Originally Posted by
BStill
For those of us considering the pros and cons of joining a fractional vs. 121, and comparing amongst the fractionals, what does this mean for the health of the Flexjet business future? Is this a good sign? or cold feet?
I think its better for the employees. Once you become public, you are beholden to Wall Street. I could EASILY see Wall Street saying "ummm having them charge their dinners to a company card is expensive, why not just pay them a $65/day perdiem and be done with" CLEARLY management sees the QOL (which, QOL should not include income) advantage of telling crews "Enjoy dinner" I will also say, cost wise, they may be breaking even but the fact I can go out 1 night and put a really nice steak in the compnay, even thought e other few nights of my rotation, I just want something quick and it probably is a break even in the long run, Wall Street does not look at it that way. Just like I dont support a Union (because I feel FJ has treated us well), I dont want Wall Street saying what should/should not be done.