Originally Posted by
EatMyShorts!
I am just a stupid pilot, we pay our managers a lot of money to do this kind of stuff, to have a vision, a strategy. Not to just panic and cut costs the easiest way, while there are better ways to achieve almost the same.
And of course, RIGHT NOW there are not so many good deals yet, but sooner or later manufacturers will be more willing to offer good deals that would make a good investment into the future. It's like with regular shares, buy low, sell high, don't stay behind the power curve.
And exactly thats the question. We know from every crisis before that it CAN be a chance as well!
The thing is, NetJets either doesn't see chances in future or it is just panicking...
The fact that Berkshire Heathaway does not fund NetJets anymore is a bit worrying because if they want they can easily effort it. Berkshire Heathaway got a CASH! ammount of 128 BILLION dollar. So either both are not expecting any chances here. For whatever reason. Or it is as eatmyshorts said, NetJets is just panicking because they lost their funding.