NetJets Pilots OK Contract Amendment
On Friday, NetJets pilots overwhelmingly supported a major amendment and extension to their collective-bargaining agreement between NetJets Aviation and Teamsters Local 1108, the union representing the fractional provider’s pilot group. The NetJets pilots approved the interest-based bargaining (IBB) amendment, with 75.7 percent of eligible members voting in favor of the measure; voter participation reached a historic 95.8 percent. By mutual agreement, union and company officials in late April began the IBB process and agreed to an aggressive deadline to ensure focus on completing the measure in October, a schedule that was met. “With this contract, NetJets Aviation offers its pilots career opportunities and a quality of life that are unmatched in the industry,” noted NetJets chairman Richard Santulli. Major provisions of the agreement include 100 crew bases versus the previous five domicile cities, more schedule options and pay increases that set a new standard in the fractional aircraft industry. The agreement, which was signed late Friday evening at the NetJets Aviation facility in Columbus, Ohio, will become amendable in mid-2012, but can be extended by three years if NetJets meets certain parameters.