Topic profile page for NetJets.
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Topic "Netjets" was discussed 1,159 times on 130 sites in last 3 months
Started 3 days, 5 hours ago (2009-11-05 12:57:00)
by wheelsup
Netjets to furlough 540? Talked to a netjets guy in the jet bridge the other day and he was saying 540 is the initial round of cuts, any truth? __________________ "It takes just as much time to be nice to someone as it does to be a jerk."
Started 3 days, 18 hours ago (2009-11-05 00:00:00)
by tpbot
NetJets Inc. said today it will lay off nearly 500 pilots, as its new management deals with a prolonged economic downturn that has hit the company hard. The company employs more than 3,000 pilots worldwide, with most of them located in the U.S. About 50 of the pilots to be laid off live in the central Ohio area, the company said. The layoffs will take effect in 60 days. The expected ...
Started 1 day, 17 hours ago (2009-11-07 01:00:00)
by Hankers
3rd Quarter results from berkshirehathaway.com published 6th November. In 2009, NetJets revenues declined $471 million (41%) for the third quarter and $1,495 million (42%) for the first nine months as compared to 2008. The declines reflected a 79% decline in aircraft sales as well as lower flight operations revenues primarily due to a 24% decline in flight revenue hours. NetJets produced ...
Started 2 days, 21 hours ago (2009-11-05 20:24:00)
by Lee Adler
The layoffs will take effect in 60 days. The expected number of layoffs is 495. However, CEO David Sokol says that the company will try to reduce the number of layoffs after several discussions with the pilot's union. ... View the full article
Started 1 week ago (2009-11-01 06:32:00)
by cruiseclimb
I hope this helps someone.... Business Aviation | Executive Jet | NetJets Executive Jet Management, a Berkshire Hathaway company, is seeking qualified PIC candidates for a new managed client account based at White Plains NY (HPN). This will be a two person account flying part 91 &135. Must meet minimum qualifications to be considered for this position: Hawker 800 XP Currency with ...
Started 1 day, 21 hours ago (2009-11-06 20:26:00)
by rationalwalk
Here are my thoughts on Berkshire's Q3. All in all, better than I expected for Book Value and I think things might be turning for the operating companies (finally), although the jury is out on NetJets, our problem child: http://www.rationalwalk.com/?p=3372
Started 3 days, 5 hours ago (2009-11-05 12:23:00)
by newarkblows
500 more qualified pilots are soon to be furloughed from NetJets. There has to be somewhere around 5000 pilots collectively on the street that all have thousands of hours of experience. I dont care what anyone says about a pilot shortage.... no one is going anywhere soon. Get comfy where you are and if you are flight instructing or building piston time this is the time to re-evaluate your ...
Started 2 days, 5 hours ago (2009-11-06 12:53:00)
by wheelsup
Re: Netjets to furlough 540? Quote: Originally Posted by NJA_Capt Dec 2006 Thx I think he will be safe. Phew! __________________ "It takes just as much time to be nice to someone as it does to be a jerk."
Started 3 days, 2 hours ago (2009-11-05 15:55:00)
by 747Flyer
Quote: Originally Posted by Sandhawk Too bad that GW didn't include the rest of aviation (91k + 135) in the Age 65 rule. Get rid of the geriatric ex-airline baggage and all would be well at the fractionals............ 'It's all about me'... isn't it....
Started 2 days, 23 hours ago (2009-11-05 18:39:00)
by stockman_scott
Berkshire’s NetJets Fires 495 Pilots Amid Slowdown in Flights By Dakin Campbell Nov. 5 (Bloomberg) -- NetJets Inc., the plane-leasing unit owned by Warren Buffett’s Berkshire Hathaway Inc., is firing 495 pilots as the slowdown in corporate flights persists. “This difficult decision resulted from a comprehensive analysis of current and projected flight demand,” David Sokol, NetJets ...
