Quote:
As of March 31st it was 188 which more slowly trickling in. Keep in mind a number of these were for only 30 days, others I read about as much as 4 months. Could be higher, not everyone volunteers what they put in for on the message board. Originally Posted by flyitfast
The 401k match is suspended for 90 days. The original options for 60 days were: 1) 15 on, 15 off with the last 5 days of each rotation paying 1.5. 2) 10 on, 10 off, no premium pay. 3) Part PTO, part 10 on and 4) all PTO. Last night it was announced we will have 10 days per month paid with some undefined deferred compensation at the end of 90 days. We should get a fact sheet later today outlining the details. Any idea how many Netjets pilots have taken leave?
As far as Furloughs at NetJets, those will be difficult with all the fleet types we have. Globals, Gulfstreams, Challenger 350's and 650's, Latitudes, Sovereigns, Excels, Phenom 300's, etc. Lots and lots of training at FSI which was short staffed before the virus crisis. I posted a few days ago that a 1000 pilot furlough would go back to late 2004/early 2005 DOH. Pilots with over 10 years get 4 months furlough pay. And the WARN act requires 2 month's notice of a large layoff. So 6 months of pay for many of the theoretical 1000. I would guess NJA will offer something like American Airlines has where you're paid a portion of your salary to stay home and remain current in the Sim. That way if flying spools up faster than expected NJA will be ready.