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Flexjet Union Drive on the move

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Hmm... there have been several leave and go over to NJ to "self destruct".

My dogs not in this fight, but your statement assumes that the parent companies of both FlexJets and NetJets are in similar financial situations and have equally deep pockets.

This is not the case. Berkshire Hathaway is profitable. As a matter of fact, yesterday's Wallstreet Journal called their BRKA stock a bargain at $100,000 a share. Thus, they can continue to withstand NetJets' losses.

On the other hand, Bombardier, FlexJet's parent company, is losing money and yesterday announced that they were laying off an additional 1330 employees after having just layed off 1980 people at their Montreal and Toronto plants and closing their Tucson location. They cannot long sustain losses from any quarter.

Bombardier's losses combined with FlexJet's narrow margins (for similar aircraft Flex purchase prices, monthly management fees and occupied hourly fees are significantly less than NetJets) may constitute a compelling reason not to increase operating expenses at this critical juncture for FlexJets future.


GV
 
My dogs not in this fight, but your statement assumes that the parent companies of both FlexJets and NetJets are in similar financial situations and have equally deep pockets.

They cannot long sustain losses from any quarter.

Bombardier's losses combined with FlexJet's narrow margins (for similar aircraft Flex purchase prices, monthly management fees and occupied hourly fees are significantly less than NetJets) may constitute a compelling reason not to increase operating expenses at this critical juncture for FlexJets future.


GV

GV,

I think the FlexJets pilots are in a stronger position than anyone else.

Who will sell Lears and Challengers on the Fractional market if Bombardier does not operate Flexjets?
 
My dogs not in this fight, but your statement assumes that the parent companies of both FlexJets and NetJets are in similar financial situations and have equally deep pockets.

This is not the case. Berkshire Hathaway is profitable. As a matter of fact, yesterday's Wallstreet Journal called their BRKA stock a bargain at $100,000 a share. Thus, they can continue to withstand NetJets' losses.

On the other hand, Bombardier, FlexJet's parent company, is losing money and yesterday announced that they were laying off an additional 1330 employees after having just layed off 1980 people at their Montreal and Toronto plants and closing their Tucson location. They cannot long sustain losses from any quarter.

Bombardier's losses combined with FlexJet's narrow margins (for similar aircraft Flex purchase prices, monthly management fees and occupied hourly fees are significantly less than NetJets) may constitute a compelling reason not to increase operating expenses at this critical juncture for FlexJets future.


GV

Site your source. Bombardier is NOT losing money.
 

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