NetJets Europe introduces industry-leading crew package
5 December 2006
05 December 2006 – NetJets Europe today announced a greatly enhanced employment package for its pilots and flight attendants. Among the highlights of the package are salary increases of between 5% and 35% for all crew members, 9 fewer duty days and permanent contracts. The new Work/Life Crew Package is designed to recognise the contribution of NetJets Europe's employees and to position the company to continue to attract and retain the best pilots and flight attendants in the industry as the company carries on its rapid expansion.
Mark Booth Chairman and CEO said: "Over the past five years we have grown from a small private jet company into one of the largest and fastest growing aviation companies in the world. It is thanks to the hard work of every person in this company that we have climbed this mountain. These new changes will make NetJets Europe a great place to build a career and positions the company for an exciting future."
Details of the package are as follows:
REMUNERATION
Effective January 1, 2007 salaries are increasing for all crew members, equalising across fleets and across all 36 NetJets Europe gateways. Captains will receive a 10-27% raise while working 9 less days than previously. Additionally, Captains, First Officers and Flight Attendants will have the opportunity to earn additional income in 2007 by volunteering to work an incremental 6 days during NetJets Europe's busy season. Additional duty days at increased rates of pay may also be available.
STARTING SALARIES JANUARY 1, 2007
|
rank
|
starting salary
|
6 optional days
|
compensation
|
|
Captain – PIC
|
€95,000
|
€6,000
|
€101,000
|
|
First Officer – SIC
|
€56,500
|
€4,200
|
€60,700
|
|
Flight Attendant
|
€48,350
|
€3,300
|
€51,650
|
NOTE: Higher levels of compensation are paid to employees of longer tenure based on seniority
ROSTERS
In an effort to provide its employees with the best work/life balance in the industry starting January 1, 2007 NetJets Europe will operate a 6/5 roster pattern for all non-GV/G550/F7X crew members (these crews will work a combination of 7/6 and 6/5). All schedules regardless of fleet will be measured over a quarterly basis, and the contract will cap obligatory duty days at 50 per quarter. The new schedules reduce yearly obligatory work days to 178 when you factor in crew members 22 days of holiday.
CONTRACTS
NetJets Europe is providing all crew members a permanent contract in 2007. This is a vast improvement over the 3 year contract the company was issuing previously.
OTHER
NetJets Europe will continue to allow all crew members the choice of living in any of 36 approved gateway cities across Europe. Additionally the company is currently finalising its seniority programme which it has committed to roll out in early 2007.
NetJets Europe (www.netjetseurope.com) was founded in 1996 and today is the largest operator of business jets in Europe. NetJets fractional aircraft ownership allows individuals and companies to buy part of a corporate jet at a fraction of the cost of whole aircraft ownership. NetJets Private Jet Card and NetJets Corporate Card allow customers to buy a block of 25 occupied flight hours with one simple payment. Both fractional ownership and the card programmes guarantee availability 7 days a week, 365 days a year. Clients have the flexibility to choose from over 1,000 airports in Europe alone, enabling them to fly whenever they want from wherever they want. As the only pan-European operator with its own fleet, NetJets Europe, through NetJets Transportes Aéreos (NTA), is uniquely capable of delivering a consistent, world-class service with an unparalleled commitment to safety and security. NTA is the only dedicated business jet operator to be awarded the IOSA certificate – the highest safety accreditation in the world. In 2005, the NetJets Europe Fleet flew more than 40,000 flights to more than 100 countries. NetJets Europe is the marketing agent of NetJets Transportes Aéreos S.A., an EU air Carrier.
The NetJets fractional aircraft ownership program is made available through the NetJets family of operating companies. Each of the NetJets operating companies operates, maintains and crews its respective fleets.
– NetJets Inc. (www.netjets.com) formerly Executive Jet, Inc. was founded in 1964 as the first private jet charter and aircraft management company in the world. The NetJets programme was created in 1986 as the world's first fractional aircraft ownership program for business jets and private jets. The programme launched in Europe in 1996. In 1998, after being a satisfied NetJets customer for three years, Warren Buffett, Chairman and CEO of Berkshire Hathaway Inc.(www.berkshirehathaway.com), acquired NetJets Inc.
– NetJets Europe (www.netjetseurope.com) – All private jets and business jets offered by NetJets Europe are operated, maintained, and crewed by NetJets Transportes Aéreos, S.A. an EU Air Carrier. Operations centre located in Lisbon, Portugal.
– NetJets Middle East – NetJets Management Ltd. and NetJets Middle East are subsidiaries or affiliates of NetJets Inc. Operations centre located in Jeddah, Saudi Arabia.
– NetJets Aviation, Inc. – All private jets and business jets, with the exception of the Boeing Business Jets, Gulfstream 450 and Gulfstream 550 executive jets, offered by NetJets in the United States are operated by NetJets Aviation. Operations centre located in Columbus, Ohio, USA.
– NetJets International – The NetJets Gulfstream Large Cabin Fleet is operated by NetJets International. Based near Hilton Head, South Carolina, USA, this company operates the Gulfstream 450 and Gulfstream 550 executive jets in the United States.
– NetJets Large Aircraft Company – Boeing Business Jets are operated by the NetJets Large Aircraft Company. Operations centre located in Columbus, Ohio, USA.
– Executive Jet Management – Executive Jet Management offers on-demand private jet charter services, jet charter aircraft management, and turnkey aircraft management services. Operations centre located in Cincinnati, Ohio, USA.
