Flexjet Europe starts up
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.
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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!
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!
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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.
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.
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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.
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.
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
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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
CP
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.
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.
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No it wont be anything like 2009. A lot of safety procedures have been put in place, your dreaming if you think otherwise!!
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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.
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
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No it wont be anything like 2009. A lot of safety procedures have been put in place,
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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.
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.
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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
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