““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 ”
Land almost anywhere
Two forthcoming light sport airplanes offer the aviation equivalent of the Swiss Army knife in terms of their versatility.
Able to alight on water, unpaved runways or even snow (with retractable skis), the Akoya from France's Lisa Airplanes is expected to carry its first passengers this summer. Priced under half a million dollars-including pilot training and three years of maintenance-the single-engine, piston-powered aircraft has a range of more than 800 nautical miles and is being touted by its manufacturer as the perfect mega-yacht accessory.
Icon's A5, another light amphibian, is currently undergoing flight testing and is expected to begin production next year. The Los Angeles manufacturer claims to have nearly 400 orders for the airplane, which uses the same engine as the Akoya but has a lower price (around $139,000) and shorter range (300 nautical miles).
Both airplanes have folding wings to ease transport and both require only an FAA Sport Pilot license, which restricts flights to daytime, good weather and uncongested airspace. While neither aircraft is particularly fast, either model could certainly help you reach your favorite waterfront destinations.