NetJets Pilot Union Airs Grievances in Wall Street Journal Ad

The high-profile protest is designed to apply pressure to NetJets parent company Berkshire Hathaway.

Monday, December 04, 2023 at 03:50 PM ET

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Members of the NetJets Association of Shared Aircraft Pilots have staged protests over pay and scheduling. [Courtesy: NJASAP]

Key Takeaways:

NetJets pilots, represented by the NJASAP union, publicly criticized parent company Berkshire Hathaway and CEO Warren Buffett through a Wall Street Journal ad, citing stalled negotiations over wages and scheduling.
The union claims NetJets refuses to offer market-rate pilot wages (estimated at 60% of major airline peers) and improve working conditions, leading to hundreds of experienced pilots leaving the company.
This pilot attrition is occurring despite an industry-wide pilot shortage, prompting ongoing protests and expressions of bewilderment from the union regarding the company's policy.

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A group of pilots has called out its boss, famous investor and Berkshire Hathaway CEO Warren Buffet, with a Wall Street Journal ad criticizing corporate policy at NetJets Aviation Inc., the Berkshire Hathaway unit where it works.

The pilots, who are members of the NetJets Association of Shared Aircraft Pilots (NJASAP), an independent pilot labor union, said they took out the front-page ad after their negotiations with NetJets soured. The union said NetJets has refused “to pay market-rate wages for pilot labor and to make commonsense enhancements to current scheduling practices.”