Net Jets is now a Legacy Charter?
It sure seems like it. The small part 135 operators are undercutting Net Jets according to prior postings. This market is starting to look like the airline legacy operators fighting off low cost startups. Net Jets as legacy and small operators as the low cost operators. Even if the smaller operators burn through their cash and go out of business a new one springs up. Kind of like the carnival game where frogs pop up and you bop them down with a hammer.
Nets Jets will have to re-evalute their business plan. It seems like nowadays time cycles get compressed. Things now happen in Internet time.