The company sells Jet Cards, leases and fractional shares on a by-the-day basis. The move reflects the increasingly tight market for pilots.
Executive AirShare announced in a press release an across-the-board increase of salaries for pilots to meet the growing demand for fractional aircraft ownership. The new salaries are between 18% to 30%more for pilots-in-command (PICs) and seconds-in-command (SICs) joining the company. In conjunction with the salary increase, PIC migration to a more favorable 8-On/6-Off scheduling cycle is expected help the company meet its goal of hiring 25 pilots in the next six months.
“We’re not immune to the pilot shortage that permeates the entire aviation industry,” Executive AirShare Chief Operating Officer Harry Mitchel says. “We’re looking for skilled pilots who deliver excellent customer service and consistent, high-quality experiences every day. We’re confident that a more competitive compensation package, including salary, schedule and lifestyle will allow Executive AirShare to continue identifying top pilots to service our growing base of family-oriented shareowners.”
Beginning April 2, 2018, pilots who join Executive AirShare as SICs will start at $56,000. As of July 2, 2018, PIC salaries change to the new pay scale, meaning a PIC for the popular Embraer Phenom 300 will begin at $100,000, a 25-percent increase over the previous salary.
“Our crew members set us apart in the private travel segment,” says John Owen, Executive AirShare’s chief financial officer and interim president. “This highly competitive salary scale recognizes their value to us and our customers. And the ability for our pilot bases to be co-located with a majority of our customer bases is an asset for our pilots’ quality of life.”
Executive AirShare serves customers in the Kansas City metropolitan area (Kansas and Missouri); Wichita, Kan.; Tulsa and Oklahoma City, Okla.; Fort Worth, Dallas, Houston, Austin and San Antonio, Texas; and Buffalo, N.Y. Its subsidiary, Executive Flight Services, manages aircraft for owners from bases in Fort Worth, Dallas, Wichita, Kansas City and Buffalo. Executive AirShare currently serves the Central U.S. and Great Lakes regions, operating a fleet of Bombardier Learjet 45XR, Embraer Phenom 300 and Phenom 100, Cessna Citation CJ2+, and Beechcraft King Air 350i aircraft. Executive AirShare also offers aircraft management and charter services through its subsidiary. Last year, it launched a program selling Jet Cards using a daily formula instead of the typical hourly rates. The company also announced recently it is searching for a new CEO.