Beijing Airport will get an FBO

Business Jet Traveler » June 2008
Sunday, June 1, 2008 - 5:00am

Swiss-based Jet Aviation and Beijing-based Deer Air will jointly operate an
FBO and provide line maintenance at Beijing's Capital International Airport. Construction of the 35,475-square-foot FBO has begun and ground handling
and limited line maintenance services
will be available in time for the Olympic Games, to be held in Beijing this August. Another 64,500 square feet of hangar facilities are scheduled for completion
in early 2009. Services will include
weather briefing, flight planning,
customs clearance, security checks and
baggage screening.
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““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