Flight Options and Starlink to partner

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

Cleveland-based Flight Options has joined Montreal-based Starlink Aviation to form Flight Options Canada, which the companies claim will offer a seamless, expanded network of private jet travel facilities and services on both sides of the border. For U.S. residents who travel to, from and within Canada, the partnership's operations will supplement Flight Options' fleet of 130 aircraft, providing greater travel flexibility. It will also allow Canadian users to benefit from expansion of Flight Options' JetPASS membership program.

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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