Contemplating NetJets Big Buys

The recent announcement from NetJets about ordering up to 120 Bombardier business jets, when combined with the order last fall for as many as 125 Embraer Phenom 300s signaled to many the start of recovery for both the formerly hard-pressed fractional and for the business aviation industry. And they are positive indicators, to be sure. But there are elements to consider. First, the so-called firm...