Will Net Jets survive?
#1
Gets Weekends Off
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Joined APC: Aug 2008
Posts: 195
Will Net Jets survive?
Even before 9/15 Warren Buffet had nasty remarks about the aviation business. Everyone is getting slammed by this recession and they way I see it, unless an operation and customers has deep pockets they won't make it. Customers of Net Jets are marginal clients to begin with and I think this downturn will take them out.
#6
Even before 9/15 Warren Buffet had nasty remarks about the aviation business. Everyone is getting slammed by this recession and they way I see it, unless an operation and customers has deep pockets they won't make it. Customers of Net Jets are marginal clients to begin with and I think this downturn will take them out.
At company recurrent, one of our execs that spoke to my class said sales were off by 10% from the 2007 numbers, but we'll still finish the year posting a profit. I'm not so sure about the rest of the fractional industry because in the same sentence he said sales for our competition are off as much as 40%.
FWIW
I've worked for 2 different airlines that had filed for bankruptcy, then eventually liquidated. -- I'm no expert, but I've noticed certain patterns and "warning signs" that seem to surface when a company starts the "downward slide." So far, I have yet to see anything remotely familiar on that front. Nothing is certain, but I'm not worried about his place.
#7
Thats what's beautiful about NetJets business plan. If I have enough money to purchase a share in any jet...do you really think I care whether Jet A is $2 or $7? NJ's customers aren't like the people who bought more house than they could afford, I bet most could buy a whole jet if they really needed to.
#8
Even before 9/15 Warren Buffet had nasty remarks about the aviation business. Everyone is getting slammed by this recession and they way I see it, unless an operation and customers has deep pockets they won't make it. Customers of Net Jets are marginal clients to begin with and I think this downturn will take them out.
"customers of Netjets are marginal and this downturn will take them out".. I don't even know what to say...
Anyway AirbusA320, I assume your company is doing very well, seeing as you have time to worry about us....
#10
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