Business Jet Traveler » October 2007

October 1, 2007
ExcelAire pilots Joseph Lepore and Jan Paladino were no-shows in São Paulo, Brazil, August 27 as court hearings began regarding the mid-air collision involving their Embraer Legacy 600 and a Gol Airlines Boeing 737. The Legacy landed safely at a military field but the airliner crashed in the Amazon, killing all 154 people aboard and creating a national furor over aviation safety.
October 1, 2007
Three thousand kilometers from tidewater, a porpoise surfaces. Then a foot-long skinny slasher of a fish grabs the streamer fly you strip through water the color of Lapsong tea and shreds it. Sweat runs down your nose. The February sun blazes.
October 1, 2007
Las Vegas topped the list of the most popular leisure destinations this past summer for participants in Flight Options' fractional ownership, aircraft management and charter
October 1, 2007
Activity in the second quarter of this year raised the order backlog at Hawker Beechcraft to a record $5.1 billion, roughly double what it was at this time last year. However, the purchase of Raytheon's aircraft division by GS Capital Partners and Onex Partners for $3.3 billion cash led to an operating loss of $36.6 million.
October 1, 2007
It can be difficult for the family on one side of a weather front, where the
In a recent discussion of sports with my British colleague Charles Alcock, he talked about England's historic admiration for what he described as the "gifted amateur." This was illustrated best in the 1981 movie Chariots of Fire, the story of Harold Abrahams, the gold-medal winner in the 100-meter dash at the 1924 Olympics.
October 1, 2007
Charter operator LyddAir has introduced Airshare, a fractional-ownership program offering pre-owned twin-engine piston and turboprop aircraft. At present, the fleet includes a pair of Piper PA31 Chieftains and a Beech Baron B58. The company, headquartered at Lydd Airport in southeastern England, is preparing to add a Hawker Beechcraft King Air 200.
October 1, 2007
At press time, Brazilian manufacturer Embraer was set to unveil a full-size mockup of its proposed next business jet at the NBAA Convention in Atlanta in late September. According to company president and CEO
October 1, 2007
When you're sitting in the back of a business jet, you're entrusting the aircraft and its pilots to deliver you safely to your destination. One big reason you can count on them to do that is because Federal Aviation Regulations (FARs) govern your flight.
October 1, 2007
“We didn’t plan it, but lo and behold, I found we were making money with the
Michael Pascucci wanted to go to Florida. Never mind that he was only 13 and supposed to be in school. He bought an old Ford from a neighbor for $45; taught himself to drive; skipped out of classes in Manhasset, N.Y.; and, along with three friends, headed south.
October 1, 2007
In the 1990s, a booming economy created fertile ground for fractional flying, a new form of private air travel that providers touted as having predictable costs and being much less expensive than full ownership.

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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