Flexjet Offers Fuel Credit to Share Buyers

Learjet 60XR
Flexjet share buyers qualify for free fuel until April 30, 2012.
Wednesday, February 15, 2012 - 4:15pm

Until April 30, fractional provider Flexjet is offering free fuel to share purchasers. Customers buying a 1/16th share in a Learjet will be credited with the fuel needed for 12 hours of flying, while those purchasing a 1/16th share in a Challenger will receive a fuel credit good for 25 hours of flying.

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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