Job Security Thoughts?
Thread Starter
Joined: Mar 2018
Posts: 71
Likes: 4
From: The North
Job Security Thoughts?
With Thomas Cook up for sale and the holiday side not doing so well, are TC pilots at all worried or trying to leave? I’m not asking to scaremonger - I recently seen a job advert for pilots via their own Facebook page and wondering if it’s worth looking at.
A friend of mine had a start date to work in one of their retail shops but he got told it wasn’t going to happen anymore as there’s now a ban on recruiting new staff for all retail shops!
A friend of mine had a start date to work in one of their retail shops but he got told it wasn’t going to happen anymore as there’s now a ban on recruiting new staff for all retail shops!
Joined: Nov 2004
Posts: 79
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From: everywhere
If you're rated in the 737, there really is only one place to go, 400+ aircraft, launch customer for the Max 200.
If I was looking I would be off like a shot,.
I don't think the Silver/Red will do a purple bricks though, but they seem to be poking the wasps nest by moving into STN
If I was looking I would be off like a shot,.
I don't think the Silver/Red will do a purple bricks though, but they seem to be poking the wasps nest by moving into STN
Joined: Oct 2017
Posts: 298
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From: London
Having been made redundant in October '17, and then again October '18, I don't plan to hit a home run and have it in October '19 too.
Joined: Oct 2018
Posts: 326
Likes: 7
From: World
It pains me to say but I agree. If you can get a base at home it might be one of the best options to ride out the next big down turn...
I've got offers from both except the harp brigade are putting me in base straight away vs 'hopefully soon' in the silver lot. I'd really rather have avoided it but my own carrier (rudolph lot) aren't exactly on calm seas and my gut is telling me we aren't that far from a big shake up in Euro Aviation.. 18 months max I think!
I've got offers from both except the harp brigade are putting me in base straight away vs 'hopefully soon' in the silver lot. I'd really rather have avoided it but my own carrier (rudolph lot) aren't exactly on calm seas and my gut is telling me we aren't that far from a big shake up in Euro Aviation.. 18 months max I think!
Joined: Aug 2008
Posts: 468
Likes: 3
From: London
J2 heavily leveraged against low interest rates.
They've potentially got a classic perfect storm brewing : rapid expansion, debt laden and a limited customer base. The debt is managable so far,
but if those blue collar worker's stag parties, that they so heavily dependent on, start saving their pennies, it's anyones guess.
The big LoCo's will survive any impending downturn. The rest, only the leanist will survive.
They've potentially got a classic perfect storm brewing : rapid expansion, debt laden and a limited customer base. The debt is managable so far,
but if those blue collar worker's stag parties, that they so heavily dependent on, start saving their pennies, it's anyones guess.
The big LoCo's will survive any impending downturn. The rest, only the leanist will survive.
Joined: Oct 2016
Posts: 136
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From: UK
TCG without TCX becomes just another holiday package jockey in a very highly competitive bucket shop market. By selling TCX to generate funding to reduce their huge debt pile they're as good as "wallpapering the living room while the kitchen's burning down"
Joined: Dec 2008
Posts: 919
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From: uk
Fly4more is spot on. If you are not near the top of a seniority list, the safest place has got to be Orange,Harp or Big. Personally, I'd go for Big to weather the storm. Sound financials and well diversified.
Joined: Oct 2018
Posts: 326
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From: World
Joined: Jul 2007
Posts: 2,731
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From: World
On the other end TCX without TCG becomes an airline like many, now without their main source of passengers, with an old and aging fleet, and far stronger and more aggressive competitors to fight with.
Joined: Dec 1999
Posts: 1,174
Likes: 123
From: uk
Freight is a secure place - profitable and growing. DHK has been a haven for many years. A bunch of us joined in 2000-2002 from charters under threat of redundancy - i’m Ex TC in the guise of JMC. Since then we’ve picked up from all sorts of European airlines that have gone under, most recently a small crop from Monarch. Ironically, a number of pilots who left us in the past have suffered multiple redundancies some having had the horrible chain of silver jet, excel, Globespan.
Hope this helps
Hope this helps
Joined: Dec 2008
Posts: 919
Likes: 6
From: uk
The deal TCG are aiming to do would include an agreement for supplying seats to the tour operator. Would give a potential owner around 40%-60% filled capacity guaranteed. Likewise TCG can't sell the airline without securing a seat supply, would be suicidal.
Joined: Jul 2001
Posts: 1,643
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From: UK
Joined: Feb 2015
Posts: 27
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From: UK
Is it safe to say then if TCG do sale their airline section it would be with an some sort of agreement with the airline (buyer) to fill up the seats with their customers meaning the TCX crews will still be flying TCG customers just under different banner on the tail.