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Wheels up
- Thread starter luftmann
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Newkem
Well-known member
- Joined
- Jan 28, 2008
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- 517
http://video.cnbc.com/gallery/?video=3000227025&play=1
"well, joe, we're building an absolute total aviation solution. the most efficient solution that a customer would want. on the flights less than two hours, you want to fly at 3950. what does that mean? per hour. per hour. but 60% of the lift we'll need for our 10,000 members in 2020 is going to happen on jet planes. and cessna is the number one light mid cabin, super mid cabin manufacturer in the world. and to sit next to scott and have a commitment from his company to support wheels up, unbelievable. it's like a partnership sort of. you're doing the finaning, for wheels up, scott? how does it work? how many you starting with? well, we can based on how our membership is stacking up, 15 to 20 airplanes a year. we're going to do a combination of pre-owned, they're going to refurb for us, backup for us, new planes where appropriate. and we can take 15 to 20 airplanes a year. you've got firm orders for 20 of them already? no, we have a little bit less than that. but we're already set with the orders. we've started the conversion activity. we're really excited. kenny is an individual that really understands the market with what he's done marquee jet. we feel we have a competitive product. it's reliable, i think our customers are happy to be in the product. and opened up a whole new space of customers that can access the product. want to know, what's the difference in terms of the type of customer going with wheels up compared to net jets? well, it's interesting, i think the net jet business is a great business. i mean, we were -- we built it over the last ten years and it handles a niche market in the airplane space. what wheels up does is opens up 3 to 5 times the 150,000 people we targeted. i believe that 1/3 to half marquee folks will end up supplementing their aviation portfolio with the wheels up card. what were they doing before? in terms of the people? where were they flying? you said supplement, they'd be -- they're going to supplement. yeah, they supplement with charter. the aviation consumer has become a lot smarter. and i think that people are using net jet for the tough stuff, stuff into the mountains over the holiday season."
_____
Again, CEO of Cessna looked like there were places he would rather be than talking head on CNBC.
"well, joe, we're building an absolute total aviation solution. the most efficient solution that a customer would want. on the flights less than two hours, you want to fly at 3950. what does that mean? per hour. per hour. but 60% of the lift we'll need for our 10,000 members in 2020 is going to happen on jet planes. and cessna is the number one light mid cabin, super mid cabin manufacturer in the world. and to sit next to scott and have a commitment from his company to support wheels up, unbelievable. it's like a partnership sort of. you're doing the finaning, for wheels up, scott? how does it work? how many you starting with? well, we can based on how our membership is stacking up, 15 to 20 airplanes a year. we're going to do a combination of pre-owned, they're going to refurb for us, backup for us, new planes where appropriate. and we can take 15 to 20 airplanes a year. you've got firm orders for 20 of them already? no, we have a little bit less than that. but we're already set with the orders. we've started the conversion activity. we're really excited. kenny is an individual that really understands the market with what he's done marquee jet. we feel we have a competitive product. it's reliable, i think our customers are happy to be in the product. and opened up a whole new space of customers that can access the product. want to know, what's the difference in terms of the type of customer going with wheels up compared to net jets? well, it's interesting, i think the net jet business is a great business. i mean, we were -- we built it over the last ten years and it handles a niche market in the airplane space. what wheels up does is opens up 3 to 5 times the 150,000 people we targeted. i believe that 1/3 to half marquee folks will end up supplementing their aviation portfolio with the wheels up card. what were they doing before? in terms of the people? where were they flying? you said supplement, they'd be -- they're going to supplement. yeah, they supplement with charter. the aviation consumer has become a lot smarter. and i think that people are using net jet for the tough stuff, stuff into the mountains over the holiday season."
_____
Again, CEO of Cessna looked like there were places he would rather be than talking head on CNBC.
Safetycheck
Retired and PO
- Joined
- May 14, 2002
- Posts
- 175
Ooh look look. Oh how precious! How amazing!
A baby bubble being born right before our eyes! Aww how cute!!!
I bet it will pop bigger and better than its parents. How special!
Stay very far far away.
Nevergreen
Well-known member
- Joined
- Dec 14, 2005
- Posts
- 816
johnsonrod
Well-known member
- Joined
- Feb 25, 2006
- Posts
- 4,218
If WU requires FOs to have 1500/ATP at minimum, how are they going to attract pilots away from the expanding regionals and 91/135 operators with the schedule and salaries they are offering? I can see why they would want a training bond/contract - to keep pilots from leaving if they don't like the current schedule.
