Vanity Plates

Business Jet Traveler » August 2008
Friday, August 1, 2008 - 5:00am

Some owners want to change the registration "numbers" (which include letters) on an
aircraft, perhaps to display their initials, to have an alphanumeric sequence matching other aircraft they own or for other reasons. You may select any unused registration number, with a few provisos. For example, some numbers are reserved and others aren't legal (such as any number starting in "0"). Changes in registration numbers are made after the FAA approves permanent registration. A title company can reserve and file the necessary paperwork. The FAA fee for a change in registration number is $10. Once the documents have been filed, the agency grants approval within 30 days. (The aircraft's transponder must be restrapped to the new number.)

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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