Business Jet Traveler

October 1, 2007
Though he is no longer under the employ of a corporation, you can't really call Brian Barents retired. Being on the boards of five aviation companies-including serving as vice chairman of Aerion Corp., which is planning to develop the first supersonic business jet-keeps him almost as busy as when he was running other companies and was active in the Michigan and Kansas National Guards.
October 1, 2007
British environmental protesters targeted business aviation recently when they blockaded main entrances to two London-area airports. The demonstrations were an offshoot of a week-long protest at London Heathrow Airport.
October 1, 2007
Swiss-based aircraft operator PrivatAir is preparing for the full launch of its Select Membership block charter program late this year in the U.S. and expects to extend it to European customers in early 2008. PrivatAir has been quietly offering the program to some U.S. clients over the past two years, during which time it has refined pricing and the service structure.
October 1, 2007
“Short of a complete global meltdown or another 9/11, I don’t see anything sl
Josh Mesinger is vice president of J. Mesinger Jet Sales, a Boulder, Colo. corporate jet brokerage and consulting firm founded by his father, Jay. The younger Mesinger joined the company eight years ago, after graduating from George Washington University.
October 1, 2007
For the fifth year in a row, Gulfstream received highest honors in the product-support survey of BJT sister publication Aviation International News.
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
Col. James Wolcott, operations group commander for the 89th Airlift Wing, sta
You've probably heard of or seen Air Force One-even if only in a movie or on TV-and know that it carries the President of the U.S. and his staff. But did you know that the Air Force also operates 15 other business jets that are used to transport high-profile government officials, including members of Congress?
October 1, 2007
Cutter Aviation, a full-service fixed-based operator (FBO) at eight major Southwest airports, recently opened a $4.5 million corporate aircraft hangar at Phoenix Sky Harbor International Airport. The 50,000-square-foot, climate-controlled facility is divided into three units and, with 28-foot door height, can accommodate aircraft as large as the Global XRS.
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
President Bush has signed the Improving America's Security Act of 2007, which includes provisions dealing with general aviation security. Among other things, the act directs the Transportation Security Administration to develop and implement a standardized threat-and-vulnerability-assessment program for general aviation airports.

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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