I'm a regional pilot and most pilots who go to the regionals do so with the understanding they will maximize their hours and experience for lowish pay and then hopefully move on (stepping stone). For that reason, the morally-degrading starting pay has been accepted as a price of doing business for many of us. I'm not promoting low wages, I am saying it has been a fact of life - at least until the pilot shortages start soon and wages inch upwards.
The challenge would be to attract enough quality pilots and then retain them. Avantair didn't have a big issue because the economy was in flux and many furloughed pilots were desperate. With the economy improving and regional/major airlines increasing their hiring, it will be interesting to see if WU and others can attract enough quality pilots at the current pay/schedule.
A potential positive for pilots considering WU would be an opportunity to progress from the King Air to the proposed jets (XLS and Sovereign) over time and make more money. Not sure if that is an option or what the plan would be....
Last edited:
NoJoy
LAMA/400
- Joined
- Jan 20, 2005
- Posts
- 529
It was only a matter of time before a signing contract would be required. Too bad really, but the training at FS for a KA300 type is around $28,000. They have had a few leave Gama after only a few months there. The 6/3 sched is the main culprit.
ProFracPilot
What's it doing now?
- Joined
- May 1, 2003
- Posts
- 701
Does anyone know the term of the indentured servitude, er, I mean "training contract"?
lookin4better
Well-known member
- Joined
- Apr 11, 2005
- Posts
- 6,970
Probably the scum-bag types that will contract and charge for recurrent too?.. I wouldn't go there if I was unemployed.
johnsonrod
Well-known member
- Joined
- Feb 25, 2006
- Posts
- 4,218
I did not realize WU was looking to potentially order this many Citations (of course it requires them to ACTUALLY hit their growth targets):
From AIN:
In a CNBC interview with Wheels Up founder and CEO Kenny Dichter on Friday, Cessna CEO Scott Ernest indicated that the initial commitment calls for the manufacturer to provide no more than 20 Citations, but it is unclear whether these will come from the manufacturer?s CitationAir charter fleet. Dichter expects to take between 120 and 150 Citations over the next seven years if the membership base for the program reaches 10,000 by 2020. As of mid-December, Wheels Up had approximately 150 members and Dichter expected this number to reach at least 250 by month-end.
From AIN:
In a CNBC interview with Wheels Up founder and CEO Kenny Dichter on Friday, Cessna CEO Scott Ernest indicated that the initial commitment calls for the manufacturer to provide no more than 20 Citations, but it is unclear whether these will come from the manufacturer?s CitationAir charter fleet. Dichter expects to take between 120 and 150 Citations over the next seven years if the membership base for the program reaches 10,000 by 2020. As of mid-December, Wheels Up had approximately 150 members and Dichter expected this number to reach at least 250 by month-end.
JustPlaneTruth
Well-known member
- Joined
- Oct 11, 2013
- Posts
- 69
flagshipper
Well-known member
- Joined
- Jul 17, 2004
- Posts
- 368
NoJoy
LAMA/400
- Joined
- Jan 20, 2005
- Posts
- 529
^^^What? Didn't they have some paperwork on them stating $70,000 for CAs and $55,000 for FO's. If pilots have the type in the 350 and experience, pay is supposed to start out at $80,000 for CA's. WTF. Not sure if this is Wheels Up doing or Gama. The sched is already bad enough-now their screwing with the pay scale. Avantair part II-yay 
Newkem
Well-known member
- Joined
- Jan 28, 2008
- Posts
- 517
Wtf
Pilots who would accept a job without an offer letter stating terms of employment should not be in the NAS. Unfortunately companies are out there demonstrating their union-provoking management style making mistakes like this. Does not bode well for the future of WU, or at least for GAMA as an operator of WU aircraft.
Applause for those who walked out. I'll be taking your job now. :blush:
J/K. Unfortunately there are many unemployed gear yankers who are eager and ready to do so.
Pilots who would accept a job without an offer letter stating terms of employment should not be in the NAS. Unfortunately companies are out there demonstrating their union-provoking management style making mistakes like this. Does not bode well for the future of WU, or at least for GAMA as an operator of WU aircraft.
Applause for those who walked out. I'll be taking your job now. :blush:
J/K. Unfortunately there are many unemployed gear yankers who are eager and ready to do so.
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