Pilots working for NetJets, the world’s largest jet operator, have voted overwhelmingly to approve recent contract terms after months of negotiations.
In response to a memo sent to pilot members from the NetJets Association of Shared Airline Pilots (NJASAP) 98% of those eligible to vote took part.
Private Jet Card Comparisons reported that 78% (2,390 pilots) of members voted in favor of latest contract terms while 22% (662) rejected ratification.
Under the brand new contract NetJets pilots will receive a 52.5% increase in payment for his or her services over the subsequent five years, which is able to cost the private jet company greater than $1.6 billion.
“When the last base pay increase is added to pilot pay on May 1, 2029, the pay gap between NetJets and major airlines will probably be reduced from the present 60% to 4.6% for large-cabin captains and 17.6% for small-cabin captains,” the memo to pilots said.
It added that the agreement “secures a net increase in total pilot compensation of greater than $1.6 billion. Stated one other way, the Tentative Agreement will end in a mean per pilot increase of greater than $400,000 in net recent compensation as compared (to the present agreement)”.
NJASAP also said that a 10-year pilot in command (PIC) who holds the “7&7 Schedule will earn an extra $37,604 per yr or $3,134 per 30 days after the primary increase of 23%”.
Voting on the brand new contract began on March 15, 2024, and ended on April 12, 2024.
