No. of Recommendations: 2
Article on problems at Netjets. The pilots' union is signaling problems ahead.
"Talented aviators will not stay at NetJets where they will make 60% of what their peers will earn elsewhere across a 30-year career," Leroux explained. "Pilot compensation at NetJets not only trails that of the legacy carriers, but also low-cost carriers like JetBlue, ultra low-cost carriers like Spirit and regional airlines such as SkyWest." The Union president added the NetJets pilot contract continues to lose ground in wages, benefits and working conditions as regional and mainline carriers ratify amended contracts or exercise wage snap-up provisions.
"Watching NetJets ' once a career destination for professional aviators ' transition into the industry's steppingstone is disheartening. Long-tenured aviators are moving on, and more and more new aviators are coming to NetJets to build time, rather than a career," Gilbert remarked, explaining that, year to date, 62% of pilots who have separated from NetJets have been in their first three years of employment.
The pilots are demanding the CEO step down.
https://finance.yahoo.com/news/status-carrier-step...I know Netjets isn't a big part of BRK anymore, but it has always been a well-managed company, so a decline would be worth noting. Anyone have insight into this issue?
abromber
