Majik
Well-known member
- Joined
- Nov 30, 2001
- Posts
- 320
It might seem "moronic" if you didn't understand the difference between fractional ownership and airline revenue flying. Whether a person owns a share or is purchasing blocks of time from Marquis (who owns the shares), the aircraft is owned and the monthly management fee is paid. It would actually save a fractional company money if the owners didn't use their flight hours. Management fees still get paid but the fractional company no longer has the cost of repositioning fees and many other expenses associated with actually operating the aircraft.Biggest moronic statement I have seen on here yet. There are many, many of your owners who ARE susceptible to a significant downturn in the world wide econony. Many Ultra owners who fly for business, for example, and will throttle way back on fractional flying if business needs dictate. To say that this demographic is immune from the world economy, fuel prices, etc is ignorant.
Sounds like UAL and DAL union leaders in 2001.
Now those owners could sell their share to someone else but they can't just quit the program unless they file for bankruptcy. Now if the richest people in the world are filing bankruptcy, imagine the state of the airline industry and the impact on the common man by the time that happens. Still seem moronic?
What you might see is no new growth in sales but that's about it.