- Increase makes total pilot compensation 25 percent greater than that of competitors
- Flexjet’s average Red Label Captains make over $100,000 more than the highest salaries posted in the Pro Pilot Compensation – Salary Study 2017*
- Red Label Pilots manage their own schedules, are assigned to a single aircraft and fly the youngest fleet in the industry
- Unprecedented growth and flight demand is driving need to grow the pilot ranks by 25 percent this year
CLEVELAND, May 18, 2018 – Flexjet LLC, a leading provider of fractional jet ownership and the only provider to offer a unique dedicated crewing model, today announced substantial salary increases for Red Label pilots, making them the highest paid in the industry.
Red Label pilots’ total compensation is greater than that of their competitors by 25 percent or more. This industry-leading pay, and the opportunity to fly the industry’s youngest fleet with the most desirable aircraft, are just a couple of the reasons why so many pilots are choosing to join the Red Label Program.
Red Label by Flexjet is the carrier’s premium offering, which has proven to be a leading differentiator among both Owners and pilots. Compensation of these highly trained and experienced pilots is so important to Flexjet that the company fought for its ability to increase salaries unilaterally in the Red Label Program in recent union contract negotiations.
“For more than 20 years, Flexjet has challenged the status quo of fractional private jet travel,” said Michael Silvestro, Chief Executive Officer of Flexjet. “We are proud to announce additional investment in our pilots that will further enhance our industry-leading approach. One of our core fundamental principles is that employees are the foundation of a service organization. We feel strongly that our pilots are key to our business success. Proof of that commitment is offering compensation unmatched by any other fractional provider in the industry.”
First-year Flexjet pilots using the preferential bid schedule can expect to make $80,000 per year; a fifth-year Challenger 350 pilot could earn as much as $176,000 a year and a third-year Red Label chief aircraft commander flying a Gulfstream G650 could earn $205,000 annually.
Other pilot benefits include:
- Over 80 domiciles to choose from and the ability to change as the pilot wishes
- Company-paid travel to and from domiciles
- Every pilot is trained to PIC FAR Part 135 standards, making each pilot eligible as a Captain
- 24/7 support from Flexjet’s state-of-the-art operations control center
- Medical plans to cover families for less than $200 a month
- Company-paid short and long-term disability, life insurance, loss of license insurance
- Highest per diem in the industry, dramatically improving the day-to-day experience on the road
One of Red Label’s most distinctive features is dedicated crewing. This feature provides Flexjet pilots with a sense of ownership and familiarity with their assigned aircraft and teams. This also enhances the travel experience for Red Label Owners. Red Label pilots enjoy very competitive quarterly bonus incentives based on performance.
In response to Flexjet’s unprecedented business growth and flight demand, the company intends to grow its fleet by 14 percent, which will require growth in pilot ranks by 25 percent this year. Prospective Flexjet pilots can apply via https://www.flexjet.com/careers/pilots.
*Source: “Salary Study 2017,” in Professional Pilot, June 2017
About Flexjet
Flexjet first entered the fractional jet ownership market in 1995. Flexjet offers fractional jet ownership and leasing. Flexjet’s fractional aircraft program is the first in the world to be recognized as achieving the Air Charter Safety Foundation’s Industry Audit Standard, is the first and only company to be honored with 19 FAA Diamond Awards for Excellence, upholds an ARG/US Platinum Safety Rating and is IS-BAO compliant. Flexjet’s fractional program fields an exclusive array of business aircraft—some of the youngest in the fractional jet industry, with an average age of approximately six years. In 2015, Flexjet introduced Red Label by Flexjet, which features the youngest fleet in the industry, flight crews dedicated to a single aircraft and the LXi Cabin Collection of interiors. To date there are more than 25 different interior designs across its fleet, which includes the Learjet 75LXi, Challenger 350, the Embraer Legacy 450, Global Express, the Gulfstream G450, G500 and G650, and the Aerion AS2 supersonic business jets. In addition, the overall jet collection includes the Embraer Phenom 300 and Bombardier Challenger 300. Flexjet is a member of the Directional Aviation family of companies. For more details on innovative programs and flexible offerings, visit fxmultiprod.wpengine.com or follow us on Twitter @Flexjet and on Instagram @FlexjetLLC.
Contact:
Nicholas Parmelee
The Hubbell Group, Inc.
216-406-5602 (cell)
781-878-8882 (office)
[email protected]
