regional guy trying to learn about fractional world

[jrav8tor]

Sorry messed up the post above

I think upgrade now for a new hire would be AT LEAST 3 years, but who knows. We get new airplanes all the time and that will continue for the next few years.

1st year FO: $39000 on 7 and 7 $46,286 on 18 day schedule
3rd year FO: $43000 $51,000

5 year CPT: $90,000 $107,000

Overtime is paid after 12 hours of work and some other circumstances. A 6 year CPT, me, makes $63 an hour OT

Extended days, voluntary only, pays a 6 yr. CPT almost $800.

With OT and some extended days, per diem and because of a $300 per month "differences pay" for flying the XL and XLS, I will easily clear $115,000. This doesn't include company 401k match and full medical. Dont forget 3 weeks of vacation (with each "week" being 21 days) at 5 years, 12 sick days per year and crew food.

Hope that helps

Hydrarkt,

You are my idol! Just joking, but seriously, looks like NetJets is the best thing going in aviation right now. I've been watching the company since I started flying 7 yrs ago and I hope to be working with you guys sometime soon!!

JR

 

[netjetwife]

My husband has crunched the numbers regularly in his role as a SU volunteer/1108 leader. He tells me that those interested in coming to NJA need to plan on it taking 5 yrs to upgrade. If you're still interested, the sooner the better, as you're not alone in considering the move. We have a NJ pilot that is in his early 70s. I enjoyed my email exchange with him which followed the birthday ecard I sent. There are a number of pilots over the age of 60 flying for NJA. The ones I've "spoken" to are happy with their decision.

 

[buttercup]

The best thing in aviation? Come on man better than UPS, Fed Ex, SWA, , and JBLU? 5 domiciles to choose from in some of the highest cost of living areas in the country with virtually no commutability for new-hires. I applaud your enthusiasm but please listen to both the pros and cons , and listen to people from many companies. Otherwise you are just like a Fox News watcher sucking on a neo-con, chickenhawk t*tty!!



Hydrarkt,

You are my idol! Just joking, but seriously, looks like NetJets is the best thing going in aviation right now. I've been watching the company since I started flying 7 yrs ago and I hope to be working with you guys sometime soon!!


The best thing in aviation? Come on man better than UPS, Fed Ex, SWA, , and JBLU? 5 domiciles to choose from in some of the highest cost of living areas in the country with virtually no commutability for new-hires. I applaud your enthusiasm but please listen to both the pros and cons , and listen to people from many companies. Otherwise you are just like a Fox News watcher sucking on a neo-con, chickenhawk t*t!
JR[/quote]

 

[DO-82 driver]

as214....don't be so short sighted.....who would have though Delta, United or American would have fuloughed to the point where a number of those within their ranks would probably NEVER get their jobs back.

Who knows where the fracs will lead......who knows what lies ahead for them or SWA or JetBlue. I wish everyone luck....they're goin gto need it. "Aviation....the biggest crap shoot in town"

 

[buttercup]

as214....don't be so short sighted.....who would have though Delta, United or American would have fuloughed to the point where a number of those within their ranks would probably NEVER get their jobs back.

Who knows where the fracs will lead......who knows what lies ahead for them or SWA or JetBlue. I wish everyone luck....they're goin gto need it. "Aviation....the biggest crap shoot in town"

Whatever makes you feel good bro!!

 

[hydrarkt]

The best thing in aviation? Come on man better than UPS, Fed Ex, SWA, , and JBLU?

I'll give you UPS, FedEx and SWA. But I know of 2 NJA pilots who have been hired at JetBlue and turned it down. I wouldn't leave NetJets for Jetblue.

 

[j31flyer]

I'll give you UPS, FedEx and SWA. But I know of 2 NJA pilots who have been hired at JetBlue and turned it down. I wouldn't leave NetJets for Jetblue.

