Compensation
09-24-2008, 12:02 PM
#1
Gets Weekends Off
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Joined APC: Mar 2008
Position: FAA 'Flight Check'
Posts: 13,837
Compensation
This is a quote from another thread:
I've always wanted to fly in the corporate/fractional world - even before I knew what a fractional was! Through the years I knew that the corporate pilots of the world made less than the airline pilots (let's think back to the mid 90's for example) and we all know what has happened to the compensation for the airline pilots and how far their pay has dropped or that it will be a long time before they recover; if ever (here's to fingers crossed).
My question is this. How has the pay and benefits in the corporate/fractional world faired over the last 10 years? Have they substanially increased, remained about the same, or declined along with other segments of the aviation industry. It is my opinion that they seem to have increased over the past 10. There seems to be mention of the better contracts and the unionizing of certain fractionals that have brought pay and benefits up across the board to keep pace.
There certainly seems to be a lot more interest in this segment of the industry than ever before. I know for many years my peers would have laughed me out of the ready room if I mentioned that I wanted to fly bizjets instead of going with the legacies of the time (e.g. American and United), now instead they want to know the website so they can apply!
USMCFLYR
Then 9/11 and general airline mismanagement have left me wanting nothing to do with any of them. We have a great contract now, but it looks great mostly because the airlines have been so beaten down that we now have similar pay. We have a contract now that will probably be in force for at least another 7 or 8 years and nobody knows how much shine it will have then.
My question is this. How has the pay and benefits in the corporate/fractional world faired over the last 10 years? Have they substanially increased, remained about the same, or declined along with other segments of the aviation industry. It is my opinion that they seem to have increased over the past 10. There seems to be mention of the better contracts and the unionizing of certain fractionals that have brought pay and benefits up across the board to keep pace.
There certainly seems to be a lot more interest in this segment of the industry than ever before. I know for many years my peers would have laughed me out of the ready room if I mentioned that I wanted to fly bizjets instead of going with the legacies of the time (e.g. American and United), now instead they want to know the website so they can apply!
USMCFLYR
09-26-2008, 09:35 AM
#2
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Joined APC: Mar 2005
Posts: 47
No doubt that it has substantially increased. I think most corporate flight departments often had good pay and bennies, particularly the Fortune 500 ones. The fracs have really improved, at least Netjets, CS and Flexjet. Only a few years ago however things weren't that hot at those places. Quality of life seems even better to those pilots as well.
Mr. I.
Mr. I.
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