NetJets, NJASAP reach agreement on pilots' compensation, quality of life

NetJets, an Ohio-based private aviation company, has announced an agreement with NetJets Association of Shared Aircraft Pilots (NJASAP), its pilot union, which gives all crewmembers the opportunity to earn additional compensation while enhancing quality of life on tour, the company said.

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 and NJASAP President signed the 2018 Tentative Agreement, following several months of collaboration between the parties that paved the way for a six-week negotiation. The 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.

NetJets Inc. is a Berkshire Hathaway company. The company´s 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.

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.