Netjets pay question
 

I ran into a Netjets first year fo in AUS. He is a former Flexjet pilot, 2001 or 2002 hire date. He was a Challenger fo here. He is on the Latitude at Netjets. I don’t know him personally, but the pilot I was flying with knew him. He flys the 72 schedule, so 18 days per month. He volunteers for 8 day rotations. He showed us his year to date earnings summary. He has earned just over $70,000 through the month of May. That puts him on track to gross just under $170,000 in his first year. I’m in my thirteenth year at Flexjet. I’m a Phenom captain. I’m on track to gross $145,000. My questions are:
1) What is the override for 8 day rotations?
2) If you are on the 72 schedule, how long is each vacation, including days off on either side?
3) How does PTO work as far as the pilot selecting days off? Can I elect to take two days on either end of a rotation to block 10 or 11 days in a row off?
4) Does the Phenom fly as much as the Latitude?
5) What is the height requirement to size test out of the Phenom?
Thank you!

1. Base salary is increased +3% for the entire bid period a pilot signs-up for 8-day trips (even if you never fly an 8-day trip, you still get paid the override for that bid period)

2. Each full vacation period is 7 days. On the 72 schedule, the company will not put you on the schedule the 4 days prior to and the 4 days following your vacation week. These 8 "lead-in" days combine with a vacation week for a 15 day duty free block.

3. PTO days are bid through the portal on the company website. They are bid on a monthly basis right after the Crew Schedules are awarded. After the monthly PTO bids are awarded, remaining PTO days available are placed on the "First Come, First Served" portal where a pilot can pick-through the leftovers. First Come PTO days are awarded instantaneously. -- depending on PTO days available (notwithstanding company blackout dates, etc...) you might be able to accomplish what you are suggesting. -- However, you cannot use PTO days to shorten a trip to 4 days or less (you would have to take the entire trip off).

4. I haven't flown the Phenom or Lat, but am told the Latitude and the CL350 are the two busiest fleets.

5. Anyone can request a fit test, it has more to do with femur length than overall height. Not surprisingly, the company will not disclose what the specific measurements are... Pilots have to go through the process individually to find out if they fit or not.

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1st year F/O pay on the CC76 starting this December is $85,446, that's off the pay grid thread. As already stated add 3% for 8 day tours, that brings it up to $88,009. Before the FDP program started you could usually make another 10% on overtime and holiday pay. Now you can make quite a bit more depending on how busy your fleet is. You'll easily break 100K after getting thru training and hit the line.

The Latitude is the hottest selling jet NJA has, there are up to 100 of them now. So there's a good chance you'd get hired into it. I flew the Phenom, it's somewhat busy but breaks more than the Latitude. Probably won't be as much FDP pay but it'll still be quite a few extra $$$. FYI, I'm 5'10" with a 30" inseam and still had one detent left on the rudder pedal adjustment.

I can't imagine any way a first year SIC would be able to do that well. No contract bonus for him to have a big one time pay bump. The only way would be to be done with training and fully online by January 1st and on the 76day schedule with the long tour option and extending almost every day he would have been off along with a crazy amount of FDP pay. I'd rate it as a 1% chance for a first year SIC (going into 2nd year) would do that well as a NetJets SIC.

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I can't see making more than $130K 1st year, and that's the 1st year after you hit the line. And that's only if you fly your ass off in a busy fleet making tons of FDP. Using $89K 1st year SIC on 8 day option, adding 10% OT and Holiday pay and other misc pay, might put you at $97K. And that's above average I think unless you live at a domicile that barely qualifies with enough airline service and results in a few after midnight arrivals home (those pay 2 extended days).

I've seen some post on the various NJA threads about year to date FDP pay and I don't think I've seen anyone say over $15K so far, (could be wrong about that) and that might include the 1/3 that goes into your 401k. So really I'd take an educated guess you won't see over $120K unless you fly a lot of extended days.

But also factor in our great health insurance that we pay nothing for. Office visit is a flat $20; ER and/or hospital admission is a flat $150; diagnostic imaging has zero copay. If you add what you're paying for healthcare now that might make quite a difference. Also add the 55% match to the 401K ($10,450 if maxing the $19K contribution).

Depending on what you spend on healthcare that could get you close to the $145K you're on track to make at the current job.

FYI

I've been flying with a November 2018 hire. He works the 7/7 and tries to get the max 4 extended days per trimester (the 4 extended day max is a 7/7 limit only). He's on track to be around $110k gross pay for the year.

2020 his base pay will increase $6K because it's his second year and contract "COLA"

I'm a 15 year capt. I only work the 7/7, I don't extend, I take all my vacation and PTO days (I work the minimum). When I subtract out the $25k one time contract signing bonus we got in January, I'm on track to hit $217k in gross pay.

15 year capt base pay increases $5k for 2020

I'm on the 7/7, no extended days. Pay period ending 6/15, I'm at $13,800 flight pay, $1,700 non flight assignment, and $240 night flight pay. I'd say I'm average for the Latitude fleet. I've never broken the 30 hour mark for a week. I've had 2 weeks of less than 12.1. Most weeks I'm 22-27 hrs. I could definitely fly more hours in a week but I usually get one day of hotspare each week.

