MEDIA + NEWS RELEASE GALLERY

When asked about NetJets at the 2023 Berkshire Hathaway Shareholders’ Meeting, Vice Chairman Charlie Munger said, “You can argue it is worth as much as any airline now …” NJASAP agrees, but we wonder: When NetJets pilots will earn, on average, 60 percent of what pilots at some low-cost carriers will earn across a 30-year career, why stay at NetJets? Pilots have their choice of carriers: Why choose one that refuses to compete for the brightest and the best pilot talent in the marketplace? 

This is a question NJASAP asks in today’s content published in The Wall Street Journal; click here to view the ad …  

COLUMBUS - The NetJets Association of Shared Aircraft Pilots (NJASAP) hosted the largest informational picket in NetJets history this past Saturday outside the 2023 Berkshire Hathaway Shareholders' Meeting in Omaha; NJASAP represents the 3,000-plus pilots who fly in the service of NetJets Aviation, Inc., a Berkshire Hathaway subsidiary (NYSE: BRK.A). An extraordinary demonstration of Membership solidarity and resolve, the event drew more than 800 off-duty pilots and their family members from across the United States. 

Click here to read the full news release ... 

During a season in which both new and tenured aviators have their choice of carrier across the Part 121 space, why choose NetJets when regional, low-cost and mainline carriers have all surpassed the fractional in career earnings? Consider this: A NetJets pilot will earn 56 percent of what a pilot employed by a low-cost carrier, like JetBlue, can expect to earn throughout a 30-year career. By burying its head in the sand amid a sustained pilot labor crisis, NetJets executives have put the brand’s ability to attract and to retain talented, experienced aviators at risk. |  Click here to view the ad ... 

The 2022 Berkshire Hathaway Shareholder Annual Report emphasizes the importance of recruiting and retaining qualified, competent personnel, pointing out the failure to maintain an experienced, talented workforce could have negative implications for the conglomerate and its subsidiaries. While NJASAP unreservedly agrees, the same cannot be said of NetJets executives who have yet to take bold steps that will position the brand to attract and to retain pilot talent amid a sustained pilot labor crisis. The world’s most dynamic and complex operational environment demands top pilot talent. |  Click here to view the ad ... 

WHO 

The NetJets Association of Shared Aircraft Pilots (NJASAP) represents the professional interests of the 3,000-plus pilots who fly in the service of NetJets Aviation, Inc., a Berkshire Hathaway (NYSE: BRK) subsidiary.

WHAT 

Informational picketing by as many as 1,000 NetJets pilots and their family members.

WHERE

CHI Health Center, 455 N. 10th St., Omaha, Nebraska

WHEN 

Saturday, May 6, 2023, from 0600LT to 1600LT

WHY

• Despite the sustained pilot labor crisis, NetJets executives have chosen not to take meaningful steps to attract and to retain talented pilot personnel, putting the brand's status as the global leader in private air transportation at risk.

• Indeed, as the pilot shortage tightens its grip on the marketplace, NetJets’s competitive position continues to diminish based on the Executive Management Team’s refusal to acknowledge and to take proactive steps to compete for pilot talent. 

• Absent appropriate competitive adjustments, NetJets has little hope of evading the repercussions of losing talented, experienced pilots to Part 121 carriers who are offering dramatically enhanced packages of compensation and working conditions. 

• NJASAP views this head-in-the-sand stance as unfathomable – especially when we stand ready to partner with management to recapture NetJets's former cache, benefiting all Berkshire Hathaway stakeholders.

Click here to read the Media Advisory ...

Offering service to more than 5,000 airports across 200-plus countries, the NetJets operational environment is arguably the world’s most complex and demanding system. Talented, experienced aviators are essential to delivering the level of safety and service for which NetJets owners and customers pay a premium. NetJets executives, by choosing not to take bold steps to hone its competitive edge amid the sustained pilot labor crisis, may have jeopardized the brand’s ability to attract and to retain the caliber of aviation professional required to meet this objective.  |  https://qrco.de/bdrWQS

Berkshire Hathaway emphasizes importance of qualified, competent personnel in Annual Report

COLUMBUS – While Berkshire Hathaway understands the importance of recruiting and retaining qualified, competent personnel across its family of companies, it would seem the same cannot be said of the executives managing its subsidiary, NetJets Aviation Inc. The 3,000-member pilot group represented by the NetJets Association of Shared Aircraft Pilots (NJASAP) has grown increasingly concerned as the luster that once distinguished NetJets as a career destination for top pilot talent continues to fade. 

The immediacy of these concerns motivated NJASAP to share an excerpt from the 2022 Berkshire Hathaway Annual Report in the Wednesday, March 29, 2023, edition of The Wall Street Journal. The 2022 report says, in part, “We need qualified personnel to manage and operate our various businesses. ... Our inability to recruit, train and retain qualified and competent managers and personnel could negatively affect the operating results, financial condition and liquidity of our subsidiaries and Berkshire as a whole.” 

“NJASAP agrees with Berkshire Hathaway,” NJASAP President Capt. Pedro Leroux said. “Qualified, competent personnel are vital to the financial health and viability of any business, but especially to an air transportation provider.” NetJets owners and customers pay a premium for the safety and service that has long distinguished the brand: Maintaining that reputation requires a skilled, experienced pilot labor force that has developed the technical know-how to support the world’s most demanding operational environment. 

“To date, NetJets has chosen not to take meaningful steps to attract and to retain talented pilot personnel, putting the brand’s status as the global leader in private air transportation at risk,” Leroux said. “To take a head-in-the-sand stance amid an escalating pilot labor crisis is almost unfathomable – especially when NJASAP stands ready to partner with management to recapture NetJets’ former cache, benefiting all Berkshire stakeholders.”

A more comprehensive discussion of NJASAP’s concerns as well as the content published in The Wall Street Journal is available at www.GenuineQS.com 

Read the news release on PRNewswire. 

COLUMBUS – 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. 

“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 ­­­that NetJets services 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.” 

Read the news release on PRNewswire.