Nicely put Global.
Reading the hot air blooo hah about rivaling net jets is palpable bollux£s. Net jets are a cohesive world wide operation with centralised administration, marketing, training,crewing and ops.
Every time Lux buys another company it is doubling up again on overheads.....as it leaves all existing management structures, training, crewing and operations exactly as they were.
from anecdotal and direct comment from the guys and gals in LEA Lux head office is not remotely interested in getting involved at a local level, preferring to leave it to the existing organisation. You even have the ludicrous situation where lux companies are competing with each other for business!!!
For sure the lucky shareholders who sold out are laughing all the way to their bank..........but there is a dark side to all this as alluded to earlier.