Ground-Support Facility Opens at Paris Le Bourget

Business Jet Traveler » December 2007
Saturday, December 1, 2007 - 4:00am

Signature Flight Support has opened its newly renovated facility at Le Bourget Airport in Paris. Formerly known as "Le Terminal," the upgraded operation includes passenger lounges with panoramic airport views, separate work and rest areas for crews, a private bar, dedicated concierge service and a private car park. The facility is a five-story complex with nearly 8,000 square feet of associated hangar space, large enough to accommodate a Global Express. The new facility complies with the latest European health, security and safety requirements.

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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