Originally Posted by CaFarful

NetJets is backed by Warren Buffett. Think... deep pockets if the fit hits the shan economically. A great peace of mind.

Originally Posted by CaFarful

If you want airline, go regional. Dot go fractional. We want you if you want business avaition.



XO Jet just filed FRP... they are running out of options. https://en.m.wikipedia.org/wiki/Request_for_proposal



In fact, if I were current XO, I’d be looking at NetJets unless my plan was to go airline.



Flex is not on par with NJA and with no Union, never will be. Zero protections for pilots, pay, working conditions, etc. pay is better at NetJets hands down, you fly a wealthier portfolio which means more stability for the next downturn in the economy.



NetJets is backed by Warren Buffett. Think... deep pockets if the fit hits the shan economically. A great peace of mind. The folks you fill fly are generally leaders of industry and that’s why they fly the leader to enjoyvall of the benefotsbthatvcome with it... safety, service, schedule and recovery ability when something breaks. The educated Owner knows this... most can afford it.



Additionally, upgrade at NetJets is 4.5 years at the current rate of upgrades. That’s a long wait for those already in the que for 10+ years. It’s not for a new hire.

Originally Posted by CA1900

Eh, not really. The company may remain profitable in a downturn, but it'll happen at the expense of the employees who get laid off. That's why Richard Santulli, the founder of Netjets, is no longer working there. He wouldn't lay anyone off in the last downturn, so Buffett fired him, replacing him with David Sokol, who ran one of Buffett's other companies. After he was brought in, Sokol immediately laid off a large portion of the support staff and furloughed 20% of the pilots.

I still think Netjets is the best of the fractional jobs, but that's because of the union contract, not because of Buffett.

Originally Posted by Learflyer

Ha. Xojet is doing just fine, thank you. Our CEO has a conservative approach. You won’t find many (ok ANY) pilots leaving xo for NJA. There were a couple, but they had recall rights. Lots of people live it at Xojet. Me included.

Originally Posted by Fly Dog

If this is true, they are very junior. Otherwise, making a lateral move hoping for greener pastures isn’t smart. You still have to wait in line to upgrade no matter where you are.

Originally Posted by RiverRnr5

Is the typical upgrade at NetJets around 4-5 years right now? All i kept hearing for a long time was how it was still out past 10 years....
Thanks!

Originally Posted by btodd77

Upgrade is still north of 10 years (closer to 12). It is coming down a touch, but there are still a ton of 10-12 year guys to get through to get back to single digits.

BT