Originally Posted by
effsharp
with one of the world's top three richest men behind Netjets, no one can argue their financial position. fact is they lost 1 million per day last quarter and the fractional model seems to have a bleak future.
in terms of fractional players, Netjets is most likely the strongest due to Berkshire's other investments, but not due to their own business practice. the fractionals in genereal face a very uncertain future. it is becoming apparent to smart businessmen... not all cracked up to be... sort of the way of the timeshare condos
Are you serious? Fractionals have been around for some time now and are not going away anytime soon! It allows a business to have immediate access to a business jet much like if they owned one without the hassle and expense that comes along with it! It makes financial sense depending on the needs of the company. Many corporations have a need for a business jet but can't put it to full use. This of course costs the company big money when the aircraft is sitting on the ground. By sharing the costs with others in a similar position the company can save lots of money!