NetJets Pilots Raise the Salary Standard

Business Jet Traveler » February 2008
Friday, February 1, 2008 - 4:00am

In December, NetJets pilots voted overwhelmingly in support of a major amendment and five-year extension to their collective bargaining agreement with NetJets Aviation. The pilots are represented by Teamsters Local 1108. While the contract was not up for renewal, the two sides nevertheless came together to forge the extension "in the best interests of both parties." NetJets first officers' first-year pay climbs from $39,000 to $56,875 under the seven-days-on/seven-days-off schedule. This eclipses the previously industry-leading salary for new-hire first officers of $40,000 at CitationShares.

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“I have an obligation to get you to your destination. You have an obligation to pay. What else is there? We don't need 24 pages of legalese.”

-VistaJet founder and chairman Thomas Flohr, on the company's unusually brief, easy-to-understand contracts