Business Jet Traveler » December 2006

December 1, 2006
Challenger 604
After a two-year buying spree, business jet sales in 2006 reverted to a more typical cyclical pattern. Overall, sales remained strong, but the year was characterized by ups and downs. We witnessed a lackluster first quarter, followed by a buoyant second quarter and a summer slowdown.
December 1, 2006
In the late afternoon of Friday, September 29, an airliner and a business jet-both at 37,000 feet and approaching each other at a combined closing speed of some 1,000 mph-collided over Brazil. Tragically, the pilots of the airliner, a Boeing 737-800, were unable to keep it flying after the collision because of damage to the leading edge of the airplane's left wing.
December 1, 2006
Hawker 4000
Calling it "the most advanced super-midsize jet in the world today," Raytheon chairman and CEO Jim Schuster announced last month the certification of the Wichita, Kan. manufacturer's Hawker 4000, some 10 years after the model was announced. It features a 72-inch-high, 77-inch-wide flat-floor cabin and an aft baggage compartment that allows in-flight access.
December 1, 2006
Best Jets refurbishes Learjet 24s and 25s and modifies their engines in a way
an't wait for that new jet with the far-off delivery date? For less than the cost of most new models, you can purchase a previously owned Learjet with a comfortable new interior, fresh paint, long-lasting powerful engines and outstanding performance. There is at least one drawback-higher fuel consumption.
December 1, 2006
Fisher does onboard fittings for customers of NetJets, Blue Star Jets and Mar
You fly privately partly because you can't afford to waste precious hours to security lines and airline delays, so why would you spend any more time than necessary buying clothes? You probably wouldn't-which helps explain why businesses like Ted Fisher's are prospering.
December 1, 2006
BLR Aerospace has received a supplemental type certificate from the FAA for winglets that mean good news for King Air 300 owners. The Everett, Wash. company claims the winglets will increase the twin turboprop's cruise speed by five to eight knots, reduce fuel consumption 3.5 percent and increase the rate of climb by 300 feet per minute.
December 1, 2006
In the aftermath of the nonfatal collision of a Hawker 800XP and a sailplane
Over the last decade, business aviation safety has improved immensely. During that time, regulators have attempted to reduce accidents by introducing a variety of equipment, avionics and procedural requirements.
December 1, 2006
If you enjoy cooking, get out of the kitchen and head for Beaver Creek resort, 10 miles from Vail, Colo., where the annual Culinary Classic takes place from February 1 to 3.
December 1, 2006
"I must have been unconscious for two or three minutes," recalled Dean Mortimer, president of Ontario, Canada's Cloud Air charter service. "I woke up looking upside down at the bottom of the lake, yet inexplicably I released my seat belt and fell headfirst to the roof of the aircraft."
December 1, 2006
Race car driver Jesse Harris with BizJet International’s Bern Kowalewski and,
When it comes to a hot ride, it doesn't get much hotter on the ground than Jessie Harris' dragster, the Queen of Diamonds. A 6,000-lb thrust GE J-85-5 turbojet engine powers the dragster to speeds in excess of 300 mph.

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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