the Employment Agreement, Mr. Parker is entitled to receive all fringe benefits provided to the Company's senior executives, and will receive four weeks of vacation annually. The Company will provide Mr. Parker with an apartment in Columbus, Ohio and will reimburse him for his living expenses while in Columbus and his travel expenses between his home and Columbus. Mr. Parker's living expenses will be grossed-up for federal income tax purposes.

Must be nice.