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NETJETS' COMPETITIVE EDGE DIMINISHED AS AIRLINES VIE FOR TOP TALENT

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The NetJets Executive Management Team faces criticism for not taking adequate measures to attract and retain pilots amid a tightening pilot shortage. According to the NetJets Association of Shared Aircraft Pilots (NJASAP), representing over 2,900 pilots, this lack of action could jeopardize NetJets's ability to maintain its status as a leading fractional air transportation provider. The NJASAP emphasizes that the airline industry's competitive landscape necessitates proactive steps to ensure the safety and service standards that customers expect. NetJets operates in over 5,000 airports worldwide, highlighting the need for experienced pilots.

Positive
  • NetJets operates in over 5,000 airports across 200+ countries, demonstrating a vast operational footprint.
  • The company is positioned as a leader in the fractional air transportation sector.
Negative
  • Failure to attract and retain pilot talent could compromise safety and service quality.
  • Management's inaction may diminish the brand's competitive edge as airlines recruit top talent.

Executives continue to ignore realities of the marketplace

COLUMBUS, Ohio, March 8, 2023 /PRNewswire/ -- The pilot shortage continues to tighten its grip on the marketplace, and yet the NetJets Executive Management Team refuses to take proactive steps to attract and to retain increasingly scarce pilot talent – a misstep that has emerged as a foremost concern for the NetJets Association of Shared Aircraft Pilots (NJASAP). A professional labor advocate, NJASAP represents the interests of the 2,900-plus pilots who fly in the service of NetJets Aviation Inc., a Berkshire Hathaway (BRK.A) subsidiary.

"NetJets owners and customers deserve more than flying in the back of a flight school aircraft."

"We are watching management teams across the industry – from legacy carriers to ultra-low-cost carriers – take bold steps to reinforce their competitive footing for top pilot talent," NJASAP President Capt. Pedro Leroux said. "We fear NetJets's intransigence on this industry-shaping moment will have very serious consequences for the brand's ability to deliver the unparalleled safety and service product for which our customers pay a premium."

Indeed, maintaining its status as a career destination carrier is vital to NetJets's continued dominance as the global leader in the fractional air transportation sector – a position rooted in the promise of a safe, dynamic and reliable product. Providing service to more than 5,000 airports across 200-plus countries and territories around the globe confirms NetJets supports the most dynamic operational environment on the planet. Compare those statistics to the legacy carriers that provide service, on average, to 262 destinations.

"NetJets stands alone here," Leroux commented. "The unsurpassed number and location of the airports we service – many of which are uncontrolled fields in remote locations with unique risks – leaves zero doubt that NetJets requires a pilot force with unmatched experience and proficiency." A NetJets pilot performs flight operations into 20 times as many airports as his or her major airline peer, demanding a far more expansive skill set developed across many years of practical application.

The calculus is simple, Leroux continued: "NetJets owners and customers deserve more than flying in the back of a flight school aircraft. Unless the fractional takes aggressive steps to pursue and to retain the best aviators in the marketplace, what was once the pinnacle of an aviator's career will transition into a stepping stone toward the nation's Part 121 carriers."

About NJASAP Founded in 2008 as an independent labor advocate, the NetJets Association of Shared Aircraft Pilots (NJASAP) represents the professional interests of the 2,900-plus pilots who fly in the service of NetJets Aviation, Inc., a Berkshire Hathaway subsidiary. For more information, please visit our web sites, www.njasap.com and www.genuineqs.com, or find us on Facebook, www.facebook.com/njasap, and Twitter, @njasap.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/netjets-competitive-edge-diminished-as-airlines-vie-for-top-talent-301765980.html

SOURCE NJASAP

FAQ

What recent pilot shortage issue is affecting NetJets?

NetJets is facing a pilot shortage as their management fails to take proactive steps to attract and retain pilots.

How many airports does NetJets operate in?

NetJets operates in over 5,000 airports worldwide.

What did NJASAP say about NetJets's management approach?

NJASAP criticized NetJets's management for ignoring the realities of the pilot shortage and not taking appropriate actions.

What potential consequences could NetJets face due to the pilot shortage?

NetJets may struggle to maintain safety and service quality, risking its reputation and competitive position.

How many pilots are represented by NJASAP?

NJASAP represents over 2,900 pilots who work for NetJets.

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