For Whom The Bell’s Tolled - AVweb

I am going to lead off with a totally political opinion on the American version of capitalism. It has now become a system that privatized profits but socialized losses.

The US airlines are the poster child for this. Instead of building a cash cushion for the inevitable downturn, they used the good times to borrow money to buy back stock to juice the quarterly return and exec bonuses. But not to worry American citizens tax dollars were always there to bail them out…

With respect to Chinese investment in GA, well all I can say is the party is over and the Chinese are pulling out because there is no money to be made. So when the investors that are supposed to have the “long view” are giving up, well that does not bode well for the future of light aircraft production…