Business Jet Traveler

February 1, 2007
Occupants of private aircraft flying into Miami for Super Bowl XLI on February 4 need to keep important security changes in mind. The FAA is expected to issue a Temporary Flight Restriction (TFR) that will cover a 30-nautical-mile radius from Dolphin Stadium and that will be effective from at least two hours before the game until two or more hours after it.
February 1, 2007
Raytheon’s Hawker 4000 has received FAA certification.
Raytheon's Hawker 4000 has won FAA certification. It took a little more than 10 years, but in a booming market, the company now has orders for 74 of the aircraft, including 50 from fractional operator NetJets. Of the 24 others, three quarters are going to buyers outside the U.S. The $20 million twinjet has a range of 2,777 nm with a typical payload of six passengers and baggage.
February 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 Southeast U.S., now and a year ago. Look for price data for other parts of the country in future issues.
February 1, 2007
The IRS has classified the Corporate Angel Network, the nonprofit organization that provides free air transportation for cancer patients using empty seats on corporate aircraft, as a "public charity." The classification, which is retroactive to Jan.
December 2, 2006
Business jets were involved in 18 nonfatal and three fatal accidents during the first nine months of 2006, compared with 16 nonfatal and one fatal accident in the same period last year. Despite the increase in fatal accidents, the number of deaths remained the same, at eight persons, according to safety analyst Robert E. Breiling of Boca Raton, Fla.
December 1, 2006
If you enjoy cooking, get out of the kitchen and head for Beaver Creek resort, 10 miles from Vail, Colo., where the annual Culinary Classic takes place from February 1 to 3.
December 1, 2006
BLR Aerospace has received a supplemental type certificate from the FAA for winglets that mean good news for King Air 300 owners. The Everett, Wash. company claims the winglets will increase the twin turboprop's cruise speed by five to eight knots, reduce fuel consumption 3.5 percent and increase the rate of climb by 300 feet per minute.
December 1, 2006
In the aftermath of the nonfatal collision of a Hawker 800XP and a sailplane
Over the last decade, business aviation safety has improved immensely. During that time, regulators have attempted to reduce accidents by introducing a variety of equipment, avionics and procedural requirements.
December 1, 2006
"I must have been unconscious for two or three minutes," recalled Dean Mortimer, president of Ontario, Canada's Cloud Air charter service. "I woke up looking upside down at the bottom of the lake, yet inexplicably I released my seat belt and fell headfirst to the roof of the aircraft."
December 1, 2006
Race car driver Jesse Harris with BizJet International’s Bern Kowalewski and,
When it comes to a hot ride, it doesn't get much hotter on the ground than Jessie Harris' dragster, the Queen of Diamonds. A 6,000-lb thrust GE J-85-5 turbojet engine powers the dragster to speeds in excess of 300 mph.

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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