Vistajet will surely still be around in 12, 24, 48 or more months from now. Rest assured. It's a "sellers market" now so pilots, for the first time in decades, have a greater choice of where, how and for whom they want to work. For some the 'Vista-package' doesn't work so they decide to seek employment elsewhere. That is a good thing. Both for the individuals involved and for the company because if you are unhappy with your employment you don't give it a 100%. People disparage the VistaJet model here comparing it to the likes of e.g. NetJet. That is unfortunate because the very idea of these 2 companies are radically different which makes their approach towards the market, both renumeration package and clientele, almost incomparable.
NetJet idea is based of fractional ownership. This means that all costs will be payed for by the owners of the aircraft that NetJet manages. If NetJet management did their homework correct then they would never have to dip into their own kitty to supplement owners expenses. Only when things go disasterly wrong (like in the 2008 financial meltdown) do they have to make up for short-falls. And like others said before, they did so in a very humane/generous way. Kudos to them for that.
VistaJet on the other hand operates more like an airline in this respect meaning that they took/take all the risk upfront to buy and crew and maintain and operate 70+ aircraft worldwide and then try to recover this expenditure by chartering. Either 'on-demand' or by selling hours. This means that they have to be as lean as possible I think.
The 'Vista-package' is quite straightforward and management never minces words about what it entails. Still 350+ pilots have decided to take them up on it and do their utmost to make the Vistajet model work. I therefor find it distasteful that many here disparage their colleagues for doing exactly what they themselves are doing; working for a company with the T's&C's that they find acceptable.
And those who's perspective has changed and they no longer find the 'Vista-package' acceptable will seek employment elsewhere. VistaJet will no doubt find crew to replace them and everybody will be happy.
Last edited by dnx; 6th January 2019 at 20:52.
Reason: gramar