trying to turn a cruise ship quickly as opposed to a speed boat. “Being able to adjust with speed in order to keep the business sustainable at this point is crucial,” says Tivnan, comparing fractional programs to cruise ships that can’t turn quickly, as opposed to speed boats which can. Add in the many layers of bureaucracy, and it makes it difficult them to adapt to the times. Specifically, he points out how fractional companies rely on their own fleets of hundreds of aircraft, with thousands of pilots. Tivnan believes that fractional ownership will be particularly impacted, as business travelers in particular seek more flexible options.
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