Netjets airplanes in storage
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So is it the begining of the end or the end of the begining for NetJets...?
Seems that it is not going anymore so well and that the plans are revised
Wait and see, redundacies to be announced next....
Seems that it is not going anymore so well and that the plans are revised
Wait and see, redundacies to be announced next....
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Wait and see, redundacies to be announced next....
As a result, business is reduced at charter and fractional operators. That will result in aircraft grounded and staff being laid off.
None of that is a surprise or a particularly unique insight.
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Don't tell that to the founders of Jet Bird (Phenom 100 air taxi)!!!!! Perhaps they will fly the former NJE owners in the smaller, cheaper Phenom 100 charter flights instead...
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NJE parked
Several 400 and 800 Parked up, some at chester, some in Cascais LPCS know of many pilots at home on standby not flown for months.
Its not just Net Jets, everyone is parking aircraft cheap parking is the new fashion statement.
Lasham, Biggin Hill, Manston, Robin Hood, are all starting to have biz jets parked on their ramp for long periods.
Its not just Net Jets, everyone is parking aircraft cheap parking is the new fashion statement.
Lasham, Biggin Hill, Manston, Robin Hood, are all starting to have biz jets parked on their ramp for long periods.
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No pilots gonna be laid off.
And now there is more talk of pilots being fired. First the emails from uphigh say 'nobody will be fired' then it become 'we looking at options' now the langauge become less sweet.
I tell you it is comming.
I tell you it is comming.
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Just do the sums.
It is not rocket science to see that pilots are going to have to be laid off, most permanently. Oh yes. If the "man management" at NJE was such they should have been honest and said to the work force, "prepare for bad news" at the onset, then one would have a little more respect for the "management". Problem is they believe their own B/S and spin.
Why would NJE or NJME be immune to staff cuts including pilots?
The turnaround in the economy has not begun. This is the reality of the sad times we are living in and no job is safe. To say otherwise is complete folly.
On a brighter note, there is a life outside aviation.
It is not rocket science to see that pilots are going to have to be laid off, most permanently. Oh yes. If the "man management" at NJE was such they should have been honest and said to the work force, "prepare for bad news" at the onset, then one would have a little more respect for the "management". Problem is they believe their own B/S and spin.
Why would NJE or NJME be immune to staff cuts including pilots?
The turnaround in the economy has not begun. This is the reality of the sad times we are living in and no job is safe. To say otherwise is complete folly.
On a brighter note, there is a life outside aviation.
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word on the piazza is that netjets US have released details of an agreement with pilots on various "voluntary" options to cut back the workforce. Europe to follow probably.
Anyone have more information?
Anyone have more information?
NJME is not parking planes at the moment.
Certainly we have been slow but that has a lot to do with various different reasons and the prime one we have is that the oil price has been too low.
Like all things here in the gulf, everything that is capital intensive requires a good oil price.... the more they make, the more they spend.
We have taken delivery of 3 Hawker 750s and there are more on the way, and 3 older 800s have gone. LX's are still coming and the timing is dependant upon the certification of the winglets.
All up we have weathered it ok so far
Certainly we have been slow but that has a lot to do with various different reasons and the prime one we have is that the oil price has been too low.
Like all things here in the gulf, everything that is capital intensive requires a good oil price.... the more they make, the more they spend.
We have taken delivery of 3 Hawker 750s and there are more on the way, and 3 older 800s have gone. LX's are still coming and the timing is dependant upon the certification of the winglets.
All up we have weathered it ok so far
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scambuster.
A little bird landed on my shoulder a couple of weeks ago and told me that pretty soon NJA would be offering it's crew several options namely 1) Early retirement with a lump sum pay-off, 2) A short leave of absence (12-18 months?) on 25-33% salary, 3) Leave of absence on US$1000 per month 'retainer', 4) Lighter workload/reduced roster plus a couple of (then) to be decided other choices. That was during the negotiation phase so I've no idea which, if any, of the proposals made it to fruition.
NJE are of course in a completely different position as all attempts at forming a union were spiked (with a little help from a Quisling or two) so the workforce has absolutely no clout and will just be along for the ride to the awful end. As someone said earlier the language in company memos has gradually become less warm and fuzzy over the last few months and it's looking like the worst will happen. No idea on numbers but they've got to be at least 30% pilots overcrewed for the current market or even the first year or two of any upturn in the market. The boys and girls I bump into around the traps tell me they're practically idle.
I don't think it's going to be a case of 'if' but 'when' (this summer?) and 'who'. The seniority list is really just there to placate the masses and will give little if any protection. Those staying will be the ones most useful in the short term ie, whose aircraft aren't parked up in St Mawgan. Not sure where that leaves the cadets. Are they still putting them through Oxford?
