Flying

Exit: Honda Aircraft's wing thing

Rather than downplay the HondaJet’s unconventional look, with its over-the-wing engine mount (OTWEM), the manufacturer has chosen to embrace it. The new ad campaign features a series of clever images that suggest the frontal shape of the developmental jet, with appropriately positive connotations. Knowing the history of the HondaJet’s development, I love it.

Money

A plain-English guide to aviation insurance

Your aircraft represents a wonderful business tool but also one of your largest potential exposures to catastrophic loss—one that could wipe out what you have spent years building. The importance of properly insuring against such loss should be obvious. Here’s a look at the most critical coverage types and clauses.

People

Renaissance Woman Barbara Barrett

Barbara Barrett, CEO of Montana’s Triple Creek Ranch luxury resort, wears a cowboy hat but also many other hats: former U.S. ambassador to Finland, attorney, graduate school president, pilot, horsewoman, adventurer and astronaut.

Time Off

Teeing off in the tropics

Lush turf meets the sparkling sea at the Dominican Republic’s Corales Golf Club.

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