NetJets, NJASAP Reach Industry-Leading Agreement

Collaborative agreement increases pilot compensation, quality of life while positioning brand for continued growth

COLUMBUS, Ohio, Jan. 17, 2019 /PRNewswire/ -- NetJets, the worldwide leader in private aviation, today announced an agreement with its pilot union, the NetJets Association of Shared Aircraft Pilots (NJASAP), that gives all crewmembers the opportunity to earn additional compensation while enhancing quality of life on tour. NetJets elected to initiate mid-term bargaining to improve compensation for long-term and new hire pilots, leading to the development of a new program that expressly recognizes the exceptional efforts its pilots put forth on a daily basis.

NetJets Chairman and CEO Adam Johnson and NJASAP President Pedro Leroux signed the 2018 Tentative Agreement late yesterday afternoon, following several months of collaboration between the parties that paved the way for an ambitious six-week negotiation. The 2,500-member pilot group ratified the measure in late December with 81-plus percent voting in favor of the package of amendments that extends the 2015 Collective Bargaining Agreement an additional three years through 2026. Among other enhancements, the newly ratified Flight & Duty Pay Program (FDPP) introduces new compensation elements, ensuring NetJets continues to be the industry leader in pilot compensation and work rules; the FDPP benefits both the pilot group and propels the business and brand forward.

"Ratification of the 2018 Tentative Agreement represents countless hours of hard work from both the NetJets team and NJASAP as we worked toward a common goal that is mutually beneficial and built on a foundation of trust and transparency," Johnson said. "In the spirit of true collaboration, the agreement has our pilots' best interests in mind and maintains NetJets's position as the industry leader in pilot relations. We believe this agreement and our relationship with our crewmembers are truly unique in our industry."

Added Leroux, "The NJASAP Executive Board is exceedingly pleased with the outcome of this negotiation – an ambitious undertaking characterized by honesty, goodwill and a genuine commitment to continuing collaboration. It is my privilege to recognize the outstanding efforts of leaders and representatives from both NetJets and NJASAP and to express my sincere appreciation to the pilot group for its thoughtful review and ratification of this ground-breaking agreement."  

About NetJets NetJets Inc., a Berkshire Hathaway company, is the worldwide leader in private aviation. More than 50 years ago, we launched the world's first private jet charter and management company. We went on to pioneer shared aircraft ownership—offering the advantages of owning a private jet, without the responsibilities. Today, we continue to innovate from cockpit and cabin to safety and accessibility. As the owner and operator of the world's largest and most diverse private jet fleet, NetJets hires only the most experienced and accomplished pilots and safety is our first and highest priority. Our full range of aviation options help individuals and businesses do more and miss less via the NetJets®, Executive Jet Management®, and Marquis Jet Card® service brands in North America and Europe. For more information about the world's most reliable and trusted aviation company, visit netjets.com.

About NJASAPFounded in 2008 as an independent labor advocate, the NetJets Association of Shared Aircraft Pilots (NJASAP) represents the professional interests of the 2,500-plus pilots who fly in the service of NetJets Aviation, Inc., a Berkshire Hathaway subsidiary. For more information about the Association, please visit our web site, www.njasap.com, Facebook page, www.facebook.com/njasap, or Twitter feed, @njasap.

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SOURCE NetJets