MaxMar

Tradewind went through with the furloughs and layoffs as originally planned. Apparently they were just too uncertain about whether or not we would be eligible for federal money to postpone. Furlough letter states that the hope is to have everyone recalled by June 15.

Camel Dancer

That sucks. I’m not sure why they wouldn’t know if they were eligible. It’s really a question of how much you would get. Hopefully you guys will get back in the saddle ASAP!

GoneMissed

https://www.cnbc.com/2020/04/02/week...ss-claims.html

This is getting worse by the week. And will continue for at least 4 weeks. I see a significant portion of these jobs coming back but a lot won’t.

I was cautiously optimistic as of last week. I am no longer....again I hope I am 100% off and we see a quick V shaped recovery.

aussiexpat

The death rate is exponential. It won't stay at 500 a day, it will increase to multitudes of that as it worsens so a 180 day lockdown is not at all accurate.

However, if our leaders don't get serious about this in the next week or 2, then it may stretch out for 6 plus months...

GoneMissed

Bump.

Any new updates?

Das Auto

Update to reality. The major 135 operators are hanging in there. The smaller ones are fighting for survival, some in vain. The major airlines are about to furlough thousands. Those that left said major 135 carriers to go to said airlines are calling and asking for their old jobs back. Those that left in good standing are first on the list for re hire if and when any hiring were to happen.
Everyone else might as well buy a lottery ticket.
Sorry to sound negative but with all the B.S. head in the sand mentality being preached lately, a dose of reality is needed.

GoneMissed

I think you and I are on the same page.

I was cautiously optimistic in late February. Was no longer beginning in April. This will be bad and get much worse before it gets better. I hope I am 100% wrong for all of our sakes

Purpleanga

One things for sure in the pt135 world get ready to be used and abused with bad contracts. It was already tough to have some sort of QOL but now that the company views you as lucky to be there I think it’s going to be tough for a while again.

Nemack85

unfortunately I agree with this too 😢

Allegheny

The US economy, and related GDP, are comprised of various parts but consumer spending is agreed to be approximately 2/3 of GDP. You can't take this much unemployment without drastically affecting GDP and the Markets. Wall Street and Main Street have been disconnected for some time. However the recent rise in the S&P and other indexes from the sharp drop of March will not last. There needs to be something other than government handouts to prop up the market.

When the market drops again, there will follow a shake out in the 135 world. That's where the upper .05% have their money. If you have an airplane on a managed /135 certificate and the market tanks badly, many will have to raise cash. I think the reason that there has not been a flood of aircraft on the market is because the Financial Markets are holding up well. However they are being held up by FED stimulus. When the real unemployment and loss of real GDP hits home the Markets will fall and the wealthy will be trying to raise cash.