It isn't just Fred cutting to make a better bonus for himself and the others in upper management- all the fractionals except Avantair have been hammered since the melt down and have had massive levels of shareholder sell backs. If you don't have customers to support the airplanes you have to do something with them and since the market won't bear selling them all right away, the next cheapest alternative is to park airframes somewhere that at the least has low ramp fees. With less demand and less airframes needed you will obviously require less pilots and support staff to run the business. NJA has been lucky to get good participation in the furlough mitigation program and the pilots have been lucky to work for an employer that offered a program to avoid furloughs in the first place, but unless owners stop leaving the program faster than new owners come aboard they will have to furlough also. It sucks for the pilots and staff that get furloughed or fired, but it would be mismanagement not to do something to help slow the bleeding and unfortunately furloughs are often the easiest, though one of the most painful ways to do that. At least Flex management is doing a little something beyond just furloughing to help the company. The fracs have to go beyond just cutting employees and/ or man hours in order to survive and while parking airplanes may seem weak, at least it is something. Good luck all.