“"I've got a list of corporations that have gotten out of their airplanes [because of criticism from politicians]. It is the stupidest thing I've ever seen. When you look at the time and cost savings; it does not make sense not to fly [privately]. You can't let public perception interfere with your business decision to fly. It either is a good business decision or it isn't."”
Report Forecasts Weak Decade for Business Jets
Brian Foley Associates has completed its 10-year Business Aviation Market Brief & 10-year Jet Forecast and the news isn't good. "Virtually any start-up air taxi, charter or fractional program will be extremely challenged by the current economic environment," according to the Sparta, N.J. firm. "In our view, a sizeable number of these entities will disappear or indefinitely defer orders, greatly complicating the lives of OEMs with exposure to this segment in the form of unsold product. The manufacturers also risk order deferrals, even from the sound, established fractional providers who can postpone deliveries."