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netjetwife said:G100 Driver, please reread my post above yours. Didn't I basically just do as you request, complete with the thanks for the kind words? My post was directed at Kilroy who HAD expressed concern and asked a question. I felt that he deserved an answer. From now on, as far as this subject is concerned, I'll be replying only to posts like that. The union's position has been made known (yes the explanation I posted came from the top) and I'm under no illusions about the feelings of SOME--how many remains to be seen-- of the charter pilots. We have agreed to disagree, and I DO understand their reason, just as I see the NJ pilots' reasoning.
Quoting from the May 10th NY Times--"Steady growth is being seen in fractional shares, in the hiring of charter business jets, and in time cards...." In this article we learn that NJ saw a 28% increase in their contracts in 2004, over 2003 levels. Now it is only fair to address business for THIS year, as well. According to Mr. Santulli, "The demand we've had in the last four to five months has been incredible."
A RISING TIDE SHOULD LIFT ALL BOATS--FRACTIONAL AND CHARTER
ALL PILOTS ARE PROFESSIONALS AND SHOULD BE PAID ACCORDINGLY
Number$Cruncher said:You might want to read the 10Q, as revenue from fractional share sales was off pretty significantly (more than 30% over 2004) at NetJets in Q1. The "demand" Mr. Santulliwas referring to was in flight hours, and that high demand led to a whole lotta charter. That charter costs a lot more than what the owners pay to get their fractional hours, and cost the company millions. The fractional model is broken, and NetJets management simply hasn't got the market power to support higher wages for the pilots. Customers will simply go elsewhere, until the entire fractional segment is priced correctly. There is no "rising tide" in this business.
Fractional is a time-building career step for pilots, period. It never, ever will be anything else. The customers simply don't value it enough to be more than that. Some might, but not enough.