The Jet2 expansion and diversification in the current market worries me. It smacks of desperation and pursuing any market to ensure survival. This is going to be a sea change for them as they are going to have to start paying real money for new aircraft which is something they have never done. Phillip Meeson made his initial money importing used cars and he has done the same with his aircraft. He has been very sharp by buying worthless aircraft and finding a market for them to exploit. How he will manage paying lease rates on new aircraft will be an interesting time, though I would imagine his standing in the city for success may deflect some of the pain in the short term.