The future of AirNet

[unreal]

I'm currently swimming in the AirNet hiring pool, deciding if I want to take a class date soon. The only thing I'm somewhat concerned about is the future of the company financially. I see that they've lost somewhere in the range of $53 million in the last 3 years because of Check 21, and even though they seem to be doing better on the Express side of things, does anyone know where the company will be a year from now?

The last thing I'd want to do is take a class date, only to find myself out on the street soon after. It seems like a good company, but is the Express side of business paying the bills?

 

[flyinag02]

AirNet will be around for the near future if not longer. Although bank work is declining, it will still be around for the near future. You will not be out on the street if you come to AirNet. I am a new hire and have no doubt that I will have a job hear for as long as I want one.

 

[Starcheck]

I've been with Airnet for 20 years. The face of the company is changing with the decline of the check, but it's not going away all that fast.

Most of the $53 million loss, are impairment charges, not actual cash losses, because the "brilliant" previous management had the company and equipment overvalued to a significant degree. The company is still making money.

More frieght, consolidated routes working our way into the non-check niche that we do so well. The company should be around for a long time to come. Otherwise I would be looking.

A year ago (even 7 months ago) I was looking for something as a backup should Airnet go under. But, now with Bruce Parker in charge, and more importantly Joe Biggerstaff fired (sound of applause),there is adult supervision and competent management in place.

If you're in the pool call recruiting tomorrow there are openings immediately available.

Shawn

 

[unreal]

Wow, thanks for the great replies. That really has eased my mind knowing that things aren't looking as grim as what's on paper.

The only thing keeping me from going to class is the pay, and Craig knows this. It's impossible for me right now to move myself to the east coast, only to be paid $165/week during training before making SIC pay. I have heard that there's some talk about making the pay better, so here's hopin'.

 

[HAZ-MAT]

I would take Starchecks post seriously. They will be around for quite some time. If you are afraid that they might disappear in a year or so after employment, I doubt it, however if that was ever to happen, you wouldn't have a problem getting a job in a 121/135 environment.

:beer:

 

[Princedietrich]

I'll reiterate what Starcheck said, even though he is one of those despicable Wolverine lovers and therefore doesn't know what he's talking about. imp:

Seriously though, that $53 million loss was nothing more than shifting a few digits from one column in the ledger to another column. No cash was involved, except for the cash that all the shareholders lost when the price of the stock PLUMMETED. I think it's very safe to say that the company will not be pulling a Southeast Airlines trick and lock the doors overnight. Or would it be overday....... Bah. Point is that the company is going to be there a while, especially now that Bigglesworth is out on his butt.

 

[Mason]

Go to Airnet, have fun, be safe, and build some quality PIC experience. If you want to jump to a regional after your year commitment you'll have no problem at all. Or stay, get some Lear PIC experience and see where that takes you. It's fun if you don't mind hard work, the training is good, and the aircraft maintenance is top notch. Good luck.