Hobbes
Well-known member
- Joined
- Oct 8, 2003
- Posts
- 189
You didn't answer the question.
Why are there so few fractionals if it is a successful business model, and why aren't the existing ones just overflowing with cash and record profits? For the amount of aircraft NJ has, the profit is pretty meager by corporate standards. And the rest are pretty much getting by. Do you really believe union intervention is going to help the industry?
Even the Wizard of Oz broke things down to the most simplistic issues. Magic wasn't needed in that fantasy movie was it? Unions won't create the magic you think they will. Be careful what you ask for...
Let's see, why are there so few fractionals? Could it be that there are only so many entities in the market for a fractional share of a business jet? Some economies of scale do make it so that there needs to be a certain threshold of owners/fractional shares at a given company for it to make sense, henceforth, the market only bears a certain number of fractionals.
Fractional ownership in other segments has sprung up and flourished, such as in small single engine airplane programs using Cirrus aircraft, etc.
The union WILL make the fractional pilot career in the business jet segment a viable career instead of the "stepping stone" position that MS has publicly stated he thinks it should be. NetJets has shown us that very clearly. Even before the 2005 contract they were unionized for YEARS (a decade or more? I am not sure) and it seems to not have destroyed their business plan or careers as they are still flourishing MANY years into being a union shop. Of course, you wouldn't see that, because to you, fractionals did not exist prior to 2005.
Oh yeah, we don't drink kool aid champ. We stand together and demand what is right. Big difference.