Affect of hiring new pilots on FDP
 

Do I understand this correctly?

With the existing pilot group (2300 pilots), Netjets increased their flying by 30%, and provided incentive pay to encourage pilots to fly more and it worked. Pilots have benefitted greatly, under current manning, often $30k or more per year.

Netjets will hire, train, and field an additional 450 pilots by the end of 2022. This will increase the pilot group by 20%. Is it likely the new hires will absorb all the current "extra" flight time?

And the amount of FDP pay will be greatly reduced?

I believe we are closer to 2600 pilots on property now. Last I had heard we had a waitlist of over 2000 for owners. I believe we will start selling cards and fractions again soon. I personally don’t think we will see the same fdp numbers we saw in 2021 but it will still be higher than 2019-2020. $30k may be a low number for 2021. Mine was $47k and I didn’t work any extra days on the 7/7.

We are expanding the number of planes we operate and number of new Owners entering the program. Plenty of flight time to go around for everyone.

Additionally the new airframes and pilots hired will fill the flights that are being done by approved third party contractors to handle our overflow of flights. I’m new at NJ, but if done right which AJ said they absolutely want to do it right, we will always be busy and be the leader in pilot pay and benefits.

They want to hire 450 this year, but there is no way they will have them all through training this year. Also the company plans on bringing in 60 new airplanes this year while only getting rid if the Gulfstreams (I believe 14 airplanes). As others said, they will start selling cards and shares again and keep the high pace of flying, though hopefully a bit less than last year.

NJ financial strength and stability
 

It's just amazing what NetJets has accomplished. Whenever you meet an NJ pilot on the ramp they can't say enough good things about working there.

You need to get out more....

:)

welp, submitted my app. got the email back. phone call booked for next week. we'll see what happens!!

Sounds like 75+ from updated announcements… which would be 61 net… jets at NetJets.

See what I did there?

If we get them all, we will stay crazy busy and FDP will stay on the very high side. If we only get half, we will still probably stay exceedingly busy.