“"Many years ago, our company founder, Al Conklin, sold a new twin-engine business aircraft to a very successful entrepreneur. He had established a bit of a rapport with the individual and, after the sale, asked him straight out, 'How can you justify the cost of this airplane?' His reply? 'What is the cost of a divorce?'"–David Wyndham, president, Conklin & de Decker”
NetJets Pilots Raise the Salary Standard
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.