Someone on the 8 day tours would definitely make more than me.

Is there any incentive for pilots to bid a new fleet like the Longitude with the potential for EIS glitches or unknown early demand? Would someone leave a busy fleet like the Latitude or 350 for a new fleet considering the FDP?

Clearly pilots from the less busy or smaller aircraft fleets would consider the Longitude.

Do you how much First Officer makes 1st year ??? Thanks

Technically, the company is matching at 56% for this year.

Also, keep in mind that 33% of your FDP pay will be deposited as a non discretionary company contribution to your 401k, so you’ll only see 67% in your actual paycheck. Good for those that aren’t good at saving....

Also, to add to what’s been said, the 8 day option is more a of chance to get more FDP money out of a tour, versus collecting the measly 3% override. That’s why is has suddenly become so popular. Last 8 day I did netted me $2900 in FDP pay.

As far as making 170k on first year pay, I call BS! No way is that going to happen. High end of the range would be just shy of 130k. That includes base pay, 12 extended days per year, 10% soft pay, and 30k in FDP earnings. You’d have to permanently live out of your suitcase to make more....

These are conservative numbers that do not include insurance, per diem, and bonuses.

7/7 & CC60 - 85k
CC 72 - 92k
CC 76 - 97k

First Year Salary
 

I'm a new hire on the Citation X, Don't see how it's possible to make $170K first year. Realistic salary is about $115K, I'm on the one smallest, least utilized fleet I believe and I'm on track to make about $95K. I'm also on the 7&7 schedule which is not a great schedule for making maximum money.

Thank you so much....

Thank you so much

He learned how to hotwire that new iphone app to go right to the $8000 circle LOL.

I dont see how a first year F/O on 72 day could make 170K. Base is 80K thats with the 3% added for 8 day tours, so 170 minus 80 is 90 thousand in fdpp or ot and holiday, extended days.. it would take more than 7 thousand a month to make 170

I'M Latitude first year, I do try to use the 4 extension days per quarter which ads about $5K a quarter as they seem to alway use me. With FDP I am on track for about $110-115 first year on 7/7. Problem is you can make $5K one week and $2500 next tour, hard to gage. But overall I think Latitude and 350 are working the most? I do not see how you make $170K first year?

I would say the biggest selling point here now is most guys are happy to be out making FDP and from what I am told that's a revolution from 7 months ago. Fun place to come to work and in the spring I was getting some good layovers in the Islands.

I will say the "money wheel" is brilliant, check it after every flight and get a brief update hoping for another leg, money *****s we are!

A little dab of white out on that part of the iphone screen would do wonders....:D

"Wheel of Fortune" [emoji23][emoji23]

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I think he is on the 76, not the 72. And that ytd earnings may have included his first pay from June. But it was $70k. So apparently he is living out of his suitcase...I am impressed, but I wouldn’t want to work like that. Still $115 for a first year is darn good!

$115 to work 5 months a year ant that bad my friend, with two 3 week blocks of time off!

Just stop. You do not get vacation first year. You earn it first.


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What’s the demographic of pilots who like to be on the road for 7+ days at a time?

I did 10 on 5 off for 7 years, followed by 7/7 for 8 years. Have to say 7/7 is better.

Kids in college, stuffing the 401k as retirement looms,just bought an airplane and have to pay it off, catching up ( still ) after a furlough, everybody has their reasons. I did it for one quarter while my wife was on maternity leave, 76 day , 8 day tours, in the mighty XL , and swiftly returned to my 7&7 when she returned to her 737, it was challenging , and exhausting, but it paid well, and God bless the guys and girls on it.

You left out divorced or would be divorced if you spent too much time at home.

Working the 76 day with 14 total vacation days is not even close to 150 days per year. It is more like 214 days per year.

Just over half of the pilot group is on the 7/7.

If you have been around for 10 years you have 28 days of vacation. So on the 7/7 that means four 21 day blocks of time off.

Or 35 straight off if you bid a double*. I take a double every year. Best part of the job is being able to throw that iphone in a sock drawer for a month.



*Cue the mathematically challenged who say bidding a double costs you a week off...:confused:

Please no!!!

That is correct, I was allowed to bid this year for next, good point!

But if you bid a double you have 35 days vacation, and 2 singles gives you 42 days vacation!


(I know, I know, either way gives you the same amount of days off)

Not when year 10 is 125k...

I was told they are fixing the lost week in an LOA to the contract?

If he is making 115k his first year (I’m guessing CC76 base = 82.9k) he isn’t going to make 125k at year 10.

Got an old charter buddy asking me about NetJets - if you add about 20% to the payrates listed on APC, that gets you close to the reality, correct?

So a first year of roughly $75-80K on the 7/7 or 60 day (seems to me the 72 and 76 day schedules are for people that hate their wife and kids)?

These are conservative numbers that do not include insurance, per diem, and bonuses.

7/7 & CC60 - 85k
CC 72 - 92k
CC 76 - 97k

I’ll let someone else handle this....

https://youtu.be/Uv_nooBQNUk

Would you care to comment on designer uniforms? 😆😆😆

LOL

On the first batch, the pants were like a cheap hotel...











No Ballroom :rolleyes: