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Old 2nd Jun 2008, 23:31
  #116 (permalink)  
fearofflying
 
Join Date: May 2008
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I never said losing money was a recipe for success!

I said even an operation like Netjets lost money for years. I also never claimed that EBJ was looking or trying to be as big as Netjets but rather carve out its own market aimed a more price concious clients which it seems to be doing very successfully. These businesses take scale and time to build that scale and according to newsflow from EBJ they are on track to meet their targets and would have the had the backing in place before IPO to support them through to profitibility. Its well known that NetJets Europe ran cumulative losses of $212 million in its first 10 years of operation!

I would also say to you that EBJ might not be backed by Warren Buffet but according the many shareholder disclosures they do seem to be backed by some wealthy individuals.

I really do get the feeling that a lot of people on here are very nervous about how well EBJ are doing and therefore feel the need to be so vocal on their negatives when the reality is they have a lot more positives about them.
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