Business Jet Traveler » October 2008

October 1, 2008
Wondair On Demand Aviation, an executive charter and aircraft management company in Valencia, Spain, since 1990, has launched fractional ownership, jet card and corporate shuttle programs. All of these operations will initially employ Wondair's three Cessna CJ1s and one Citation Ultra. Next August, the company will begin adding to the fleet a mix of 36 Embraer Phenom 100s and 300s.
October 1, 2008
Your keychain fob and polo shirt show pictures of your airplane, so why not the soda machine in your family/media room or hangar? That's the thinking from Denver-based American Soda Machines, which has made a business of restoring and customizing vintage pop vending machines.
October 1, 2008
Cessna Aircraft has delivered its 100th Citation Mustang. The buyer, Thai businessman Supap Puranitee, had put a deposit down on the very light jet the day the program was launched at the 2002 National Business Aviation Association Convention. The first Citation Mustang entered service in April 2007 and Cessna delivered 45 of them by the end of that year.

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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