Flexjet going public….

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10-11-2022, 03:47 PM

Fly Dog

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Flexjet is going public….

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

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

Last edited by Fly Dog; 10-11-2022 at 04:03 PM. Reason: Added link

10-12-2022, 08:32 AM

Junglejuice

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

10-13-2022, 06:12 AM

FracCracka

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It’s going to be great for Ricci.

10-13-2022, 06:16 AM

flyitfast

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Quote:

Originally Posted by FracCracka

It’s going to be great for Ricci.

yes it will be.

10-16-2022, 04:54 PM

wankel7

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Quote:

Originally Posted by Junglejuice

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

Especially, without a union.

10-17-2022, 03:10 AM

Flyslow13

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Position: EMB175 FO

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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 🤣

04-12-2023, 04:18 AM

droptrack97

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

Looks like the IPO is off the table now.

04-12-2023, 07:36 AM

followingdreams

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Quote:

Originally Posted by Flyslow13

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 🤣

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....

04-12-2023, 10:49 AM

TexasLonghorn

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Quote:

Originally Posted by followingdreams

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.