Flexjet is going public….
 

https://www.linkedin.com/posts/flexj...member_desktop

https://www.forbes.com/sites/douggol...h=3405326b3b5a

Hope this is a positive move. Will be interesting to see it play out.

It’s going to be great for Ricci.

yes it will be.

Especially, without a union.

Maybe KR will reconsider his “deferred” 401K plan for his pilot group! The one where, ya know, you get paid 3 years in arrears for your 401K bonuses 🤣

https://finance.yahoo.com/news/flexj...210000376.html

Looks like the IPO is off the table now.

You are right AND wrong.....First, you are wrong, its a retention bonus that the employee has the CHOICE of adding to the 401k or take as cash payment. You are right though, he reconsidered it and instead of being 6% of your base salary, it is now a FIXED $18k....Way better....

Fixed $18k unless 6% of your salary would eclipse that mark, then it still accrues at a higher rate. Still not a great retention tool, but I’ll take the extra cash.

Another article on this:

https://www.ainonline.com/aviation-n...ource=hs_email