Business Jet Traveler » April 2008

April 1, 2008
Since suspending development of the two-seat Javelin very light jet program in late December, the board of directors at Aviation Technology Group of Englewood, Colo., has continued to negotiate with Israel Aerospace Industries (its strategic partner) and financial institutions.
April 1, 2008
You know where you went this past winter. Ever wonder where everyone else was headed? Wonder no longer. Private jet fractional and charter operator Flight Options has released its annual list of the top 10 December private jet destinations.
April 1, 2008
A truly "quiet" cabin is a goal yet to be realized, but those in the thermal/
The transition from office or home to the cabin of a private aircraft should be effortless and comfortable. With that in mind, designers and engineers continue to seek ways to make business jet cabins as plush and inviting as the environments you've come to appreciate on the ground.
April 1, 2008
In his annual letter to Berkshire Hathaway shareholders, investment mogul Warren Buffett said the company's flight-services division-which includes fractional provider NetJets and aviation training company FlightSafety International-set a record last year with pre-tax earnings increasing 49 percent to $547 million.
April 1, 2008
Millions of people worldwide wear medical-alert jewelry-bracelets, pendants, dog tags-to notify emergency personnel about conditions ranging from diabetes to epilepsy. Now several companies have taken the idea a step further with introduction of the medical-alert computer flash drive.
April 1, 2008
In recent months, Boeing Business Jet prices started bumping up by an incredi
The continuing low-interest-rate environment coupled with a weak U.S. dollar against many international currencies and long backlogs of orders for new jets continue to buoy the used-aircraft market.
April 1, 2008
The National Transportation Safety Board has called the FAA's response "unacceptable" to four out of six NTSB safety recommendations addressing fatigue and duty-time limitations.
April 1, 2008
Geneva, Switzerland, will once again host the European Business Aviation Convention and Exhibition (EBACE), held May 20 through 22. Organized jointly by the European Business Aviation Association and the U.S. National Business Aviation Association (NBAA), the convention has become the premier event for business aviation in Europe since it was launched in 2001.
April 1, 2008
Bonus depreciation can save you a lot on taxes–or not. It all depends on your
Bonus depreciation was introduced in the so-called Job Creation and Worker Assistance Act of 2002 in response to the economic malaise following 9/11. Under that act, if you contracted to purchase a factory-new aircraft on or after 9/11 and satisfied certain other requirements, you could start your tax depreciation with a 30-percent "bonus" amount in year one.
April 1, 2008
Adam Aircraft of Englewood, Colo., suspended operations on February 11 and four days later filed Chapter 7 bankruptcy, meaning the company will be liquidated. Adam had certified the A500 piston twin and was working on certification of the A700 very light jet.

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Quote/Unquote

“[New billionaires in fast-growing countries] have to buy longer-range airplanes. If you’re flying from Mongolia to Nigeria, it’s either a three-day journey flying commercial or a nine-hour flight on your jet.”

-Steve Varsano