PPRuNe Forums - Silverjet Pay And T&c's

PPRuNe Forums (https://www.pprune.org/)

- Terms and Endearment (https://www.pprune.org/terms-endearment-38/)

- - Silverjet Pay And T&c's (https://www.pprune.org/terms-endearment/290890-silverjet-pay-t-cs.html)

Silverjet Pay And T&c's

This may have been answered already but I am interested (have an interview) with S/Jet this month. Does anyone have any info on the following:

1/ Roster pattern/ time off down route.
2/ Pay - F/O
3/ Pension, LOL insurance, PHI and leave details

I have already asked the lady in HR but she will not disclose any info for some reason:ugh:. Apparently pay scales have just been increased?

Cheers, CSDU

Also very interested.Have heard of new aircraft orders and bases.
Any info please

Hi guys and gals,

Anyone with some info regarding the Terms & Conditions at Silverjet for Captains?

How many trips per month and how many days off between trips?

Is it possible to comute?

Thanks in advance for any reply.

Best regards

silverjet interview

Here is the interview: what makes a great captain? what would you do if two pax kicking off? what would you do if ccm reports drunk. what would you do if copilot wants to descend below msa in imc to make -"visual app" ? have you had a problem with sccm and how was it resolved? is there anything in your past that if came to light would embarass you or s/jet? what weeknesses do you have? what can you offer s/jet? What will the altimeter read at isa-34? what provides the most efficient decel at high speed -spoilers, brakes or thrust reversers?What cabin alt does outflow valve close?
what alt do you get cabin alt horn ? what is the holding speed at >14000?When does the net take off flight path end? T&C,s 4 to 5 trips per month,
3rd a/c march 08,capt /77k. flt pay £2.70 -ish p/hr, LOL, private health/ Twice salary death in service. medical / licence etc. poss cash flow problems, finance director resigned yesterday allegedly. make your own mind up. not my cup of tea though.

IMHO I fear for their future.

I just get a feeling they do not have enough cash to survive any more mishaps.

Quote:

What will the altimeter read at isa-34?

Without turning this into a tech forum topic, there is no definite figurative answer to the question above right? All you can say is that the altimeter will overread by 14%.

What is it about these companies and these isa temp questions. Guess work and rules of thumb will get you in the dock faster than you can say " fair cop officer".

Above tl thats why we are all on std setting 1013.2 etc. Below transition , and not under radar there are specific tables or similar in your part a or similar. Thats what the questions should focus on.

There is no room for rules of thumb in this litiguous society. What next personalised qrhs based on titbits from your atpl books....I despair

T & C's for First Officers

Just to bring this one back to the top - has anyone got any info regarding the payscales for FO's? Things seem to be picking up, might be worth a punt if the money's right.
Cheers.

Any FOs out there wish to shed some light on basic pay/flight pay/ typical rosters?......Noticed that they added DXB to their destinations, any more to come in 2008? Current 763ER FO, >2000 hrs on type, worth giving it a go some time next year, assuming they will still be expanding?

Cheers,

OW

Flying OW
Heard a lot sitting around doing nothing so not sure why no-ones replied .
Had a recuitment programme recently for March starters, quiet a few from XL applied. Friend of mine XL TRE applied for line position, had recommnedation of Chief Trainer but not offered a job. Going to UKIA instead

Surely there must be someone from Silverjet who can shed some light on the package for FO's?? Also thinking of giving it a punt next year (not of FlyingOW's experience but would be ATPL with 1500+ on jets) if it suits. I'm searching around for info and keep drawing blanks.
Constant Speed DU did they not tell you anything at your interview?
Cheers for any info guys, much appreciated.

Banzai Eagle,

Thanks for the info, I find it kind of strange for them to be advertising for positions if they have people sitting around, not a good sign? Was your TRE friend the wrong end of 50?...

Can someone share some more info regarding pay etc for FOs? Command prospects etc? Expansion plans?

Cheers,

OW

Flying OW - more like crews being trained up for expansion so as many sectors
as possible are training sectors, once checked out good chance of sitting around on sby etc. Maybe SJET crews are above and beyond PPrune as happy there?
TRE no - 40 something

friend is going for interview there in a couple of weeks as they are looking for experienced F/Os good pay as they hiked it up late last year. Good T&Cs and looking to impove on them again shortly. Only got in contact with him on here should have a post a bout it. Alot of ppl are applying i have heard theres a lot of talk on here about them failing but is all a bit sceptical like we are in in this industry! Have spoken to pilots from XL, DHL and tfly who have joined and enjoying it esp since DBX launch and this year looks good with San Fran and LA on the horizon.

