xo jet problems

[Outta Here]

sounds like X-Rated is drinking the ole cool-aide. I remember when I did that with my last company. The pilots are always the last to know

 

[t-bone]

It isn't that unusual for some of the info you mentioned to get to the flight crew. We will obviously know who we are flying. And if out of curiosity the crew asks what it costs to fly a X from SFO to Beijing, and if it is profitable, why not? Owner information and costs might have a tighter lid, but charter flights are a different story.

We don't know everything about our company, but a good amount of info is shared with the pilot group. There have been many instances where pilots have helped improve our product because they were in the know, and their suggestions were shared with the decision makers.

We do have some pilots in leadership positions that at times have direct contact with the CEO and the Board of Directors at meetings, and they do get to share some of the info from those meetings with the rest of the pilot group.

It is a different culture here. We are still "need to know", but our mgmt thinks we should know more of what is going on, as compared to other fracs and charter companies.

But under no circumstances should we be discussing these intimate details of our company with anyone outside of the company. Especially who we are flying. Our clients pay a lot for that confidentiality, and it's our job to respect it.

 

[NJAowner]

X-- credit is not equity, plain and simple. It is great to have the financing that XO has but it is not equity. Plus, the conditions don't just incldue what XO is doling and in its control, they basically boil down to does the lender (Bombardier, UAE, etc.) feel like making the loan based upon what is happening everywhere and anywhere in the world. That is the exact reason why in the past few months many companies have been pulling down their credit and saving the cash (even though they are paying the interest on it) even though they do not need it yet.

The most basic, and strange fact about business credit is when you don't need it you are given tons of it, and when youactually need it it is all gone.

Good luck.

P.S. - Despite many communications with your sales people, I still have many problems with your model for someone who needs 100-150 hours per year. The costs greatly exceed those of my NJA share ownership and significantly exceed the costs of if I bought a Marquis card to handle the trips. The "fixed price" plan is a marketing illusion. I have not looked at your ownership plan since earlier in the year but for me it did not make sense then. Plus, you practically have to beg to get someone to return your emails or calls. I guess XO is extremely busy. But they are better than Talon Air who despite numerous emails and voice mails, has yet to call me back even once about handling some supplemental lift for hours I am running over on my NJA share.

 

[Whale Rider]

:laugh:I LOVE WORKING AT XOJET!:laugh:

 

[Hung Start]

X-- Plus, you practically have to beg to get someone to return your emails or calls. I guess XO is extremely busy. But they are better than Talon Air who despite numerous emails and voice mails, has yet to call me back even once about handling some supplemental lift for hours I am running over on my NJA share.

Well, Mr. NJA Owner, have you considered one of Flexjet's card programs for your supplimental lift? PM me if you wish and I promise a quick return from our sales staff!

Hung
Just a FX pilot, not sales.

 

[Semore Butts]

I applaude your initiation Hung

Did they initiate a program at Flex so you guys get a commision?

I once flew an owner in the Lear 60 that said he was getting out.

He came up front and we talked to him at length about comparisons.

He was convinced, and assured us we would get the credit and commision.

He took our information and we never heard a thing.

We called in our experience to company and also talked to sales.

My CPT followed up and was basically as well after that and we nver got squat.

Does Flex feel like Bombardier is selling to the competition? I mean, will that effect you?

I have alot of buddies at Flex. They were good to me, but I'm glad I moved on.

Take care, Semore

 

[clydefastly]

But under no circumstances should we be discussing these intimate details of our company with anyone outside of the company. Especially who we are flying. Our clients pay a lot for that confidentiality, and it's our job to respect it.

I totally agree T, the proper discretion was not used for skiandsurf to find out those details.

Skiandsurf Thank You for being professional and not posting the names of those clients.

 

[flyipilot]

:laugh:I LOVE WORKING AT XOJET!:laugh:

Well, enjoy it while it lasts!

 

[Semore Butts]

Good for you Whale Rider!

