Business Jet Traveler » April 2009

June 1, 2009
This car can turn into an airplane as quickly as Clark Kent changes clothes.
The Transition "roadable" aircraft-which can be converted from a car to an airplane or vice versa in less than 30 seconds-made its debut flight on March 5. The trip aloft was the first of several exercises in which the vehicle will be flown only over a runway, according to manufacturer Terrafugia, a Woburn, Mass. startup firm.
June 1, 2009
A citation bravo costs far less to operate than a global 5000, a potential pr
One seemingly enticing opportunity for business jet owners presented by the Federal Aviation Regulations (FARs) is the interchange agreement. The rule lets you "interchange" your jet with someone else's, allowing you, in the FAA's words, "to augment or more fully utilize" your aircraft.
June 1, 2009
CitationShares, Cessna's fractional ownership, membership card and aircraft management services division, has announced a three-year, 100-percent residual-value guarantee on new purchases of preowned shares. The guarantee applies to one-sixteenth shares (50 hours a year of flying time) or larger and may be exercised in months 13 through 36 of the contract.
June 1, 2009
Manufacturers delivered 191 business jets in the first quarter of this year, according to the General Aviation Manufacturers Association. The figure represents a large decline from the record-setting 297 deliveries in the same period last year. In the turboprop segment, first-quarter deliveries rose slightly from 85 last year to 87 in 2009.
June 1, 2009
PremiAir helicopter service has announced the London Heliport Shuttle to provide transportation between London Heliport in Battersea and the UK's business aviation airports. According to the company, the launch recognizes that "some 40 percent of PremiAir's helicopter traffic now connects with private jet arrivals into UK airports."
April 7, 2009
Listen to Suze Orman's entire interview with Business Jet Traveler's Jeff Burger, as recorded at the CNBC studio in New Jersey. The audio file includes considerable material that we didn't have room for in the published article.
April 1, 2009
Business aviation has been taking it on the chin ever since Congress began pummeling the Big Three auto CEOs in December. Now any company that has taken bailout money is fair game for similar direct hits, if there is even a hint that it might be using business aviation to make itself more efficient. Citigroup unintentionally grabbed the spotlight with its order for a Dassault Falcon 7X.
April 1, 2009
The National Business Aviation Association and General Aviation Manufacturers Association have swept the dust off the slogan "No Plane, No Gain," which the trade groups first used in 1993 to highlight the benefits of business aircraft.
April 1, 2009
“How do they spend their time when they’re waiting for a flight? Do they play
You might think that the recession and resultant glut of pilots would be a good thing if you're in hiring mode, and in a sense it is because it means you'll have plenty of applicants. But that can be bad news, too, because a large field of candidates can be tough to sift through.
April 1, 2009
For the first time in five years, worldwide deliveries of general aviation airplanes declined in 2008, dragged down by slumping piston deliveries, but business jet and turboprop shipments increased by double digits.

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Quote/Unquote

““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