Do they take non type rated captains?

Cheers

Type Rating required, according to the website.

http://www.flysilverjet.com/Flight-c...ne-pilots.aspx

As much as I think it would be a nice outfit, with quick upgrade potential, there is NO WAY that I would ever go there.

IMHO Silverjet will not exist by the end of the year.

All the signs are there already. They have no positive cashflow and in order to expand will have to go begging for more money from investors.

Oil prices will remain stubbornly high for good and the business model has not catered for $100 barrels of oil. It is predicated on $60 a barrel more likely.

The leisure market will take a downturn this year. USA is in/near to being in recession. Luxury leisure travellers are being squeezed by inflation back here and relatively high interest rates. The feel good factor of house price rises (hence wealth) is dwindling fast over here as well. All these things add up to more doubt over the business only model.

True, some businesses may make their employees travel on Silverjet or Eos, but see my next point...

Add to that cut throat competition from established flag carriers and you have a recipe for disaster.

Rising prices and lower profits are a toxic mix for any business, but for one as new, exposed and isolated as Silverjet it spells an early end I fear.

Goodbye to Silverjet in 2008.

broker thinks it will go under

this out this morning from Daniel Stewart

Quote:

Likely to fail
· We are initiating coverage of Silverjet this morning with a share price target of zero on a 12 month view so the recommendation is a SELL. Our reason is that the business model doesn’t work, we can’t see that it ever will, and we expect the company will eventually run out of cash. Our forecast is for a pre-tax loss of £31m in the year to March 08, and about £27m the following year.

· The business case at the IPO was very simple - that you could operate a B767 on a London New York route for a round trip cost of about £67,000 so with a fare of about £999 return you only need to sell 65 of your 102 seats (a load factor of 63.7%) to break-even – anything beyond this level is profit. They were still using these figures when we met management in December and they repeated the claim to the Daily Telegraph last week.

· We reckon the claim just doesn’t stack up. For a start, it excludes advertising, marketing, depreciation, and all admin costs. These can add up to quite sizeable figures. Also, since the IPO the sterling price of jet fuel, their biggest cost, has gone up by about 16% - you need to sell 4 extra seats for every flight just to cover that cost. If you add it all up, you can easily arrive at a theoretical break-even point for the company of as much as 85%.

· In practise, things have been a lot worse. In the half year to September 2007, the scheduled airline lost £11.7m on turnover of £12.2m– despite achieving a load factor in the period of nearly 70%. So load factor was 6pc above their claimed break-even yet they still made a big loss. The problem was its operating costs – at £135,755 for each return flight – more than double the claim of £67,000 in the IPO document. When you ask the company about this, they say that they are now re-working the model.

· Current traffic levels are dire; load factor for Q3 was just 55.2% and now that we are in the real low point for UK airlines (Jan-Feb) Silverjet, like all the other airlines, has launched a sale with price cuts of 20%. Although the company raised £21m last month we reckon its H2 loss will consume about 84% of these proceeds.

What a load of crap!

Its crap like what Mr Stewart has published that makes me mad! It is not only scarmongering, but the facts he has quoted are so inaccurate it is laughable. No wonder the share price has fallen... people not in the know are probably very very nervous about there investiment now. Thanks Mr Stewart!!!

If you actually worked for the company... and spoke to our very open Management who keep us very well informed as to how the business is running both fanancially and operationally you would know that Silverjet is looking very rosey at the mo with strong ticket sales and great future plans etc.

Working for the company is very pleasant and is great fun. I chose to take a risk with this company leaving probably the most secure flying job in the UK to join them. I have never regretted my decission.

People, please remember its our jobs your slagging off when you post this kind of garbage on here. Even if you do believe it to be true... have a thought to those who care deeply about there great little British Airline! :ouch:

If you think its bad now just wait until Open Skies in March. Delta, US Air, Continental and Northwest all arriving at LHR, offering cut price tickets to build market share. Silverjet, I fear the worst....