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Not to jump in on this thread, but this really is all normal. No I am not management at Avant Air, I don't even work for a fractional operator anymore. But, I have been through all this before. Fractional is barely a profitable model in the first place. Now add the fact that you had a bad CEO, there really was no great direction then for you guys. So, yeah I am sure you are losing money and I am sure there are maintenance facilities not being paid. But Avant Air of all Fractional operators has the best chance to be very successful. Being that you have a great product and only one type of aircraft.
Someone will definitely jump in and take this company to new heights. Net Jets has been in the business for over 15 years and they are still not making money. They have never made a profit in operations, they make up for it in sales. But the outcome is still not profitable. They do say they will make a profit this year, but that is because of their sales. We will see if that actually happens. We all know FO has its problems as well, but one day they will get it under control. (may be a very long time)
Avant Air has the best shot at making some serious money. They just need a person who has great vision and can make it happen. Changes are on the way, Avant Air will be on the up and up. You are just going through a rough period right now, but it is no reason to jump ship. I do wish you all the best. Hang in there and don't listen to what everyone says. It only makes everything worse.
Not to jump in on this thread, but this really is all normal. No I am not management at Avant Air, I don't even work for a fractional operator anymore. But, I have been through all this before. Fractional is barely a profitable model in the first place. Now add the fact that you had a bad CEO, there really was no great direction then for you guys. So, yeah I am sure you are losing money and I am sure there are maintenance facilities not being paid. But Avant Air of all Fractional operators has the best chance to be very successful. Being that you have a great product and only one type of aircraft.
Someone will definitely jump in and take this company to new heights. Net Jets has been in the business for over 15 years and they are still not making money. They have never made a profit in operations, they make up for it in sales. But the outcome is still not profitable. They do say they will make a profit this year, but that is because of their sales. We will see if that actually happens. We all know FO has its problems as well, but one day they will get it under control. (may be a very long time)
Avant Air has the best shot at making some serious money. They just need a person who has great vision and can make it happen. Changes are on the way, Avant Air will be on the up and up. You are just going through a rough period right now, but it is no reason to jump ship. I do wish you all the best. Hang in there and don't listen to what everyone says. It only makes everything worse.
Two weeks to NBAA!!
Easy on him Puke ....spelling aside, ILM's post actually gave me something to look forward too! hahaa And he happens to be right, read a great series of articles about Fracs in general ...the general belief was that they dont make money from Ops, only sales ...which means they must grow or die on the vine. And we have to admit, the owners do love the P180! I do too...just wish the company wouldnt try making it out to be a mid-size jet (quote from an owner there actually)!
Two weeks to NBAA!!