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NetJets vs Flexjet?

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Old 02-16-2023 | 07:32 AM
  #21  
MinRest's Avatar
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Originally Posted by Pervis
I never wear my blazer in hot environments and have never received any push back. I wear my sweater, overcoat, hat and gloves when it’s freezing. In fact I’m off to JAC today at -16F. Yes there are guidelines in the CPM, but common sense will not be penalized.
Common sense can and absolutely has been penalized in the past.
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Old 02-16-2023 | 07:45 AM
  #22  
MinRest's Avatar
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Originally Posted by Pervis

NetJets has zero debt and a huge cash surplus, growth to 1000 jets total in five years, thousands of new owners on a wait list, and rapidly reducing upgrade times.
100% of the things above are red flags. Zero debt isn't necessarily a good thing, and a huge cash surplus is for sure not universally good either. Clearly being less risk adverse than they were before is smart but if they have zero debt, lots of cash, and a wait list to make more money by selling shares, they have a pretty choked business model. Add onto that, the insane notion of staffing 1,000 airplanes which is basically double the current fleet size, when staffing right now isn't sustainable, is a problem they will be unable to solve. NJA will not be able to staff 1,000 aircraft unless the airlines crap the bed, period.

Typical private jet companies... "Good times are right around the corner, just keep waiting."
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Old 02-16-2023 | 09:04 AM
  #23  
Gets Weekends Off
 
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From: Retired NJA & AA
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https://www.ainonline.com/aviation-n...otiations-pay?

NJA Management and Union are starting talks on new pay.
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Old 02-16-2023 | 10:53 AM
  #24  
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Originally Posted by MinRest
100% of the things above are red flags. Zero debt isn't necessarily a good thing, and a huge cash surplus is for sure not universally good either. Clearly being less risk adverse than they were before is smart but if they have zero debt, lots of cash, and a wait list to make more money by selling shares, they have a pretty choked business model. Add onto that, the insane notion of staffing 1,000 airplanes which is basically double the current fleet size, when staffing right now isn't sustainable, is a problem they will be unable to solve. NJA will not be able to staff 1,000 aircraft unless the airlines crap the bed, period.

Typical private jet companies... "Good times are right around the corner, just keep waiting."
There are only so many people who can afford to play the game. That number has grown since my frac days, but I highly doubt it’s enough to double the size of NJs let alone the other companies who are also putting forth such pie in the sky projections.

I would be highly dubious of any company promising such tripe.
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Old 02-16-2023 | 01:43 PM
  #25  
MinRest's Avatar
Mmmm wine
 
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From: The Jet
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Originally Posted by FNGFO
There are only so many people who can afford to play the game. That number has grown since my frac days, but I highly doubt it’s enough to double the size of NJs let alone the other companies who are also putting forth such pie in the sky projections.

I would be highly dubious of any company promising such tripe.
Yea I just don't see how it is physically possible. Their model isn't supported right now in 2023 and they have almost 500 less airplanes than their growth plan...
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Old 02-16-2023 | 02:56 PM
  #26  
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Originally Posted by AirBear
https://www.ainonline.com/aviation-n...otiations-pay?

NJA Management and Union are starting talks on new pay.
I hope they leapfrog Delta TA! Rising tide floats all boats!!!
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Old 02-17-2023 | 10:30 AM
  #27  
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Originally Posted by tm602
Part of our "service training". You know, important stuff like:
1) Squeeze he soft candy and make sure it is soft
2) Nevermind the blinding sun, take off the sunglasses if an owner is present (yes it is actually in the CPM)
3) Watch must be metal. No watches like an Ironman or such (yes its in the CPM). Oh, but those white rubber Apple Watches are OK (WTF?).
4) Nevermind its TUS and 114 degrees. Put that coat on when you meet the owners, wait for them in that dark blue sweat garment as they slowly disembark the cars, make phone calls and do their 10 minute goodbyes and subsequently checking their IDs. Because a stinky, sweaty crewmember is so much more professional than a guy with no coat.
More of the BS I'm so glad to be away from.
all of these things are in the manual and most people do not follow them.
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Old 02-17-2023 | 10:36 AM
  #28  
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From: Just a pilot
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Originally Posted by GeeWizDriver
I hear you bro. Wish I were just a few years younger.

Planning the eject, just in a different way.
Does it involve your FS ranging?
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Old 02-17-2023 | 03:47 PM
  #29  
Speed, Power, Accuracy
 
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From: PIC
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Originally Posted by tm602
Does it involve your FS ranging?
PM coming your way.
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Old 02-18-2023 | 10:11 PM
  #30  
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Originally Posted by FNGFO
There are only so many people who can afford to play the game. That number has grown since my frac days, but I highly doubt it’s enough to double the size of NJs let alone the other companies who are also putting forth such pie in the sky projections.

I would be highly dubious of any company promising such tripe.
We have several thousand on waiting lists. Over 100 jets to be delivered this year already paid for. Many are upgraded to large cabin until their fleet can accommodate them. Min, just keep praying your decision to leave NetJets is justified. When events prove you wrong, I won’t hold my breath for your acknowledgment.
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