In January 2021, NetJet pilots ratified revised agreements extending the current agreement through the end of 2026. It brought NetJets pilots generally up to parity with the major airline pilots (oversimplification as seniority, type ratings, currency and hours in various aircraft along with other criteria determine individual pay for each pilot). Then the majors signed new agreements with their pilots recently with pay increases of as much as 40%, making the NetJets agreement look not as pretty as it did when agreed to in 2021. So now the NetJets union wants to change the current contract (that expires in 2026) to catch up to the new contracts of the majors. I am guessing that NetJets is wanting to hold the pilots to what they agreed to. The cyclical supply and demand for pilots is a big factor that complicates sensible negotiations. Warren probably should have called that 800 number that talks him out of making aviation investments when Santulli offered to sell NetJets (Exec Jets) to him years ago.

Berkshire Hathaway FAQ

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