Business Jet Traveler

December 1, 2007
-Pro golfer Douglas Tewell
December 1, 2007
Piaggio Aero, the Italian aircraft manufacturer, has signed an agreement that calls for 22 Avanti II twin turboprop business aircraft to be delivered to U.S. fractional ownership operator Avantair from 2011 through 2012. Valued at $150 million, the deal represents "one of the largest sales in the history of Piaggio Aero," said company CEO Josй Di Mase.
December 1, 2007
What you'll pay for air charter varies not only by aircraft type and model but by region. Here are the average per-hour rates for popular aircraft nationally and in the Northeast U.S. now and a year ago. Look for price data for other parts of the country in future issues.
December 1, 2007
Jet manufacturers and many after-market completion centers offer owners an op
Inner beauty really does trump outward appearance-especially after factoring in comfort and utility. Your aircraft's interior, from the suppleness of the seats to the entertainment system, has a huge impact on both ownership experience and resale value.
December 1, 2007
Considering that the fractional-aircraft field was borne of a new business model and has been around for more than 20 years, it is perhaps surprising that the basic structure remains fundamentally unchanged: you purchase a share of an aircraft from the provider at a premium; you pay management fees, hourly rates and fuel surcharges; and at the end of your contract, you sell your share back to t
December 1, 2007
“I could never do what I do without the knowledge that I can drive to the air
An interviewer once asked an attorney what would be his worst courtroom nightmare. "Seeing Fred Furth sit down at the opposing table," he said.
December 1, 2007
Raytheon has entered into a definitive agreement to sell Flight Options, its Cleveland-based business aircraft fractional ownership division, to HIG Capital, a global private investment firm headquartered in Miami. The deal is expected to close before the end of 2007.
December 1, 2007
The wide-cabin Challenger 605 updates a venerable member of Bombardier’s flee
A venerable member of Bombardier's business jet stable has been made over. The manufacturer has replaced the wide-cabin Challenger 604 with the $27.38 million (typically equipped) Challenger 605.
December 1, 2007
About 14,000 new business aircraft valued at $233 billion will be delivered from 2007 through 2017, predicted Honeywell, the engine and avionics specialist, in its latest annual forecast. That's decidedly more optimistic than the firm's 2006 forecast, which predicted deliveries valued at $195 billion from 2006 through 2016.
December 1, 2007
Preowned Aircraft Annual Report 2007
Like sharks hunting for fresh blood, business jet buyers in 2007 used brokers as sonar to zero in on their hard-to-find prey. Then, early in the acquisition process, some customers tended to over-negotiate, not fully grasping how rapidly the market was changing. Consequently, they let their quarry slip away and once again found themselves swimming against the current.

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Quote/Unquote

““[Bill Gates] has been historically one of my best supporters…One of my favorite e-mails he ever sent me…I proposed this crazy project. And he sent back this two-line response: ‘This has got to be the craziest thing you’ve ever suggested. Please proceed.’” ”

-—former Microsoft CTO Nathan Myhrvold