Flying

Exit: The Brightest Side of Private Flying

The Special Olympics Games have profoundly impacted millions of people. Aircraft owners and operators help make the events possible.

Money

Flying Away from State Sales Taxes

Sales taxes offer an easy way for states to raise revenue, and business jets are a favorite target.

People

Honeywell Chairman and CEO Dave Cote

When Honeywell International appointed Dave Cote as CEO and chairman in 2002, the world was in recession and the company was in dire straits. But Cote, whose hardscrabble New Hampshire childhood is well documented, was used to turning things around.

Time Off

Philadelphia Cricket Club

After a complete restoration, it features an expanded course layout that testifies to the genius of designer A.W. Tillinghast.

Bizav Basics

That new-airplane smell

When you’re buying a jet, months of work culminate the moment you sign the papers. You’re finished with research, analysis, due diligence and inspections. You’ve had the last of your consultations with brokers, attorneys, accountants, pilots and mechanics. The marathon has been run and now you can reap the rewards.

 

Quote/Unquote

““CEOs go to their vacation homes just after companies report favorable news, and CEOs return to headquarters right before subsequent news is released. More good news is released when CEOs are back at work, and CEOs appear not to leave headquarters at all if a firm has adverse news to disclose. When CEOs are away from the office, stock prices behave quietly with sharply lower volatility. Volatility increases immediately when CEOs return to work.” —David Yermack, a New York University finance professor, whose recently released study shows a correlation between when CEOs take their private jets on vacation and movements in their companies’ stock price ”

-David Yermack