Larry Flynn communicates well to large groups and knows how to control the room during press conferences, even when the main language spoken is not his own. General Dynamics undoubtedly took note of that talent when it named him president of Gulfstream in 2011. Today, he oversees more than 14,000 employees worldwide—including approximately 8,400 in Savannah, Georgia—and also serves as vice president of parent company General Dynamics Corp. Flynn, who joined Gulfstream in 1995, credits much of his management expertise to years of intense study, dedication and hard work.
Hopscotch Air, a small charter operator that uses five-seat single-engine Cirrus light airplanes, just celebrated its fifth anniversary, a notable accomplishment in this economy. The company—which focuses on short flights, primarily within a 300-mile radius of New York City—serves destinations throughout New England and as far south and west as Washington, D.C., and most of Ohio.
To start writing off your newly acquired jet for tax purposes in the U.S. you have to do more than buy it; you have to “place it in service” in your business. In recent years, the availability of “bonus” depreciation has only upped the ante on satisfying this Internal Revenue Service requirement.
One of architecture’s greatest minds talks about why that field matters—and why business jets do, too.
You don't have to buy or lease a Lamborghini to get behind the wheel. Just arrange a rental
Hindsight is 20/20—and in the fractional-share business, foresight may at best be about 20/1,000. In a market like today’s and with a rapidly evolving product like fractional, even the most seasoned insiders seem to lack a clear sense of what’s next.
“When you get into the larger aircraft it becomes like a hotel, with dozens of staff supporting the plane based in a galley area down below. You have very comprehensive cooking facilities, and on larger aircraft we have looked at theatres, with spiral staircases and a Steinway grand piano. The limitations for what you can put inside a plane are pretty much the limits of physics, and even money cannot always overcome that. Even so, people are still always trying to push [the limits]. ”