Yes other fracs are growing. The Avantair guys claim they can barely keep up with demand. Rumor is that CitationAir is going to start hiring again.
I'd like to see the source of your 16% number. Even in the darkest of day of this recession, I never saw a number that high. Here's where I found the 8.6% number: http://www.google.com/publicdata/ex...ity:S&dl=en&hl=en&q=current+unemployment+rate
As you can see, the highest number in that graph is from the recession in the 80's when it got up to 10.8%
I think the owners like the pilots, but they aren't happy with NJA. Not only did they not like Sokol, the owners hated the man. Most of them are smart enough to know that Hansell is a branch from the same tree.
Check out the writings of Stephen Moore of the Wall Street Journal. Also, Arthur Laffer. Now, if Hansell's management philosophy is similar to Sokol's, then NetJets IS in trouble, because owners will go elsewhere.