Business Jet Traveler » December 2009

December 1, 2009
AMERICA'S ECONOMIC DOWNTURN has dealt a crippling blow to the fractional-share industry. Rapidly declining used-aircraft prices and fewer flying hours over the past year have forced fractional operators to defer aircraft deliveries, cut staff and explore new ways to keep flying.

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Quote/Unquote

“"Not everything can fly. We will not install a swimming pool or a fireplace. That is not possible."”

-Walter Heerdt of Lufthansa Technik