XOJet cutting back CL300 order

[captain dad]

I agree. The sky is not falling but life could be better and has been in the, not so distant, past.

All of what is coming and all I claim to know is just another, in a long line of forecasts and projections. No one really knows. The ones who are in the know don't even know. We all just work hard, do our best, and hope it all works out.

Glad to be here boss.

 

[GSXR600]

Soo... for all of u XO guys how many 300's are u really getting this year after the cut back?

 

[EdAtTheAirport]

Where do you get your economic news from big bird on sesame street??? The ecomony isn't doing wonderful and things could get worse before they get better.

RNO (and Trash), you're the kind of guys I was talking about. Your rhetoric about Big Bird would make you a great speech writer for the Obama campaign, but people lined up outside Fry's to load their new TVs (and myself a 24" monitor) has substance!

You guys are the kind who wait for someone to tell you that times are good. Good luck with that. ("Honey, this is the good part. Enjoy it.")

You can parse all of the percentage-of-GDP bullcrap that you wish, but my analysis of the economy is far more simple.

What's the occupancy rate over at John Ascuaga's this weekend? There's your economy, Bro!

 

[SennaP1]

For anybody looking for something to do, go to the mall, and tell me what you see. I bet your malls and restaurants are full, too. Conclusion: The economy is doing wonderful; this is nothing more than election year brainwashing.


My 2 cents.

Credit Cards. It's not real money.

 

[Trash8Mofo]

RNO (and Trash), you're the kind of guys I was talking about. Your rhetoric about Big Bird would make you a great speech writer for the Obama campaign, but people lined up outside Fry's to load their new TVs (and myself a 24" monitor) has substance!

You can parse all of the percentage-of-GDP bullcrap that you wish, but my analysis of the economy is far more simple.

Of course they are loading up new TVs at Fry's, what else would they be buying? Lobsters? You go to Tiffany and everybody is buying diamonds, I guess the American middle class has won the jackpot!

we may FEEL that the economy is doing wonderful since we are in the fractional world, and things has indeed been going well in the last few years. But I don't think that your brothers from LCCs, Majors, and Regionals can agree with you. I don't think that the CNBC crowds, who are usually Republicans, can agree with you being that the market is off 20% from the peak.

Its funny that you bet your life on science everyday at work; lift and drag, Bernoulli's theorem, etc. After all, they are only theories and may or may not be true. Meanwhile, you'd say "please don't let the facts and numbers confuse me." You are a complicated man

 

[learflyer]

I'm with Ed. You guys need to stop watching the negative a$$ news. If you guys think were in a recession now, you're nuts. It's not that bad out there. I'm not the rah rah Tony Robbins type either. You know when it'll be bad? If Obama gets voted in. He's going to send .07% of the GNP (yearly) to OTHER poor nations to bail them out!

 

[t-bone]

Soo... for all of u XO guys how many 300's are u really getting this year after the cut back?

There has been no announcement of any kind regarding 300 cancellations. We're still on track for 3 deliveries this year.

 

[captain dad]

The value of the dollar and every economist including my boss says we are in a recession but you guys know better. I am sorry I don't usually do this but I can't be silent about something so important.

The Iraq War costs the U.S. $3,000,000,000.00 a month not including the cost in U.S. blood and suffering while the Iraq government has a $72 Billion surplus. McCain says everything is fine, his plan is to stay in Iraq indefinitely and his financial advisor, (who called us a bunch of whiners, was fired and then quietly rehired, and oh by the way helped cause the preditory mortgage crisis) plans more tax breaks for the oil companies and raise taxes on the middle class, while voting 20 plus times in a row against increasing VA benefits. He is sending our troops and some of my friends into harms way but doesn't want to take care of them when they come home missing an arm or leg. How can anyone vote for that?

Oh, by the way, McSame and the rest of the GOP also support open skies and cabotage, so if you like your job and want salaries to go up you better vote Democrat. Build the fence but let everyone that wants to fly over it...sounds like a bait and switch to me.

I suggest educating yourself before blindly believing the Republican BS. Spend a little time and do some research. You won't have to look long.

http://images.search.yahoo.com/imag...&sigi=11g70ti4l&sigb=13j0denjf&sigh=11663dg0s

But what does this have to do with XO Jet?

 

[gunfyter]

Unfortunately I have seen reported economic growth of an estimated +3.3% GDP rate for last quarter.

Positive growth does not a recession make. So your boss is technically incorrect.

