Flying

NetJets Begins China Operations

NetJets has planned since at least 2012 to expand into mainland China.

Money

PREOWNED MARKET ANNUAL REPORT: Reasons to be wary, but also hopeful

While professionals can point to indications of a turning preowned market, many have had their hopes dashed too many times in recent years to see the glass as half full.

People

A Conversation with NTSB Member Earl Weener

Earl Weener is one of three active pilots on the National Transportation Safety Board.

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