That would depend on how much they are selling Global shares for vs. Ultra's... Also how much is the hourly fee, monthly fee, acquisition cost, operational cost to the company, so on and so on... I agree that a profitable company is what everyone needs.. But no pilot at NJA has the answers to those cost questions.. Sure there are pilots who think they do.. (On cue I'm sure someone will tell me they do in about 3 posts)
But on the flip side. The company could possibly be profitable with 50 planes..... Less maintenance, less overhead etc.. But do you really think that is good?
The company turning a profit is fine, but remember you see no part of that profit. So whether they make huge profits or minimal profits, you would still keep your job but reap no rewards. But a smaller company does guarantee 1 thing. Less jobs, less seniority for you and a negative work environment.
The Global may prove to be a winner, but IMO selling 1-2 Globals and maybe 3 Phenoms (and most likely just owners switching a/c) after a whole year of being announced isn't exactly like saying they are lining up at the door to purchase....
Bottom line I believe NJA will continue to shrink.... There are roughly 250-300 Citations, Hawkers, Gulfstreams that will most likely be disposed of... Thats alot of Phenoms and Globals and Challengers to try to make up the difference... History has proven that all orders are generally not exercised. And NJE is getting some of those orders....
Correct, as long as we acknowledge the shrinkage is due to the economy. I think the fractional model is strong and NJA is as solid as it can be during these worrisome times.