Retired 121 to fractional
11-15-2019, 04:10 AM
#101
Gets Weekend Reserve
Joined APC: Jul 2007
Posts: 3,617
A retired 121 captain goes to a fractional, it also means he likely doesn't touch his 401k for however long he's employed at the said fractional. Not only that, but he keeps contributing to it. Suppose he puts in 5 more years...
How much is that in compound interest alone?
For those who got their a$$ handed to them during their airline career in the form of bankruptcies, shutdowns, furloughs, loss of pensions, this is a good lifeline. If they can pass their medical and sim checks, more power to them.
How much is that in compound interest alone?
For those who got their a$$ handed to them during their airline career in the form of bankruptcies, shutdowns, furloughs, loss of pensions, this is a good lifeline. If they can pass their medical and sim checks, more power to them.
11-15-2019, 04:34 AM
#102
Gets Weekends Off
Joined APC: Dec 2005
Position: FE, FO, CAPT.
Posts: 200
Originally Posted by RJSAviator76
A retired 121 captain goes to a fractional, it also means he likely doesn't touch his 401k for however long he's employed at the said fractional. Not only that, but he keeps contributing to it. Suppose he puts in 5 more years...
How much is that in compound interest alone?
For those who got their a$$ handed to them during their airline career in the form of bankruptcies, shutdowns, furloughs, loss of pensions, this is a good lifeline. If they can pass their medical and sim checks, more power to them.
How much is that in compound interest alone?
For those who got their a$$ handed to them during their airline career in the form of bankruptcies, shutdowns, furloughs, loss of pensions, this is a good lifeline. If they can pass their medical and sim checks, more power to them.
But, again, for me the big benefit is the flying. At the airline, my last 2 years I did turn-arounds on a 2-on, 5-off schedule making more money than God, but the flying was boring. A 121 guy may fly into 100 different airports in his entire career. I've flown into over 650 different airports with NetJets in the time I've been here!
In my opinion, if the lower pay and harder work don't bother you, this company takes pretty good care of it's people as compared to what else is out there for retired 121 pilots.
Again! This job is NOT for everyone, but I really like it.
11-15-2019, 05:10 AM
#103
Banned
Joined APC: Sep 2018
Posts: 378
Originally Posted by wankel7
The real fun comes at the end of the tour when you need to account for every tip, hotel, taxi, car rental, etc via Concur....the process is so smooth it's like a fantasy....
One report with cash tips... finished by the time I get on the airline home while I listen to music in the terminal on headsets.
One report for CC transactions, which usually posts all entries by 2 days after the tour ends. I submit that upon starting the next following tour.
It’s a process of discipline.
I fail to see the drama.
11-15-2019, 05:11 AM
#104
Banned
Joined APC: Sep 2018
Posts: 378
Originally Posted by jtf560
He would have had to have flown over 37 hours with another day of flying left in a Phenom to make his 3K in FDP unless he was including extended days. He said the tour was easy and he had long overnights so there was little to no OT involved. I believe the latest union report card on average hours flown per tour per fleet shows the Phenom at just over 17 hours per tour. While there are definitely some outliers and I have actually broken 30 hours in a week once, but it was much harder than he is describing and I was doing it in a Global with mostly transcons. It could be real in theory, but it does sound a bit like the typical exaggerations we all know and don't love.
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Sent from my LG-H872 using Tapatalk
The AVERAGE in the Phenom is 17 hours, including 8 day tours... and 3 day tours. 17 is a red herring number.
Also, day 1 usually proves to provide some OT. At least one other day showed over 12 hours and paid accordingly.
Only 2 days were over 12. That’s not too bad.
11-15-2019, 06:11 AM
#105
Gets Weekends Off
Joined APC: Jan 2015
Posts: 1,063
Originally Posted by mooneymite
Absolutely true. I also delayed taking SS, so it increases 8% for every year past normal full retirement age (66, for me) until 70. If you have longevity in your family history, this might be a good strategy for you.
But, again, for me the big benefit is the flying. At the airline, my last 2 years I did turn-arounds on a 2-on, 5-off schedule making more money than God, but the flying was boring. A 121 guy may fly into 100 different airports in his entire career. I've flown into over 650 different airports with NetJets in the time I've been here!
In my opinion, if the lower pay and harder work don't bother you, this company takes pretty good care of it's people as compared to what else is out there for retired 121 pilots.
Again! This job is NOT for everyone, but I really like it.
But, again, for me the big benefit is the flying. At the airline, my last 2 years I did turn-arounds on a 2-on, 5-off schedule making more money than God, but the flying was boring. A 121 guy may fly into 100 different airports in his entire career. I've flown into over 650 different airports with NetJets in the time I've been here!
In my opinion, if the lower pay and harder work don't bother you, this company takes pretty good care of it's people as compared to what else is out there for retired 121 pilots.
Again! This job is NOT for everyone, but I really like it.
11-15-2019, 06:16 AM
#106
Banned
Joined APC: Nov 2013
Position: 7th green
Posts: 4,378
Originally Posted by Flyfalcons
How some of our hobbyist pilots can look themselves in the mirror after choosing to stay on the seniority list while the company was furloughing pilots who are on their first career and trying to provide for their families is beyond me.
Everyone spins the wheel when they accept a job offer. Will the airline survive? Will there be a merger?
Some people guess wrong. Does that mean someone at the top of the list has to give up their job? Seriously?
I'll grant you the point that NO ONE should pick up additional flying/green slips while there are pilots on furlough. But quit in favor of a newbie? Come on, man.
11-15-2019, 06:22 AM
#107
Gets Weekends Off
Joined APC: Feb 2006
Position: C47 PIC/747-400 SIC
Posts: 2,100
Originally Posted by Flyfalcons
How some of our hobbyist pilots can look themselves in the mirror after choosing to stay on the seniority list while the company was furloughing pilots who are on their first career and trying to provide for their families is beyond me.
11-15-2019, 06:33 AM
#108
Gets Weekends Off
Joined APC: Jan 2015
Posts: 1,063
Originally Posted by Packrat
Probably because they were at the same point in their career...worried about being the next guy to be furloughed. How long were YOU in the bottom 10% of the seniority list?
Everyone spins the wheel when they accept a job offer. Will the airline survive? Will there be a merger?
Some people guess wrong. Does that mean someone at the top of the list has to give up their job? Seriously?
I'll grant you the point that NO ONE should pick up additional flying/green slips while there are pilots on furlough. But quit in favor of a newbie? Come on, man.
Everyone spins the wheel when they accept a job offer. Will the airline survive? Will there be a merger?
Some people guess wrong. Does that mean someone at the top of the list has to give up their job? Seriously?
I'll grant you the point that NO ONE should pick up additional flying/green slips while there are pilots on furlough. But quit in favor of a newbie? Come on, man.
If I were in their shoes and just going to work for fun, I would have decided what the honorable course of action was, and retired with some dignity.
11-15-2019, 08:50 AM
#110
Gets Weekends Off
Joined APC: Dec 2007
Position: Chrysler Pacifica
Posts: 203
Originally Posted by Flyfalcons
Apparently their situations include going from making more money than God to just wanting to fly to some new destinations with no need for money, no?
If I were in their shoes and just going to work for fun, I would have decided what the honorable course of action was, and retired with some dignity.
If I were in their shoes and just going to work for fun, I would have decided what the honorable course of action was, and retired with some dignity.
That said, I have nothing against retired 121 pilots as long as they check the same boxes as the rest of us. This is a job first and foremost. To consider it a hobby does no favors to those who need it as a career!
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