Corporate Layoffs?

[YVRYEG]

Any pilot layoffs on this side of the business? Private departments or managed aircraft etc...

[JohnnyHotRocks]

Some pilots laid off at Jetport

[kilocharliemike]

Something about fight club...

[digits_]

Rumors at the airport are that AirSprint laid off 40% of their pilots.

[schnitzel2k3]

Not surprised charter and fractional operations are cutting pilots.

I think most private ops/managed aircraft are safe depending on the financial shielding of the owner.

The investment these owners put in generally would be wasted if they laid their pilots off as that would erase any training agreements protecting said investments, and likely put them in a situation where they may be taken to court for wrongful dismissal. It's in their best interest to weather the 2 or 3 months they can't use their jet.

In essence, they are saving money unless they were relying heavily on charter to float their annual tab.

[Liftdump]

15% Pay cut

[Spin]

Barrick’s flight department.

[whistlerboy02]

40% pay cut last week. We haven't flown in a month and zero flights ahead on the sched.

[Radiohead]

Rumors at the airport are that AirSprint laid off 40% of their pilots.

Don't forget about AirSprint's 35% pay cut company wide - including management - as well.

Glad I'm not there anymore.

[AirSprint HR]

Rumors at the airport are that AirSprint laid off 40% of their pilots.

Don't forget about AirSprint's 35% pay cut company wide - including management - as well.

Glad I'm not there anymore.

AirSprint is in a similar position as most in that our flying has been significantly reduced while these travel restrictions are in place. We expect that our flying will bounce back more rapidly than most but while these travel restrictions exists we have decided to take a conservative approach during this period of unprecedented uncertainty.

It is true that 40% of our team will unfortunately become temporarily inactive shortly, and that a wage reduction will also be put into effect. Both are intended to be temporary in nature and we have shared with the team the key flying triggers which will result in their removal. We also will be accruing the difference between the reduced salary and 90% of their normal salary and returning that to the team when flying recovers.

It is unfortunate that anyone will be negatively impacted in the short term and we are optimistic that AirSprint will be among the quickest and best positioned to bounce back as travel restrictions are lifted. Over our twenty year history, AirSprint has always taken a financially conservative approach to ensure that our long term viability is never in question. This approach contributed greatly to AirSprint being named one of Canada's best managed companies for 2020 but it can sometimes be challenging in the short term. All of our various stakeholders, including the team, do benefit from it in the long term.

Hope everyone stays safe and healthy.

James

[BCM123]

Corporate hasn't been immune to the current situation but that being said I think it is safe to say that the corporate side will begin to recover faster than the airlines. I say that as it is a more isolated form of travel allowing those who can afford it the option to remain away from crowds. To give what I am saying validity, I am a corporate pilot who has received a temporary layoff as a result of the lack of flying during this time and am seeing the schedule start to revive as restrictions begin to loosen. Hopefully that all continues.

[hawker driver]

It looks like corporate will recover long before the airlines.

https://www.ainonline.com/aviation-news ... post-covid

[JohnnyHotRocks]

It looks like corporate will recover long before the airlines.

https://www.ainonline.com/aviation-news ... post-covid

Airline guys have been accepting lower and lower pay through the decades. Hopefully when corporate opens back up they don’t offer to fly our planes for less.

[digits_]

It looks like corporate will recover long before the airlines.

https://www.ainonline.com/aviation-news ... post-covid

Would you buy fractional shares in a company that says they aren't sure they will survive the year?

I like the optimism but the source isn't exactly unbiased.

[Yycjetdriver]

It looks like corporate will recover long before the airlines.

https://www.ainonline.com/aviation-news ... post-covid

Airline guys have been accepting lower and lower pay through the decades. Hopefully when corporate opens back up they don’t offer to fly our planes for less.

