I have personal friends that are getting hired into the mainline carriers in wide body fleets. People going to LCC’s are getting upgrades in 3 years. Barring some new, economic world catastrophe, there is going to be some serious and fast movement within the 121 world.

Is this enticing enough for some netjets pilots to go to mainline? Would it be significant enough to speed up seniority?

 

Yeah I'm curious what the current attrition rate is right now.

 

I think the golden handcuffs are real at NetJets. I don't mean that in a negative way. Not many were leaving for the Majors during the pre-covid hiring boom. I don't see why this Major's hiring boom would be any different? I would guess many NetJets pilots look at the Majors in 2021 and see even more reasons for them not to leave. I would imagine there are going to be many 2021 W2s for 7n7 captains nearing the 300k range. That is a big paycut to take to see if the grass is actually greener.

When you look at the age data most are late 40s and older. Not much time to absorb another downturn when you are starting over. And as weird as it is to say....you do have the advantage of working past age 65 at NetJets is something unplanned happens in your life.

Now those with less than 5 or so years on property.....I'm guessing there is some attrition there? But the upgrade is surely going to drop very quickly. How will that change attrition on that end of the seniority list?

What is the current attrition rate? Who is leaving?

 

Taking a paycut and being forced to commute will be enough reason to stay. Sure, the eventual payout at mainline will be a bigger paycheck, but money is not always the answer. The upgrade time will go down and it is still a great place to call home. The numbers some pilots are bringing in (FO and CA) are great anyways. I can see some people leaving, however some left the 121 world and I don't see those going back fast.

 

If you want to fly for the airlines, they are hiring.

 

I was hired at NJA in 2015, left in 2017. I was awarded upgrade this month at my airline. I was making more as an FO than my NJA buddies I was in new hire class with, and I bet they don’t upgrade for another 5 years. Don’t regret the move one bit and maybe 70% of my new hire class left. I think the attrition rate of those 5 years and under will be high, and continue. I don’t see a lot of the more senior pilots leaving in droves. 5 years and under will be a revolving door.

 

This is the most likely thing we will see going forward. Those who are already PICs or close will most likely close out their careers at NJA while those who are on the new side of their NJA careers will have lots of great choices for how to proceed going forward and many will probably bolt. At least staying or going can both be good choices now.

Sent from my Pixel 3 XL using Tapatalk

 

For a guy with no regrets, it’s hilarious how you keep stalking the Netjets threads. Kinda like an ex girlfriend you just can’t let go of.

Anyhow, Glad it all worked out for you but some pilots remain aware that without government intervention (ie bailouts, which are still being payed out), the 121 world would have faced mass layoffs. Netjets is now in shape to better absorb an economic downturn like it did in 2020 than any airline. Latest airline data shows terrible 3rd quarter financial results without the government aid. I prefer to fly for a company that can stand on its own….

We also don’t have our flight attendants getting punched in the face every month.

 

Don't get mad because I gave my opinion. If you don't like how forums work, don't log in. Everyone said the airline industry was too big to fail, and that has proven true. That is better job security than betting on NJA still being around when Uncle Warren kicks the bucket.

Oh and you are flying for a company that furloughed the highest percentage of pilots out of ALL the airlines in 2009.

Are you seriously using FAs being assaulted as a defense of staying at NJA? Are you mental? 100% of pilots working for airlines don't have to see TEB 6 times a month. Enjoy the Hanoi Hilton!

 

Unfortunately, the next airline furlough is always around the corner. Track all the furloughs… it will happen again. Airlines cannot continue to expect tax payers will always bail them out.

NetJets took ZERO tax payer dollars during COVID year.

Not.

A.

Penny.

NetJets emerged from COVID Year in a growth position with BILLIONS in new aircraft orders, strong year end profits and orders to increase the size of our pilot seniority list by what will be 30% over a 2.5 year timeframe. This year will be the most profitable for NetJets in 50+ years of operation, even with all of the expansion. Expansion. It’s quite a word.

Your airline took millions just to make payroll and fly around empty jets for months. They all did.

Today’s airline captain, tomorrows right seat on reserve.

Since you left, the NJA business model has done some serious retooling. The only thing we’ll lose is some FDP during a downturn.

What we’ve gained by spending a career at NetJets is stable growth, stable careers… things that are meaningful for pilots to offer their families over the years. Plane size isn’t sexy… stability is sexy.

It takes some vision and some stones to take the path less travelled… that path, if taken now at the beginning of the retirements from our list will yield enviable seniority positions over time. Some people need the “Safe path” that all airlines have promised and none have delivered for decades since deregulation. Some people need the big plane. Some people need to fit in at the BBQs with squadron buddies and ‘fit in’ with their friends who fly for XYZ and just can’t understand NetJets. At the end of the day, nobody needs to understand NetJets except NetJets pilots and families.

There is currently a backlog of Owners waiting to join the program that numbers in the thousands. This is future impending growth that we haven’t even tapped because we need the planes and the pilots. People all over the world are voting with their wallets and leaving bad service and mask mandates for private flying. Many are finding their way to us and we couldn’t be more happy to welcome them with shiny new jets and professional, happy crews to greet them. The airline cabins and gate areas have become unruly and unsuitable to considered civilized travel options. Those with money are opting out of public transport.

NetJets is more than happy to assist them.