A little bird landed on my shoulder a couple of weeks ago and told me that pretty soon NJA would be offering it's crew several options namely 1) Early retirement with a lump sum pay-off, 2) A short leave of absence (12-18 months?) on 25-33% salary, 3) Leave of absence on US$1000 per month 'retainer', 4) Lighter workload/reduced roster plus a couple of (then) to be decided other choices. That was during the negotiation phase so I've no idea which, if any, of the proposals made it to fruition.
NJE are of course in a completely different position as all attempts at forming a union were spiked (with a little help from a Quisling or two) so the workforce has absolutely no clout and will just be along for the ride to the awful end. As someone said earlier the language in company memos has gradually become less warm and fuzzy over the last few months and it's looking like the worst will happen. No idea on numbers but they've got to be at least 30% pilots overcrewed for the current market or even the first year or two of any upturn in the market. The boys and girls I bump into around the traps tell me they're practically idle.
I don't think it's going to be a case of 'if' but 'when' (this summer?) and 'who'. The seniority list is really just there to placate the masses and will give little if any protection. Those staying will be the ones most useful in the short term ie, whose aircraft aren't parked up in St Mawgan. Not sure where that leaves the cadets. Are they still putting them through Oxford?
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Don't Panic......
Things are difficult for everyone in this business and now is the time to hold ones' nerve. The cousins (NJA) have bashed out a deal that the pilots and management seem to be happy with. If we get a deal that is similar, I won't complain. It's on the NJASAP website for all to see.
Netjets doesn't want to make anyone redundant and never has in it's history but, times are tough. Time will tell but I don't think we, the pilots, are going to get stuffed. There are 20 crew members working with management looking for a solution as I type this. True, we have no union ,the crews are being listened to and now is not the time for a game of 'us and them'.
Time will tell but, I'm not worried.......yet!
Netjets doesn't want to make anyone redundant and never has in it's history but, times are tough. Time will tell but I don't think we, the pilots, are going to get stuffed. There are 20 crew members working with management looking for a solution as I type this. True, we have no union ,the crews are being listened to and now is not the time for a game of 'us and them'.
Time will tell but, I'm not worried.......yet!
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Captain C.
The 20 pilots are no doubt talking to the same people who filibustered by introducing the long, drawn out 'survey'
and who will still trouser their bonuses. They sure as hell won't be facing the chop and I think the not-so-subtle shift in their language should be a big clue as to which way their thinking is going.
I'm inclined to think that the best thing for NJE crew would be a nice, early upturn in the market before anyone has to see just how generous Lisbon is feeling. Should it come to the latter my inclination would be toward 'not very' although they'll couch it in some warm and fuzzy language. Wonder what their budget on 'Consultants' has been this quarter?
The 20 pilots are no doubt talking to the same people who filibustered by introducing the long, drawn out 'survey'
and who will still trouser their bonuses. They sure as hell won't be facing the chop and I think the not-so-subtle shift in their language should be a big clue as to which way their thinking is going.I'm inclined to think that the best thing for NJE crew would be a nice, early upturn in the market before anyone has to see just how generous Lisbon is feeling. Should it come to the latter my inclination would be toward 'not very' although they'll couch it in some warm and fuzzy language. Wonder what their budget on 'Consultants' has been this quarter?
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Flinty,
Surely if you were so well informed about all things NJE you wouldn't need to ask if cadets are still going thru Oxford.
Then again with over 1,700 posts perhaps you just cant resist....
Surely if you were so well informed about all things NJE you wouldn't need to ask if cadets are still going thru Oxford.
Then again with over 1,700 posts perhaps you just cant resist....
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You don't need to be up to date on cadets or even inside the company to know how the people at the top think. They're the same people who were there three years ago and after six years in NJE I think I have a pretty good idea of a) how their masters across the pond think and b) just how long any company can hold out before making some commercial decisions. How many stockbrokers actually work for the companies whose shares they buy and sell? None, yet they can still 'read' them from the outside.
"1700 posts", and your point is? That it equates to two a week? I appreciate that as a NJE noob you're worried but there's no need to get snotty with the messenger.
"1700 posts", and your point is? That it equates to two a week? I appreciate that as a NJE noob you're worried but there's no need to get snotty with the messenger.
Last edited by Flintstone; 22nd Apr 2009 at 15:23.
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Whispers in the trattoria say that the cadets in or about to join NJE are for the moment immune.
The NJA agreement is out in the public domain.
The scam i'm going to bust this time is that recession is a social tool to quell the workers. Its a cycle, not a bicycle. When the going gets good, there's a slump. Whoopee, the rich stay rich and the troops get stuffed. Get over it, that's life and always has been.
The NJA agreement is out in the public domain.
The scam i'm going to bust this time is that recession is a social tool to quell the workers. Its a cycle, not a bicycle. When the going gets good, there's a slump. Whoopee, the rich stay rich and the troops get stuffed. Get over it, that's life and always has been.