NetJets Europe Alters Pilot Pay and Contracts

AINalerts » December 5, 2006
December 15, 2006, 9:08 AM

NetJets Europe has offered its pilots more pay and new contracts as it seeks to retain existing flight crew and hire 180 more personnel next year. Annual starting salaries will increase by between 12 and 35 percent, with first officers getting €56,500 ($73,450) and captains being offered €95,000 ($123,500). The fractional ownership group also says it will stop employing pilots under “offshore” contracts in places like the Isle of Man that have created tax problems for employees, as well as excluding flight crew from European Union employment rights. All flight crew will now be employed under contracts in either the UK or Portugal (where the company’s air operating certificate-holder NetJets Transportes Aéreos is based). However, sources familiar with NetJets employment practices have told AIN that some staff fear they will actually earn less under the UK and Portugal tax structure, and the company’s Gulfstream and Dassault Falcon pilots are disgruntled about revisions to crew roster arrangements.

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