Go Back  PPRuNe Forums > Aircrew Forums > Biz Jets, Ag Flying, GA etc.
Reload this Page >

Flexjet Europe starts up

Biz Jets, Ag Flying, GA etc. The place for discussion of issues related to corporate, Ag and GA aviation. If you're a professional pilot and don't fly for the airlines then try here.

Flexjet Europe starts up

Old 30th Aug 2019, 14:40
  #81 (permalink)  
 
Join Date: Jan 2006
Location: France
Posts: 410
CaptainProp Germany will be in a recession in Q3 of 2019. And most likely there will be a hard Brexit, as the clown from the Thames has taken control of it. France is not doing great, either. Don't let me start talking about Italy.

I don't find the timing of Flexjet Europe's re-launch very well thought out, they are 4 or 5 years late. I hope they will not become another Jet Republic.
EatMyShorts! is online now  
Old 30th Aug 2019, 14:41
  #82 (permalink)  
 
Join Date: Dec 2001
Location: Europe
Posts: 298
Originally Posted by CaptainProp View Post


Recession? Really? I don’t see that happening any time soon. What do you base that on?

CP
There is a lot of uncertainty in the world. Trade wars, Trump vs Iran and Brexit to name just three. Anyone of these going badly can easily be the catalyst for a recession. Germany had two quarters of negative growth and it's supposed to be one of the motors of the European economy. A hard brexit will harm Germany's and other EU countries' economies and will harm the UK's even more. Furthermore the ECB interest rate is already zero so no way for the ECB to lower the rate to counter a recession.

Things in the US look a bit better for the time being but it's a globalised economy and the US is not immune to the above. Also, not many saw the last recession coming either. I'm no expert and obviously can't predict the future, just like the experts can't either, but I think it's more likely than not that within the next 18 months or so the economy will turn sour at least in Europe .

Last edited by 733driver; 30th Aug 2019 at 16:23.
733driver is offline  
Old 30th Aug 2019, 17:26
  #83 (permalink)  
 
Join Date: May 2018
Location: South of the North pole
Posts: 220
There maybe another downturn again but we are hardly looking at another 1929 or 2009 financial crash again!!

Europe still has not fully recovered from 2009 crash but banking systems all over the world have put protections in place which they did not have last time.

So yes, the global economy ebbs and flows but I personally do not believe any downturn that might be on the way will be disastrous!
Daddy Fantastic is offline  
Old 30th Aug 2019, 23:44
  #84 (permalink)  
 
Join Date: Jan 2006
Location: France
Posts: 410
Originally Posted by Daddy Fantastic View Post
There maybe another downturn again but we are hardly looking at another 1929 or 2009 financial crash again!!
Correct. It will be even worse than 2009. As 733driver mentioned, the interest rate is already at 0% - there's no more way to help out this time. I hope it will be not that bad.

EatMyShorts! is online now  
Old 31st Aug 2019, 06:18
  #85 (permalink)  
 
Join Date: Jun 2001
Location: EUSSR
Posts: 383
Thumbs down

Originally Posted by Delta12 View Post
How can a piece of shit aircraft like the H400 become a blast all of a sudden ?
I do not get why they did not pick a good jet (like Lear 35 etc etc) and retrofit it... Why pick a jet that was shite from the beginning ?
Because its extremely cheap ?
Utter nonsense. Obviously, many operators, Nextant and the USAF think differently.
wondering is offline  
Old 31st Aug 2019, 09:12
  #86 (permalink)  
 
Join Date: Nov 2001
Location: Where the Money Takes Me
Posts: 902
Given that Flexjet and Nextant are borne of the same Owners, isnt it obvious why the 400XTI was chosen?
LGW Vulture is offline  
Old 31st Aug 2019, 09:40
  #87 (permalink)  
 
Join Date: Apr 2013
Location: Europe
Posts: 70
I don't see why they come again NOW and why Europe needs another player when the charter rates are down and all companies are fighting to survive.
From my understanding they are positioning themselves as a premium company and use 2nd hand retrofitted Legacy 600s and some sort of recycled Beech 400s as Nextants? I don't get the conecpt yet.
Proline21 is offline  
Old 31st Aug 2019, 15:00
  #88 (permalink)  
 
Join Date: Aug 2002
Location: Up north
Posts: 1,612
Originally Posted by EatMyShorts! View Post
CaptainPropGermany will be in a recession in Q3 of 2019. And most likely there will be a hard Brexit, as the clown from the Thames has taken control of it. France is not doing great, either. Don't let me start talking about Italy.

