QuestionerExecutive Jet, once this becomes a mature business, would it be fair to say that its net margin should be about 5%?
WarrenWell, it's really anybody's guess. I mean, I don't expect Executive Jet to become a mature business for decades. I mean, there's a whole world out there on that one, and we have something over 2,000 customers in the United States at the current time. we have a little over 100, but in Europe, but there are tens and tens and tens of thousands and perhaps hundreds of thousands of people that, or businesses, where it does make sense over time. So it's going to be a long time. I mean, there are only 700 roughly jets a year being produced, and of course up until a few years ago that was limited to people who wanted to buy single planes. But you won't. change that output much in the next five years, but so you couldn't really take on, we can take on about 600 customers a year just in terms of the delivery schedule that we have built into our business. And we couldn't change that, we couldn't double that, because the planes simply aren't available in the next year or two, although we have orders further out. But I would say it'll be a long time until Executive Jet is a mature business. And I would say that a long, long time. I mean, we're going to, when we get Europe, as we make progress in Europe, we'll move to Asia, we'll move to Latin America over time. So we're going to be, we're going to be, I think, growing that business significantly for a very long time. When it becomes mature, or close to it, you know, if you're talking 5% after-tax margins, I'd say that that's probably a reasonable figure, but we're so far away from even thinking about that, that, you know, it's pure speculation.