Blueridger

That's about the dumbest thing I've heard so far this year - and it's been a long year!

Since when do fractionals and airlines have any direct competition??? That's like saying limo services are taking away from greyhound's business.....

NZNV

I don't know, we ferried to CAE to take a X capt to TEB for hotspare. I'm pretty sure CO lost about $500 on us.

Blueridger

That argument would be in defense of fractionals providing extra business TO the airlines, as opposed to fractionals taking business FROM the airlines as was stated previously and rather ignorantly.....

Pielut

Okay, I lurk often but don't post that much but the age 65 whining is ridiculous. Are you going to give up pay and seniority so someone else has a chance? Are you your brothers keeper? If you say yes you are a liar. Many have been furloughed multiple times throughout their careers and have destroyed pensions/retirement. Yes the situation is rough right now but pointing the finger and whining will not make your situation any better. Do your job, take care of your family and stop bi*&^'ing about something you can't control.

tcasra

Why do so many on this forum attack, bash, or blame those over the age of 60? They paid their dues, put in their time, and have every right to stay as long as they want (assuming they can maintain their medical). I understand that some of you feel that their time is up --> and now it is your time. Unfortunately for you, they were hired long before most of you even expressed interest in flying for that company. Be patient and wait your turn. It may not seem fair, but life isn't always fair. Man up and shut up! Your time will come!

tcasra

UCLAbruins,
Let me be clear, I am not personally attacking you. I'm just using your quote to illustrate my point of view.

Wild Turkey

How many pilots does Citation Share have?

UCLAbruins,

Take a chill pill, dude. Sound to me, you are a wanabe with a fresh comm/instument ticket with 250 hours and you're unable to find employment with a corporate or fractional job. You need to get some experience and pay your dues.

UCLAbruins

No worries man, its cool. That was the agreement, I knew I was going to get flamed. I'm taking my flaming like a man....I realize I should've kept my comments to myself, you guys are right, personal choice, they should stay for a long as they want.

Anyway, back to "Citation Shares Furloughs 30"

Part135 Guy

Know what, UCLA does have a point... I have flown with many "double-dippers" who chat away the time about their 2-3 homes, toys in the garage/hangar, marriages that would only survive if they were gone half the time, 1.1 million lump from DAL, etc., etc., etc. These folks could easily retire... and don't give me the sob story about their funds taking a massive hit, because I don't have any sympathy. In fact, it's a BS excuse and you all know it. You can't tell me that if you were to retire today, even having taken a hit on your retirement funds that you wouldn't be able to recoupe most of it once the economy turns around (and it will). You are not going to deplete your entire retirement in the 12-18 months (my estimation) that it takes for things to get better and for you to gain your losses back. So what if it means that instead of living off of 12 grand per month you only get to draw 9G's until things recover. Most of us nowadays won't even know what that is like when we are ready to retire because the lucrative pay/retirement you folks earned doesn't exisit any more. There are guys out there that are likely to lose their homes over these furloughs, because, in case you haven't noticed (and you selfish pr!cks probably haven't) THERE ARE NO JOBS TO BE HAD IF WE LOSE THE ONE THAT WE HAVE! Your children are grown and gone, the home is mostly paid for (shame on you if it isn't), and all you have to worry about is the bill from the local country club. Younger guys are concerned with feeding their families..... I hope you can sleep well at night.

correcting

You're dreaming. The numbers don't back you up on this at all.

Let's say a person's retirement fund has gone from $1 million down to $600,000, a loss of 40% (which is about what the markets have done). So now lets say that the losses stop at 40%. So in order for the person with $600,000 to recover to $1 million, they would need to see a return of 70% to get back to that $1 million. It will take years and years and years to see a total return of 70% from the stock market. Even if it goes up 15% per year, which would be crazy, then it would still take 4.5 years to recover all the lost money.

The reality is that it will probably take an average investor at least 10 years to recover from the hit we've all taken this fall, and even that might be optimistic. Throw in a house that might be worth less than the purchase price, and suddenly things are not necessarily as rosy as you might think they are.

It's a free country and a free market. I'm 33, but I don't begrudge any of those old guys that still want to fly, whatever they're reason may be. I'll be old one day too.