Business Jet Traveler » June 2008

June 23, 2008
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June 1, 2008
Just a few years ago, the term "FBO" would have drawn blank stares throughout most of Asia. Today, the region is savvier about general aviation and more focused on making itself hospitable for private aircraft. Still, travelers should not expect Western-style infrastructure or support.
June 1, 2008
Travel to Asia and the Middle East has become a requirement for many businesses. But while the infrastructure to support business aviation in those areas is improving, it still presents unique challenges for private jet travelers.
June 1, 2008
The cost of buying an aircraft is rivaled only by the expense of maintaining it. If someone gave me a Gulfstream G550 for Christmas, I'd have to sell it immediately because just the expense of hangaring and insuring the aircraft, let alone flying it, would far exceed what I can afford. No wonder many people want to figure out a way to share the cost of business jets.
June 1, 2008
Golfers will fly to the Travelers Championship on a chartered Boeing 757.
To attract top-tier golfers to smaller tournaments scheduled around major PGA competitions, tour organizers have taken to offering free aircraft charters for the players. For the Travelers Championship to be held in June immediately after the U.S. Open, for example, tournament officials have chartered a Boeing 757 to whisk golfers and their guests from San Diego to Hartford, Conn.
June 1, 2008
"One customer showed us his rattlesnake boots and wanted his airplane done in
Nothing says luxury like leather. That's the gospel according to business jet interior designers and many of their customers. As a seat covering, leather wraps the passenger in butter-soft comfort. On bulkheads and sidewalls, leather softens the shine of exotic wood veneers and polished metals. Instead of screaming "money," the cabin softly whispers "success."
June 1, 2008
The Dish: Salad Niзoise, featuring seared ahi tuna on a bed of butter lettuce, surrounded by steamed red potatoes, cooked and refreshed green beans, tomatoes and a boiled egg. The dish is topped off by capers and kalamata olives and a dressing prepared from white wine vinegar, Dijon mustard, pepper, garlic crushed with salt and extra virgin olive oil.
June 1, 2008
AAI Acquisition has purchased bankrupt Adam Aircraft Industries for $10 million, having made the only bid for the composite twin turboprop and very light jet aircraft developer. The assets include prototype and unfinished A500 piston twins and A700 VLJs.
June 1, 2008
For those who go straight from business jet to boardroom-not to mention those whose aircraft are greeted on the ramp by paparazzi-looking good when you land means a lot.
June 1, 2008
A last-ditch referendum effort by Berlin Tempelhof Airport failed and the airport will almost certainly close October 31. Some 60 percent of voters favored keeping the downtown airport open, but they represented only 21 percent of the city's electors, short of the required 25 percent. The German Business Aviation Association is appealing.

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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