There are new rules that are proposed by the transportation safety administration, part of homeland security, that would treat private business aviation identically to commercial aviation. One of the results of this could be that if the rules are adopted treating private aviation the same as commercial aviation, Tiger Woods, nor any other professional golfer, nor any or golfer could carry their golf clubs on their airplane because the baggage compartment in the private jet is accessible from the passenger cabin and the clubs could theoretically be used as weapons even though they never have been. So Tiger Woods, he's gotta deal with NetJets. He flies around on G4s and G550s wherever he goes. If this rule is adopted down the road, he won't be able to take his golf clubs. Certain destinations he'll be required to take an air marshal. Every one of his passengers will have to go through a background check. Their privacy will be lost. Air marshals will be required on certain routes based on destinations. Once you have submitted your passenger manifest, there will be no changes allowed 90 minutes before departure.
In commercial aviation it's very simple to understand. Hundreds of people get on airplanes and nobody knows who they are. In private aviation, pretty much everybody getting on an airplane is known, the crew knows them, the owner knows them, they don't get on unless they're known by somebody, unless it's a charter, and then of course you can understand restrictions, perhaps, on charters. But if they're owned and operated --- or in the case of Tiger Woods, he's gotta deal with NetJets, he's a quasi-owner/operator. Friday is the last day for public comment on this and I've talked to a lot of people who have called their senators in Georgia and in Florida and other places, and they say, "Sorry, this is national security, national security, national security." There is obviously no sympathy for this. Nobody's got any sympathy for anybody that flies around on a business jet these days. But it's just one more example of the encroaching loss of freedom and government control over everything. Wall Street now is totally, totally dependent on central planners and what they say. <snipped>