NJA vs Others
Beytzim
Last year when it was my time to renew my contract with NJA, I looked around again. WHat did I see ??
While NJA may be the most expensive frac out there, it is not by much.
F.O. Comparing new aircraft to FO, apples to apples, acquisition costs are the same and monthy fess are within $100-200 per month per 1/8th (I studied this last year do not have this year's FO numbers. Negligible difference. I fly from the Northeast to the Rockies several times per yer (not Aspen or Vail, a small out of the way place). Twice NJA has had problems with a plane. The first time I had a back-up (C-X) within 1 hour of my sheduled departure. The second time I got a EJM Falcon 900 from a corporate fleet. I was there once with a collegaue who is with FO, and we waited 4 hours. He has had this several times. WHile this may not be a problem for FO in the NE, it is in the out of the way Rockies.
CS. Nice outfit - liked them. But not enough depth in the system to go to the ROckies often and sometimes I need something larger than the Excel. If I only wnet NE to Fla and back, it would be an option.
FX. Requires you to buy a share in a new plane after 5 years (I believe they just changed this). With NJA, if your plane type is still in the fleet, you just renew at the new MMF rates. No need to buy a new plane. On an Excel, this could be $200K-$300K extra every 5 years (I know FX doesn't have Excels - no one flame me please).
Just my 2 cents and much more $$ in analysis.
Fly Safe.
P.S. You say: "In those financials, the company is barely afloat. It's a miracle in itself that we have survived this long, let alone another 5 years. According to Boisture, we have much cost cutting to do. This, of course, will invariably directly affect your service." BZ, you seem like a smart guy. Have you ever heard of a company in the midst of serious labor neotiations with its largest union saying --- "We are making so much $$ we have no idea what to do with it. Our shareholders have said their returns have more than been exceeded. We can't pay top management any more nor can we make any acquistions or expansions. Therefore, we must pay it to the union employees". I have never seen a large company in heated labor negotiations paint a picture that is not gloomy.
Beytzim
Last year when it was my time to renew my contract with NJA, I looked around again. WHat did I see ??
While NJA may be the most expensive frac out there, it is not by much.
F.O. Comparing new aircraft to FO, apples to apples, acquisition costs are the same and monthy fess are within $100-200 per month per 1/8th (I studied this last year do not have this year's FO numbers. Negligible difference. I fly from the Northeast to the Rockies several times per yer (not Aspen or Vail, a small out of the way place). Twice NJA has had problems with a plane. The first time I had a back-up (C-X) within 1 hour of my sheduled departure. The second time I got a EJM Falcon 900 from a corporate fleet. I was there once with a collegaue who is with FO, and we waited 4 hours. He has had this several times. WHile this may not be a problem for FO in the NE, it is in the out of the way Rockies.
CS. Nice outfit - liked them. But not enough depth in the system to go to the ROckies often and sometimes I need something larger than the Excel. If I only wnet NE to Fla and back, it would be an option.
FX. Requires you to buy a share in a new plane after 5 years (I believe they just changed this). With NJA, if your plane type is still in the fleet, you just renew at the new MMF rates. No need to buy a new plane. On an Excel, this could be $200K-$300K extra every 5 years (I know FX doesn't have Excels - no one flame me please).
Just my 2 cents and much more $$ in analysis.
Fly Safe.
P.S. You say: "In those financials, the company is barely afloat. It's a miracle in itself that we have survived this long, let alone another 5 years. According to Boisture, we have much cost cutting to do. This, of course, will invariably directly affect your service." BZ, you seem like a smart guy. Have you ever heard of a company in the midst of serious labor neotiations with its largest union saying --- "We are making so much $$ we have no idea what to do with it. Our shareholders have said their returns have more than been exceeded. We can't pay top management any more nor can we make any acquistions or expansions. Therefore, we must pay it to the union employees". I have never seen a large company in heated labor negotiations paint a picture that is not gloomy.
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