““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 ”
The 11th staging of the Dubai Airshow will take place from November 15 to 19 at the Airport Expo Centre in Dubai, UAE. In past years the event has focused on military and commercial aviation, but business aviation has been making its presence felt. At the 2007 event (the show is held every two years) private and corporate jet sales reached $2.7 billion.
Organizers expect this year's event to be bigger-at least in terms of space-than the previous record-setting event and have added another exhibit hall. At press time, more than 100 business aviation companies-including Bombardier, Hawker Beechcraft and Gulfstream-had committed to a presence at the event.
Aviation International News, a sister publication of Business Jet Traveler, will publish daily issues at the event and post the news online at www.ainonline.com.
For more information, visit www.dubaiairshow.aero.