Because all corporate operations are top notch and pay boat loads? There’s plenty of big corporate operators flying guys on 14/3 scheds for a mere fraction of what similar positions pay around the world. Pilots working for subpar WAWCON’s is standard throughout basically all levels of Canadian aviation, not just the airlines.

[schnitzel2k3]

It looks like corporate will recover long before the airlines.

https://www.ainonline.com/aviation-news ... post-covid

Airline guys have been accepting lower and lower pay through the decades. Hopefully when corporate opens back up they don’t offer to fly our planes for less.

Because all corporate operations are top notch and pay boat loads? There’s plenty of big corporate operators flying guys on 14/3 scheds for a mere fraction of what similar positions pay around the world. Pilots working for subpar WAWCON’s is standard throughout basically all levels of Canadian aviation, not just the airlines.

We were starting to see some good increases across the board as far as pay and conditions. Most owners were adding crew allowing crews to self schedule for trips which is really nice. No crew scheduling, dispatch or chiefs to deal with regarding days off or vacations.

Only the cheapest bottom feeding owners/operators promote and operate on a 2 hour - 14/3. Unfortunately these are the only seats readily available as guys who stick in the corporate circles vacate these spots pretty quickly if they are heavy use jets.

All our fingers are crossed for some economic growth to stimulate the airlines to get you guys back in your seats.

[hawker driver]

There might be some blue skies soon in corporate.

Things have been picking up at my Fractional in the USA
In April we were down to our worst day of 15% of average then it went up to 27% beginning of May.
Last message was that were are averaging 67% of pre Covid now with some Occasional peak days meeting 100% of Pre Covid.
We expect over 80% average by the end of summer.

Sales have been very good with lots of new customers who are flying private for the first time.
Aircraft have been put back on line and crews are being asked to come back from voluntary leave if they took it.

We were all put on 10 days pay per crew member for April to June when the average use to be 16 days per month.
July to September is now being scheduled at 14 days per pilot/month. After that it will probably go back to normal schedule in October or sooner if demands keeps picking up.

I don’t know what is in store for the airlines but corporate/ private is slowly coming back.
Hope this raises some spirits.

[ayseven]

Good news everyone needs to hear. Thanks for that.

[AirSprint HR]

Rumors at the airport are that AirSprint laid off 40% of their pilots.

Don't forget about AirSprint's 35% pay cut company wide - including management - as well.

Glad I'm not there anymore.

AirSprint is in a similar position as most in that our flying has been significantly reduced while these travel restrictions are in place. We expect that our flying will bounce back more rapidly than most but while these travel restrictions exists we have decided to take a conservative approach during this period of unprecedented uncertainty.

It is true that 40% of our team will unfortunately become temporarily inactive shortly, and that a wage reduction will also be put into effect. Both are intended to be temporary in nature and we have shared with the team the key flying triggers which will result in their removal. We also will be accruing the difference between the reduced salary and 90% of their normal salary and returning that to the team when flying recovers.

It is unfortunate that anyone will be negatively impacted in the short term and we are optimistic that AirSprint will be among the quickest and best positioned to bounce back as travel restrictions are lifted. Over our twenty year history, AirSprint has always taken a financially conservative approach to ensure that our long term viability is never in question. This approach contributed greatly to AirSprint being named one of Canada's best managed companies for 2020 but it can sometimes be challenging in the short term. All of our various stakeholders, including the team, do benefit from it in the long term.

Hope everyone stays safe and healthy.

James

As an update, the last 3 months has seen a steady improvement in flying and several new clients. All of AirSprint's employees who were on a temporary layoff are now back and in June the salary reduction was amended from 35% to 20% with back pay for the difference from when it was first implemented in May. The Canadian quarantine is still holding back flying from traditional norms so I would not say that we are back to normal, but there has been significant improvement over the last few months. AirSprint will likely be in a position to hire pilots and non-flying positions in the near future.

Stay safe all.

James

['97 Tercel]

That's good because you'll probably be getting a sh$t-ton of Air Canada resumes on Oct.6..