I don't find the timing of Flexjet Europe's re-launch very well thought out, they are 4 or 5 years late. I hope they will not become another Jet Republic.
Germany will NOT be “in a recession in Q3 2019”. That’s simply not correct and not realistic.

The IMF is even predicting increased growth in Germany for 2020 compared to 2019.

https://www.imf.org/en/News/Articles...onomic-outlook

Yes there is a lot of uncertainty in the world, especially in the Middle East, but Saudi and OPEC is and will continue using oil price / production much in the way the banks have been using interest rate to stimulate the economies in the world. They need to sell oil and don’t want the “west” to go in to a recession.

As far as US / China relationships go Trump’s little trade war is all good and helps him pushing his agenda. But once this starts biting him in the @ss in the form of declining US economical numbers he will make deals with China again and all will be forgotten. A US strong US economy is what’s keeping him in the Whitehouse, and he knows it.

“Europe and Central Asia: Regional growth is expected to firm to 2.7% in 2020 from a four-year low of 1.6% this year as Turkey recovers from an acute slowdown. Excluding Turkey, regional growth is expected to grow 2.6% in 2020, slightly up from 2.4% this year, with modest growth in domestic demand and a small drag from net exports. In Central Europe, fiscal stimulus and the resulting boost to private consumption will begin to fade in some of the subregion’s largest economies next year, while growth is expected to modestly recovery to 2.7% in Eastern Europe and moderate to 4% in Central Asia. Growth in the Western Balkans is anticipated to rise to 3.8% in 2020.”

https://www.worldbank.org/en/news/pr...ial-risks-seen

CP

CaptainProp is offline  
Old 31st Aug 2019, 15:12
  #89 (permalink)  
 
Join Date: Aug 2002
Location: Up north
Posts: 1,612
Having said all that, of course the risks are big. The local European economy, as well as the wider global economy, is very fragile and doesn’t respond well to all this uncertainty, be it Brexit, the financial and political state of some European countries or the regional issues in for example the ME. Having said that, I‘m optimistic and I hope and think that we will find solutions and over time strengthen the economy in Europe moving forward beyond Brexit.

CP
CaptainProp is offline  
Old 31st Aug 2019, 19:33
  #90 (permalink)  
 
Join Date: Jan 2006
Location: France
Posts: 410
Hey CaptainProp,

https://www.spiegel.de/wirtschaft/so...a-1283303.html

Die Wirtschaftsexperten von Bundeskanzlerin Merkel gehen nach SPIEGEL-Informationen von einem Minuswachstum im dritten Quartal aus. Damit wäre Deutschland offiziell in der Rezession.
This is from the German news magazine "Spiegel Online" and it basically says that the government expects Q3 2019 to be negative, which officially makes Germany go into a recession. Hopefully just a small one.
EatMyShorts! is online now  
Old 1st Sep 2019, 12:18
  #91 (permalink)  
 
Join Date: May 2018
Location: South of the North pole
Posts: 220
Originally Posted by EatMyShorts! View Post
Correct. It will be even worse than 2009. As 733driver mentioned, the interest rate is already at 0% - there's no more way to help out this time. I hope it will be not that bad.
No it wont be anything like 2009. A lot of safety procedures have been put in place, your dreaming if you think otherwise!!
Daddy Fantastic is offline  
Old 1st Sep 2019, 22:27
  #92 (permalink)  
 
Join Date: Jan 2006
Location: France
Posts: 410
LOL I like your sarcasm!
EatMyShorts! is online now  
Old 2nd Sep 2019, 07:29
  #93 (permalink)  
 
Join Date: May 2018
Location: South of the North pole
Posts: 220
Downturn

Originally Posted by EatMyShorts! View Post
LOL I like your sarcasm!
Well let’s agree to disagree shall we?
Daddy Fantastic is offline  
Old 3rd Sep 2019, 08:18
  #94 (permalink)  
 
Join Date: Nov 2006
Location: Europe mainly
Posts: 68
Originally Posted by EatMyShorts! View Post
Hey CaptainProp,

https://www.spiegel.de/wirtschaft/so...a-1283303.html


This is from the German news magazine "Spiegel Online" and it basically says that the government expects Q3 2019 to be negative, which officially makes Germany go into a recession. Hopefully just a small one.