Say, are you into fat chicks or something?

Hoist one in remembrance of he vets today if ya can.

I know they would appreciate it!

 

[captain007]

I have 2 friends that work there and they are doing great. They love their job and are treated well. One told me they are also starting interviews back up.

 

[clickclickboom]

Thanks NJOwner, but I said equity financing. 900M from the Canadian govt and 1.5 Billian with a "B" from Tasameem U.A.E., and 700 million from various other sources. I'm sure there are conditions, but what makes you think we are not meeting those conditions? Like I said, 3.1 Billion dollars available for equity financing plus hundreds of millions of cash in the bank! I'm not sure I understand the point of your post?

Step back Francis... It's great to have confidence in yourself or your organization but take a look around you and realize that there is a very very fine line that seperates " billions of credit " and " Liquidation "

 

[X-rated]

Hoist one in remembrance of he vets today if ya can.

I know they would appreciate it!

Here's to them. :beer:

 

[superfly]

If your thinking about putting a substantial amount of $$$ for transportation, the company had better be finacially secure. What happens when you want to sell? I think as the economy struggles Netjets will appeal to more people thinking about finacial security.

XO Jet has the best engine covers I've seen!

 

[NETFLIER]

AS I POSTED MONTHS EARLIER:

When they ran thier "special" on prices for flights. They are struggling for Revenue. Flying is down for everyone from major airlines to major fractionals, this is not the environment for startups.

As credit continues to tighten, hedge funds and private investment will put thier money LAST in aviation, certainly NOT an unproven business model such as XO.

I said it once, will say it again, "its only a matter of time, but XO's time is sooner rather than later."

 

[can99]

A quick thought if you used all $3.1 billion dollars in funding/credit/equity financing... whatever it is, just on a 5% per year return thats a payment of $155,000,000 per year!!! or $424 625 per day!!! just on the interest ALONE! (if its european billion then its a lot more $$)

Imagine trying to pay that out of a corporate aviation business... I dont even think they likes of old Warren Buffet would take on that one!

 

[cherry20's]

AS I POSTED MONTHS EARLIER:

When they ran thier "special" on prices for flights. They are struggling for Revenue. Flying is down for everyone from major airlines to major fractionals, this is not the environment for startups.

As credit continues to tighten, hedge funds and private investment will put thier money LAST in aviation, certainly NOT an unproven business model such as XO.

I said it once, will say it again, "its only a matter of time, but XO's time is sooner rather than later."

Wow, this guy knows everything! Our "special" was aimed at pulling customers from other places, no not Netjets (we know they love their service!). It was a special to get people on our planes to see the difference for themselves. You can keep thinking what ever you want though buddy...

I know your going to come back with something when I say this...

I'm at the very bottom of the seniority list, number 122 of 122, and I am not worried about my job or any other pilots job here at XOJet. We are interviewing and hiring currently. Have one class scheduled and one in the works.

Just sit back and watch, its gonna get good!

Oh yeah, and since our engine covers are nicer than everyone else's, that must mean we are the best, right?:laugh:

 

[cherry20's]

oh yeah, I love my job too!

 

[Sioux115]

Why is everyone seem to be rooting against XOJET? Its almost on the level of Mesa bashing, but XOJET sounds like a stand up company that treats its people well.

 

[hyflyin]

Why is everyone seem to be rooting against XOJET? Its almost on the level of Mesa bashing, but XOJET sounds like a stand up company that treats its people well.

I often wonder that myself, SWA's model was hassaled, threatend, etc... and yet??

"Life is lived forward and understood backwards". Lets see where XO goes with this, maybe there is a better way, lets watch and learn.

As an NJAer I would like to wish everyone in the aviation industry luck, because we ALL need it!

:beer:

 

[ArtVandalay]

Hey x-rated, how many challenger 300 orders did XO recently drop? With all that cash to go around that you claim, why are they reducing the order? Or are you going to call it "streamlining"?