Gojet is surviving due to 3 things, covid money, smoke, and mirrors. They can't pay for their planes so they are trying to work a deal to sell their 550 contract with United to another carrier. The contract has some value and United is willing to let Hulas walk away with some money if he works out a deal with Skywest, Air Wisconsin, or Republic. Don't be mislead just because anyone says they are hiring, Eastern had people in class when they shutdown, as did Aloha and a bunch more. It helps to keep the current pilots if they see guys in training.

Next week is not going to be a good week for Gojet.

Next week as in literally next week?

That’s a tough call since neither company provides long term stability, if there is such a thing in the regional world. The 550 will probably be around for a while, but GoJet isn’t the best run company and the odds of having to find a job again are definitely there. Air Wisconsin is a much better managed company, but they only fly the 200. That plane is old, inefficient, and the customers don’t like it. It will most likely be the first regional fleet to be retired and there is no guarantee that Air Wisconsin will get the 550 if GoJet tanks, or any other flying when the 200’s are gone. The 70/76 seaters are maxed out and most likely to stay with the companies flying them. Can’t believe I’m saying this, but I’d pick Mesa over either company if I had the choice. They will at least be around long enough to build a resume and hopefully find greener pastures.

EWR base will be better QOL since you live in NJ. But as far as commuting, at least you've got options if you go the AW route. IAD, ORD

Go to GoJet. No
Commute!! They just had SkyWest purchase all there aircraft and lease them back to them (the previously GoJet owned ones)plus the new ones OO is leasing them. SkyWest is wanting to grow there leasing business. not fly the 550’s..

Air Wisconsin vs GoJet 2021
 

I appreciate the responses guys. It's nice to get some input from others who've been around longer and know more. Fwiw, I am looking at a possible phone call from C5 as I have an internal rec from an instructor there, but there's no decision to be made unless they call and offer me the job. So, if by some miracle (given my low time), I get the call from C5, I'd go there even though I'd likely be commuting since EWR and IAD are senior. I'm already typed on the 145 so the training would also be easier. Historically, the name of the game was to take the first class date, and so far, I'm potentially looking at April/early May classes with AWAC/G7. Would you take the latest class date available in hopes that C5 (or even PSA/EDV) call or would you take the first class and finish training right as the summer flying starts to blow up?

First class

A lot of people, including myself and OP, have been burned by this conventional wisdom.

FWIW, I'm in a similar boat. I'm an ExpressJet guy also furloughed out of training last April shortly after beginning IOE. I chose XJT because it was the earliest class date I could get. I've got an interview scheduled with AWAC, but I'm not entirely sure I'd accept the job if it's offered. Right now I have a cushy CFI job that would require a substantial pay cut if I were to go AWAC, and personally, with what Kirby has said about 50 seaters, I'm hesitant to go to a United only operator of 50 seaters. I am truly sick of flight instruction though, so it's a tough call to make. I may need to consult a magic 8 ball though because the future is anyone's guess.

Unless Awac comes out with a new contract for newer / bigger aircraft , I would lean towards G7
You shouldn’t have any issues in training and the EWR base gets you close to home .
I seriously doubt Awac survives this without any new ac on property.
It’s definitely a better company but they don’t seem to have the planning and foresight to plan for the future accordingly. Reactive vs proactive.

You say this as they are adding 700/900 types to their operating certificate and negotiated/bought pay rates for those airframes.