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.

 

You will probably get more responses ( or blowbacks) if you posted this question in the fractional section.

 

Ahhhh...????

Nevermind....

 

It was originally posted in the part 135 section.

 

Wait for it.......wait for it.....wait.......! I have my beer now.


EXTW

 

I know Buffett had nasty things to say about the AIRLINE business (in the aftermath of his experience with US Air), but last time I checked, he's never said anything negative about NetJets.

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.

 

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.

 

Threads like this are not cool. I don't know what type of answers people are looking for. Everyone is nervous/anxiuos about our economy and everything going on in the world right now. Why do people start threads like- "will company X survive", or my favorite, "who's the next company to go"?..... who needs that in this environment??.

"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....

 

Amen brother, shut this thread down.

 

Unfortunately - the thread hasn't really violated any TOS, so if you would like to see this thread die - then just don't view it (or if you do) don't respond to it and it will die a quick death.

USMCFLYR