Business Jet Traveler

December 1, 2007
Minneapolis-St. Paul International
The collapse of the I-35 freeway bridge last August thrust Minnesota into the national spotlight and highlighted the logistical challenges of navigating the Minneapolis-St. Paul metroplex. A serpentine network of rivers and lakes divides the area, which is home to 3.5 million people.
December 1, 2007
I don't believe in witches. But I think some people high up in the FAA and Department of Transportation do. Maybe even some of the folks in Homeland Security.
December 1, 2007
L'Avion, the first all-business-class French airline, is adding a Saturday flight to its New York-Paris schedule and expects to introduce a second aircraft on December 22. Like its first jet, which launched the service in January 2007, the second will be a Boeing 757-200 equipped to carry 90 passengers, 110 less than in its typical three-class configuration.
December 1, 2007
In 1873, when Jules Verne wrote his famous novel about a race around the world, completing the journey in 80 days seemed impossible to many. Now, of course, you can make the trip a whole lot faster.
December 1, 2007
One pilot described the Bell 206 JetRanger as “bulletproof,” adding, “They ju
Every day, a fleet of more than 600 helicopters transports 10,000 passengers to and from thousands of oil and natural gas rigs and platforms in the Gulf of Mexico. For the better part of the last four decades, one helicopter model has dominated that fleet: the five-seat Bell JetRanger.
December 1, 2007
Signature Flight Support has opened its newly renovated facility at Le Bourget Airport in Paris. Formerly known as "Le Terminal," the upgraded operation includes passenger lounges with panoramic airport views, separate work and rest areas for crews, a private bar, dedicated concierge service and a private car park.
December 1, 2007
Proposed regulations on deductions for entertainment use of business aircraft, issued by the IRS in June, are meant to help aircraft owners comply with changes to the Internal Revenue Code that were introduced in the 2004 Jobs Act. Those changes disallow tax deductions if certain top executives, called "specified individuals," use the aircraft for "entertainment."
December 1, 2007
Don't expect charter-flight Web sites to offer the kind of one-stop booking you get with the airlines on Orbitz, Expedia and Travelocity. Nonetheless, many such sites now provide tools and data that make planning and arranging an air charter flight easy.
December 1, 2007
Cessna CEO Jack Pelton (left) inks a big deal with XOJet CEO Paul Touw.
XOJet-a provider of business jet ownership, leasing and on-demand travel solutions-is expanding its fleet of Cessna Citation Xs. The company, which expects to own 17 of the Citations by the end of this year, has ordered 30 more of the high-speed, super-midsize jets, which are valued at a total in excess of $600 million.
October 1, 2007
“We didn’t plan it, but lo and behold, I found we were making money with the
Michael Pascucci wanted to go to Florida. Never mind that he was only 13 and supposed to be in school. He bought an old Ford from a neighbor for $45; taught himself to drive; skipped out of classes in Manhasset, N.Y.; and, along with three friends, headed south.

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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