RNO, I don't know many people in the business who doubt Embraer ability to bring a good product to the marketplace. The Legacy seems to be doing fine. Pilots always get their underwear in a uproar if anyone implies that they are somehow not necessary to the equation. Of couse they are an element but as the airlines prove daily, good pilots, bad pilots, good contract, bad contract, if you do not figure out the market and how to serve it effectively, losses will soon follow. The Fractional business starts with having something to sell fractions in. It is sort of essential to the whole game plan. No plane, no fractions, no customers, no pilots is sort of how it works...