““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 ”
Aircraft Guide 2011
As soon as its first owner departs from the manufacturer’s delivery center, a new airplane technically become used (or pre-owned). For various reasons, however, 10 years after an aircraft’s production date is generally considered the milestone separating “newer” used business aircraft from “older” ones.
In deciding which aircraft to cover, we went a bit past this 10-year mark to provide information on all business airplanes and helicopters manufactured since 1993. This means our list includes models manufactured well before that year, as long as they were produced as recently as 1993. The youngest of these models is 17 years old and still of interest to many users. Some models manufactured for many years before 1993 are included, too, because a long production run is indicative of a successful aircraft. In addition, we added the new models that we could reasonably expect to be certified and go into production soon.
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