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Old 02-19-2023 | 06:22 PM
  #40  
jtf560
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Joined: May 2006
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Originally Posted by FNGFO
Played the frac game for 11 years. Heard the rah, rah speech in long recurrent countless times. I’m sure the the ultra rich group has grown, but NJ’s isn’t about to double in size unless a few competitors cease operations.

But I hope you do as it will mean good times for all.
Covid was one of the best sales sources for the fracs ever. There have always been lots of people who were rich enough to reasonably use private aviation, but were ok with the airlines. Then they got scared and tried private aviation and got addicted. All the charter and fractional companies have been record busy for the last year and a half and cannot grow as fast as the demand is asking for due to lack of crew and lack of new airplanes. Not every company is making a profit, but the demand for massive growth is there. I believe NetJets will grow quite a bit, but I'm not convinced we will double in size, especially if they don't offer up a lot of money in a new contract. There could easily be enough demand finally, but NetJets management is actively starting to mess it up.
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