Thread: GoJet Growth
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Old 12-06-2020, 07:39 AM
  #7  
ElCaribe
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Joined APC: Sep 2020
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Originally Posted by TSA796 View Post
If that is an incredible stroke of genius why did they not lease them from the start. We all know GJ is hanging on by a thread. I know for sure uncle Hulie will not take risks or stay in business if a solid profit plan can't be implemented. His model of operating a subpar airline on the cheap is dead. If he won't step up and run a first class business he is history. The big problem he has is current management is not very talented because he runs everything on the cheap, including his management salaries. He really does not have many choices. Not sure if he has anything left to sell now that he cashed out with jets. He is just setting up for an exit stage left when the day arrives. He is not stupid, on the contrary he is a very shrewd business man with an accounting background. He knows how to make money in a flourishing airline environment not a complete melt down where he has to fight to survive. He knows the airline industry will not recover back to precovid numbers for at least 5 years. That is assuming these vaccinations are effective for more than 4-6 months. Plus the risk of a severe depression are just one stimulus check away, our economy is in big trouble and Hulas knows it. Right now the long term risks are unknown so there are many risks involved for someone putting up their cash to play. He is not a risk taker, plus he is now in the twilight of his life so even less likely he will invest long term. None of his kids want the business, they just want the cash like selling jets. And lastly even United does not want to be associated with his business model of running a business that believes everything should be run as cheaply as possible making the customer experience less than favorable, that is putting it politely. He will bow out as soon as United allows him to. Sorry Gojetter's.
Then why is United giving Mesa so much business? Because they’re cheaper then everyone else. They’re operation is terrible. No offense to any Mesa pilots. If GoJet ceased operations it will be for a lot of other reasons.
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