Business Jet Traveler

April 1, 2008
New owners “don’t always want their shiny airplane in the hands of stranger
After BJT quoted Long Island, N.Y. businessman Michael Pascucci's claim that his flights on his three aircraft are "free" based on the offset revenue he earns from their charter, we received feedback from readers questioning whether this is truly possible.
April 1, 2008
During a House aviation subcommittee hearing in February, DOT Inspector General Calvin Scovel noted that aviation stakeholders are expressing growing concern about the rise in the number of severe runway incidents.
April 1, 2008
The silver and gold treasure you're after isn't buried. It's swimming through
Looking for an extreme fishing adventure? Try this: fly to Paris, then on to Mahe, Seychelles. You're now 1,000 miles off the coast of Kenya. Next, take a charter flight to a group of coral islands called Farquar, 500 miles south of Mahe and closer to Madagascar.
April 1, 2008
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 Southeast U.S., now and a year ago. Look for price data for other parts of the country in future issues.
April 1, 2008
Business aviation accidents and incidents declined from 60 in 2006 to 56 in 2007, but fatal accidents involving U.S.-registered business jets and turboprops increased to 18 from 17, according to the latest annual report by aviation safety analyst Robert E. Breiling Associates.
April 1, 2008
Ferry fees have always been part of fractional flying. Now, however, some fractional providers have made changes to their programs that substantially reduce-if not eliminate-the fees for their owners. As a result, these owners enjoy expanded ferry-fee-free travel horizons, and the other fractional providers' may find they need to respond in kind.
February 1, 2008
The first stone of taxation has been dropped into the lake of fractional ownership and the ripples are likely to spread. Last August, Senate Bill (SB) 87 was signed into law in California, creating a system for assessing property tax on fractionally owned aircraft for the first time in the U.S.
February 1, 2008
Dassault Aviation announced last year at the National Business Aviation Association Convention that it has launched the development of a super-midsize Falcon business jet, code-named SMS (for super-midsize). The aircraft will have fly-by-wire flight controls, an advanced glass cockpit and new Rolls-Royce engines in the 10,000-pound-thrust range.
February 1, 2008
In December, NetJets pilots voted overwhelmingly in support of a major amendment and five-year extension to their collective bargaining agreement with NetJets Aviation. The pilots are represented by Teamsters Local 1108.
February 1, 2008
The FAA's scrutiny of Part 135 operational control has spurred an interest in operational control of Part 91 business jets.

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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