AS214, I really crunched the numbers before I left my RJ CA position to go to NJA rather than trying to work another year to get the 1,000 PIC to compete with 10,000 other pilots trying to work at FEX. I have several friends at FEX and SWA. Looking at someone who lives in DFW, the best thing is NJA. DFW is far from an expensive place to live. It is one of the best places to live for your money. SWA will cost $8K to get the type and it all starts about the same as NJA. All of these companies require 1000 PIC. While you are trying to get that, you are eating seniority at NJA during one of its largest times of growth. I seriously doubt it will take more than 2 years to upgrade going by my numbers. Taking the fact they have an excellent 401K, full medical (i was paying $300/mo at my last company), and no more commuting (no hotel/crash pad, eating or traveling expenses) then you can stick it right next to a FEX contract and it will be within $5000-8000/yr. Also at FEX you can be gone up to 12 days at a time where at NJA you are not. NJA is certainly better than JB. But of all of the companies you mentioned, FEX is the best in terms of compensation and financial stability to compare NJA to. So yes, NJA is that good!! Do the research and the math.

 

[hydrarkt]

. I seriously doubt it will take more than 2 years to upgrade going by my numbers. .

I don't see upgrades in 2 years. I just finished a tour with a 4 year FO. As of last week, he could have held a Captain's slot on the 400xp. He didn't bid that POS and is waiting for the XL/XLS which he should get soon.
I would realistically expect almost 4 years to make Captain at NJA.

 

[netjetwife]

Hydrarkt, my husband tells pilots to count on upgrades taking 5 years. He is very much "in the know" and I trust what he says. Isn't it better to be pleasantly surprised, rather than sorely disappointed, especially when making financial decisions? It's prudent to plan for the worst.

FO wages are still a disgrace, even at NJA. It is my hope that the other frac pilots will be able to change that injustice when they go to the bargaining table. Yes, I'm thinking positively, here, but with good reason. One good turn deserves another, so please take up where the NJ pilots were forced to leave the field of battle.

Working together, frac pilots can change the industry--and the lives of all their families.

 

[h25b]

Hydrarkt, my husband tells pilots to count on upgrades taking 5 years. He is very much "in the know" and I trust what he says. Isn't it better to be pleasantly surprised, rather than sorely disappointed, especially when making financial decisions? It's prudent to plan for the worst.

FO wages are still a disgrace, even at NJA. It is my hope that the other frac pilots will be able to change that injustice when they go to the bargaining table.

Good Gawd !!! A post from netjetwife that I almost entirely agree with !!

"Best thing in aviation ???" This must be a joke. Lets see shall we ?

1. Something like 180 RON's/yr. on the 7/7 schedule.
2. Getting to live in one of 5 horrible domiciles that you can't choose. (can't wait to see what type of housing 47K gets you in PBI...)
3. Eating Rudy's Catering almost exclusively.
4. Creating a "butt-mark" in almost every Signature Flight Support recliner.

There are instances where fractional ownerrship is more beneficial to a corporation then out right ownership.

Welcome to the world of a free market society. If there wasn't something to this frac thing then it would have faded away a long time ago.

Somewhat true, but if anyone with half a brain crunches the numbers they would find that your typical NetJet "owner" is one who chooses the fractional route more for convenience than sound financial decision making. The cost structure at NetJets these days has narrowed the margin between those that would be better off to charter and those that should consider outright ownership.

Beechjet Pricing @ Netjets
$812,500 (1/8 Acquisition) $11,640 (Monthly Management Fee) $1,554 (Occupied Hourly Fee)

The above represents the costs of flying a Beechjet 100 hrs./yr. so excluding the acquisition cost you're looking at paying $2950.80/hr. to fly a Beechjet !!! At 200 hrs./yr. it would be roughly $500/hr. cheaper to just own your own. (Assuming $250,000/yr. fixed annual cost and around $1250/hr. DOC)

Bottom line, one could argue that NetJets might be a way to go for someone wanting to fly 100 to maybe as much as 200 hrs./yr. Beyond that they should definately have their own bird. But then again, there are likely many fractional owners that have already tried to own their own by hiring some idiot at 45K/yr. to manage their airplane, watched them totally "F" it up, get soured by the whole experience and then book over to NetJets to purchase a share.

This is just a long winded explanation of why many of the NetJets owners are not with NJA because they are spending the wisest dollar.