The ‚lefty‘ Magazine
Delta12 is offline  
Old 3rd Sep 2019, 08:59
  #95 (permalink)  
 
Join Date: Dec 2001
Location: Europe
Posts: 298
Originally Posted by Delta12 View Post



The ‚lefty‘ Magazine
Facts are facts regardless of who reports them.

The Telegraph, the FT and the Economist all reported along the same lines amongst many other outlets



733driver is offline  
Old 3rd Sep 2019, 13:45
  #96 (permalink)  
 
Join Date: Mar 2009
Location: UK
Posts: 31
No it wont be anything like 2009. A lot of safety procedures have been put in place,
You do of course realise that it was very much the fault of the original safety measures in place at the time that we had the crash in 08/09?
Boabity is offline  
Old 6th Sep 2019, 17:10
  #97 (permalink)  
 
Join Date: Jan 2011
Location: In an ever changing place
Posts: 1,038
Originally Posted by Daddy Fantastic View Post
I interviewed there recently. I did the sim first on a Citation XLS I think, cant remember but it was one of those smaller corporate jets. They do not give you a profile before you arrive but give a fairly thorough briefing before you go to the sim. A bit of a funky aircraft but was fun to fly. My sim and my partners went well, we were both pretty accurate on what we did.

The day started off with us showing up at 8.15am, meeting the HR lady Sarah and another line captain who talked to us about the company, day to day issues and answered any questions we had. The final salary for both CA and FO is still in negotiation but was told it will be finalised this coming week and would be told how much.

After the sim we had about a 30 min break to have a drink of water and some lunch which they paid for, rather nice of them and made us feel welcome and relaxed all day.

Then we had the face to face interview, took us one at a time for about an hour each. All in all the day was about 6 hours long for 2 candidates to be interviewed and completed. We were bone by 2.30pm

Face to face was about getting to know you and how you think, what are your priorities in aviation, putting the customer first, safety and some tech questions like approach ban, fuel requirements, gen failures and how you have dealt with bad situations in the past and your understanding of corporate aviation.

The sim consists of a climb out, clean up at acceleration altitude, get to 4000, steep turns, climb and descend at 1000fpm and 200 knots, an ILS and a V1 Cut. Really not as bad as it sounds and they are very understanding, know you have not flown that plane and make it clear they are not looking for IFR TEST STANDARD but they do expect you to identify mistakes and correct them.

Like any other sim assessment, can this guy be trained and does he learn from mistakes, is there progress etc? The rotation is 7 on and 5 off with travel on day 1 and 7, never on your off days, so basically 6 nights away and 6 nights at home if you include day 7 which is your go home day.

Overall I think it is a very fair interview and they are straight forward and honest with you.
Some good feedback given here; has anyone found out an accurate salary for CPT and FO yet and what types they are recruiting for in Europe. I have heard Legacy 600 and Learjet 75 in the near future, what about types of contract in Europe for taxation purposes ?
Above The Clouds is offline  
Old 6th Sep 2019, 22:18
  #98 (permalink)  
 
Join Date: Apr 2013
Location: Europe
Posts: 70
Heard that some of the first bunch of Legacy Pilots for the Legacy are Italian ex Military pilots... I understand that Sirio based in Italy is the AOC holder for the Legacy Ops
Proline21 is offline  
Old 10th Sep 2019, 04:02
  #99 (permalink)  
 
Join Date: Feb 2019
Location: Planet Earth
Posts: 11
Salary

Any news on the upcoming revised salary package?
Vikingfly is offline  
Old 10th Sep 2019, 11:58
  #100 (permalink)  
 
Join Date: Dec 2018
Location: Earth
Posts: 0
Anyone got called for the assessment in Paris?
IFLYyouBREATH is offline  

Thread Tools
Search this Thread

Contact Us Archive Advertising Cookie Policy Privacy Statement Terms of Service

Copyright © 2018 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.