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Sokol talks about Netjets on CNBC

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Well put. I agree with all of what you said. The only recalls at NJA will be as a result of attrition which will be next to nothing considering the buyouts that were just offered by the company. If guys didn't take the early out, there is no way they will leave within the next 3-5 years.

I'm not so sure about the next to nothing attrition. We had something in the area of 350 pilots over 60 and I think a good majority over 65. As morbid as it sounds it seems that about 1 a month was dying at home suddenly from heart attacks. I think that the health issues of some of these older pilots will crop up sooner then they think. I had many of the old guys tell me they didn't care about the money, they just wanted to go fly a jet a few days a month. I guess if you have nothing to do in your free time then kick'n it in a hotel room or at the wheel is your goal.
 
I heard a lot of the "I enjoy the flying" thing too. My reply was always I enjoy putting food on the table. The cockpit usually got silent after that one. I couldn't say how many of those guys were putting on a happy face and "enjoying the flying" while making up for lost retirement. Surely there were some that fit in that group. That's a crappy predicament to be in. Something tells me a lot of us will find ourselves in the same one.

On the flip side I spoke with at least two guys who didn't take an early out or LOA, but told me they would resign the day any furloughs were announced. I think they did.
 
On a side note, aren't the planes getting a little old and long in the tooth with all the utilization put on them?
 
As they age, they do break more. Good thing the Cessna Service Centers are not very busy right now. If they don't order more replacement airframes than they claim to have done, there will be some problems if the economy ever gets buzzing again and Cessna is too busy to fix airplanes overnight or as really quickly as they have been doing for the last year plus.
 

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