NetJets COVID News
05-04-2020 | 07:32 AM
#31
Mmmm wine
Joined: Feb 2020
Posts: 1,802
Likes: 358
From: The Jet
This whole thing has probably stopped all attrition for the foreseeable future. It has also stopped expansion plans for the foreseeable future. Those frivolous upgrades NJA was doing will stop if they haven't already, and upgrades will go back up to 15+ years. The airlines are getting hammered with some of the large legacies planning significant, and life altering changes. Nobody is going to be leaving NJA for an airline anytime soon. NJA still isn't out of the furlough woods yet although I think you guys are better positioned than the airlines at the moment. If anyone had a problem with the NJA stagnation before, buckle up because its going to be worse than ever before.
05-04-2020 | 08:07 AM
#32
Gets Weekends Off
Joined: Oct 2013
Posts: 350
Likes: 0
This whole thing has probably stopped all attrition for the foreseeable future. It has also stopped expansion plans for the foreseeable future. Those frivolous upgrades NJA was doing will stop if they haven't already, and upgrades will go back up to 15+ years. The airlines are getting hammered with some of the large legacies planning significant, and life altering changes. Nobody is going to be leaving NJA for an airline anytime soon. NJA still isn't out of the furlough woods yet although I think you guys are better positioned than the airlines at the moment. If anyone had a problem with the NJA stagnation before, buckle up because its going to be worse than ever before.
05-04-2020 | 08:23 AM
#33
Mmmm wine
Joined: Feb 2020
Posts: 1,802
Likes: 358
From: The Jet
We will find out about the April attrition numbers on or about the 15th of May. As for April attrition numbers, there were 6 and all senior captains with most coming to the end of their MLOA. (Still more to come) I'm not painting a ray of sunshine or a shadow of doubt, NetJets will only hire in the near term due to attrition and if that happens it will be around 5 per month.
05-04-2020 | 09:06 AM
#34
Gets Weekends Off
Joined: Oct 2013
Posts: 350
Likes: 0
While true, that has not happened yet. The delivery of Longitudes continues, however it is at a lower rate than originally planned.
05-04-2020 | 11:56 PM
#35
Line Holder
Joined: Mar 2020
Posts: 84
Likes: 0
Not without risk in this whacky year, but I would think NJA is about as stable as a aviation company could be in these unpleasant times.
So what if Buffett doesn’t mention NJA? Consider his silence a Godsend, unless you want NJA sold like he did the airlines.
I left NJA a while ago...concerning current events...and with hindsight 20/20...I...uhhh...
Oh well.
No upgrades? No hiring? Count your blessings.
So what if Buffett doesn’t mention NJA? Consider his silence a Godsend, unless you want NJA sold like he did the airlines.
I left NJA a while ago...concerning current events...and with hindsight 20/20...I...uhhh...
Oh well.
No upgrades? No hiring? Count your blessings.
05-05-2020 | 03:57 PM
#36
Line Holder
Joined: Jan 2007
Posts: 454
Likes: 1
From: B717 CA
05-05-2020 | 04:12 PM
#37
Line Holder
Joined: May 2006
Posts: 1,098
Likes: 6
Sent from my Pixel 3 XL using Tapatalk
05-05-2020 | 05:25 PM
#38
Mmmm wine
Joined: Feb 2020
Posts: 1,802
Likes: 358
From: The Jet
Given his recent decisions on aviation companies, I would be slightly concerned if I worked for NJA. Not to say he will sell or dump NJA, but his willingness to help NJA this time might not be there. Luckily it appears that as of now, that help isn’t needed yet.
05-05-2020 | 07:30 PM
#39
Gets Weekends Off
Joined: Feb 2006
Posts: 2,100
Likes: 0
From: C47 PIC/747-400 SIC
your “concern “is noted, : ) be well
05-06-2020 | 06:02 AM
#40
Line Holder
Joined: Mar 2015
Posts: 267
Likes: 4
Sent from my SM-N960U using Tapatalk
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