It is a complex economic discussion - on which Richard Aboulafia has but one of many opinions.
In a similar vein Warren Buffet holds the opinion that the Wright Brothers should have been shot at Kittyhawk!
These types of perspective ignore the immense value aviation - and projects that push the boundaries - contribute to society.
Given VLJs are only just commencing commercial operations both in Europe and in emerging economies across the globe it's rather premature to suggest that there is little value in the sector - or what the precise segmentation of that sector will look like
Straight from the powerpoint presentation to sceptical investment bankers....
If somebody started with one aircraft that they'd financed their house for and grew it on hard work and great customer service then they would get my best wishes. As it stands they want a "fleet" of 500's and 510's purchased by somebody else to play with.
The only difference from dayjet, blink and all the other VLJ startups would seem they pick you up at home.
Vern Rayburn's got a lot to bloody answer for
Good luck to them they'll need it