Update on Netjets

[dbarton]

Netjets CEO, Richard Santulli held an open forum last week in Columbus. It was open to all employees. He stated that we are going to hire 200 pilots in 2003. He continued by stating that aircraft deliveries will continue as scheduled and that the downturn in the economy has cost us 30 airplanes worth of customers, which he said that he and Warren Buffett had projected. With the current senority list is pushing 1900 pilots, he had no real bad news and said that the negotiations with the union were proceeding satisfactorily.