Seems to me like a lot of you NJ guys are whistling past the graveyard. I remember hearing similar bravado from the guys at United and American in the late 90's. True, NetJets owners are not affected by the price of jet fuel. They are affected, I'd imagine, by the rest of the financial markets melting around them as we speak.

GM execs just got scolded for flying their corporate jets to Washington to beg for bailout money. How long until the same outrage is shared by some corporation's shareholders whose stock is in the toilet while the execs are jetting around the country at 20K a pop? The economic conditions that led to the growth of the fractionals are disappearing. Fast. What do you think happens next?

The "let's just not talk about that unpleasantness" approach won't change the reality of how ugly things could get.