US economy shows vigor in Q2, but seen flagging ​

Reuters​

WASHINGTON - Strong exports and consumer spending supported by government stimulus checks drove the US economy up at a solid 3.3 percent annual rate in the second quarter, much faster than first thought, but growth is expected to flag as those factors fade.​

The US Commerce Department on Thursday said consumer spending and net exports were more vigorous than initially estimated and that inventories fell less sharply. A month ago, it said US gross domestic product had expanded at a 1.9 percent rate in the quarter.​

The upward revision was much sharper than analysts had expected and added to evidence the US economy may skirt the downturn many had forecast as a result of a deep decline in housing markets, tight credit and high energy and food prices.​

"It's clear that the second quarter not only wasn't a recession quarter, it was actually a very robust quarter," said Michael Englund, chief economist for Action Economics in Boulder, Colorado.
​

 

[RNObased]

RNO (and Trash), you're the kind of guys I was talking about. Your rhetoric about Big Bird would make you a great speech writer for the Obama campaign, but people lined up outside Fry's to load their new TVs (and myself a 24" monitor) has substance!

You guys are the kind who wait for someone to tell you that times are good. Good luck with that. ("Honey, this is the good part. Enjoy it.")

You can parse all of the percentage-of-GDP bullcrap that you wish, but my analysis of the economy is far more simple.

What's the occupancy rate over at John Ascuaga's this weekend? There's your economy, Bro!

You call it rhetoric if you want, but buying a TV is a far cry, from buying a car, a house, a vacation home, things that take real money and credit, not just a credit card with a $5,000 limit.

Your analysis of the ecomony is very simple and limited if you use a trip to a electronics store as your benchmark. Educate yourself please.

As for the Obama comment that is laughable also.

 

[LarryinTN]

The media has reported on 19 of our last 2 recessions.

 

[Publishers]

The other night, we went out to eat at The Original Steak House in South Florida. It had closed. I just got a tax information sheet that says a condo we own dropped $50k in value in 12 months. The mall here other than a holiday weekend resembles Death Valley during a heat spell.
The economy is great.

 

[gunfyter]

Malls are packed in San Antonio. Home values are UP! Again! I try not to go out to eat in the evenings because its hard to find a parking spot and when you do the wait to get a seat in restaurants is too long for me.

First year teachers salaries are going up 20% this year. They are building giant size first class new High Schools.

Yiiiihaaaagghhh

 

[learflyer]

The other night, we went out to eat at The Original Steak House in South Florida. It had closed. I just got a tax information sheet that says a condo we own dropped $50k in value in 12 months. The mall here other than a holiday weekend resembles Death Valley during a heat spell.
The economy is great.

The real estate market doesn't suck because of a bad economy, its because of the sub-prime lending.

 

[GSXR600]

There has been no announcement of any kind regarding 300 cancellations. We're still on track for 3 deliveries this year.

Wasn't it 30 or so the order?? how come only 3?

I know bombardier is soo behind on this A/C order, they can't building them fast enough to the customers, but I thought you guys were getting at least a bigger part of the pie!

 

[clydefastly]

3 for this year (2008). More next year.

 

[flyzimex]

Malls are packed in San Antonio. Home values are UP! Again! I try not to go out to eat in the evenings because its hard to find a parking spot and when you do the wait to get a seat in restaurants is too long for me.

First year teachers salaries are going up 20% this year. They are building giant size first class new High Schools.

Yiiiihaaaagghhh

Texas overall is doing very well compared to the rest of the country. There was a list published on CNBC.com not long ago that was comparing the economy of every state. Texas came out on top. We haven't had the crazy rise in real estate like the hardest hit states and thus not the fall either.

Dallas alone is said to create 20% of all of the nations new jobs. If that's actually the case it's quite impressive. It's cheaper for companies to be based in a Texan city, and companies don't have to pay as high salaries to their employes due to the low cost of living.

$300 000 gets you quite a nice house (at least in Dallas), but check what it gets you in the North East, California and other expensive areas where prices have rocketed over the last few years.

FZ

 

[Partyfoul]

Hey Captain Dad,

You obviously have not worked for Netjets that long if you still believe anything OS says or one of our sales reps.

 

[FLYLOW22]

Yes, and old news. Every fractional is deferring aircraft deliveries due to significantly reduced owner demand. Yes, even netjet.
As GHW Bush said, "It's the economy, stupid."

NetJets has not slowed. We have maintained the delivery schedule.

 

[t-bone]

NetJets has not slowed. We have maintained the delivery schedule.

Is there any correlation with your delivery schedule and the guy in the other thread complaining about too much standby and multiple airplanes sitting around? Are your EJM managed airplanes getting as much sell-off flying as they used to?