Business Jet Traveler » October 2010

October 1, 2010
The new
October 1, 2010
From the dictionary: "intangible:...that which cannot be easily defined, formulated or grasped." When it comes to assessing much of the value in flying privately, that term is dead on. True, there are software programs like Travel$ense from the National Business Aviation Association that can help make a strong financial case for business aviation.
October 1, 2010
Most business jet entertainment systems have long accommodated iPods, and the iPad is a natural addition, allowing travelers to bring their entertainment and even work content on board in a compact lightweight package.
October 1, 2010
We can leave Pittsburg [where our jets are based] and arrive at our destination quicker than we can get to the nearest commercial airport [which is two hours away].  --Ken Brock, CEO of Pittsburg, Kan.-based Names and Numbers
October 1, 2010
Business aviation's biggest event-the annual National Business Aviation Association Convention-will be held in Atlanta this year, October 19 to 21. The Georgia World Congress Center will host the exhibits and more than 100 education and maintenance and operation sessions while DeKalb-Peachtree Airport will present the static display of aircraft.
October 1, 2010
Remember the CEOs from Chrysler, Ford and GM who flew on business jets to Washington to testify before a Congressional committee in the fall of 2008? Pressed to explain their use of corporate aircraft, they all looked and sounded as if they'd been caught doing something wrong.
October 1, 2010
"Once you have sipped the sweet nectar of freedom, you don't go back. If I had to fly commercial and could stay in the suite in the top of a hotel or take a private plane and stay in just a room, I'd say, 'Give me the plane.' The airport experience is an on­going, deteriorating horror story." --political consultant James Carville  
October 1, 2010
If you fly only 100 hours per year, don't expect owning your own jet to be co
ELSEWHERE IN THIS ISSUE, YOU'LL FIND PLENTY of discussion about the tangible and intangible benefits of using business aviation, but what about the expenses? Nobody ever said flying privately is cheap, but the good news is that it can be less costly than you might think-if you take steps to minimize expenses.
October 1, 2010
Supporters of business aviation often point out that there are more than 5,000 airports in the U.S. that are accessible by general aviation aircraft. But that figure includes everything from large international airline hubs to tiny grass strips.
October 1, 2010
ALL TRANSPORTATION METHODS INVOLVE some risk, but corporate/executive business jets enjoy a stellar safety record, with only one fatal accident since 2007. That's according to statistics on U.S.-registered aircraft from Robert E. Breiling Associates, an aviation-safety research firm.

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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