Business Jet Traveler

December 1, 2007
We had just sat down in cozy alpine hut No. 6 on the snowy, remote slopes of Lech, Austria, when our private ski instructor, Max Weissengruber, ordered a round of peach schnapps-which he insisted was de rigueur at 11 a.m. "Life is not only about maximum profit," he said with his signature Austrian dogmatism. "It's about quality."
December 1, 2007
European brown trout, introduced to the crystalline waters of New Zealand in 1868, have thrived in this country, which is roughly the size of California. Wild populations have created what many well-traveled fly fishers believe are the finest river trout fisheries in the world today. These trout are large. They are beautiful. They are also some of the most difficult to catch.
December 1, 2007
One of the premier events for car aficionados, the Palm Beach [Fla.] Cavallino Classic, takes place January 22 to 27 at the Breakers Hotel in that city. Ferrari owners will find much to see and do, including a track meet; a touring rally with vintage and classic Ferraris; and-the high point of the show-the Concorso d'Eleganza, which will feature more than 100 classic cars.
December 1, 2007
Bombardier's next Learjet will be bigger and faster than any of its forebears, the company has announced. The 10-seat, stand-up-cabin Learjet NXT will fill the market gap between the midsize Learjet 60XR and super-midsize Challenger 300.
December 1, 2007
The plate block with an inverted Jenny will cost you $3 million.
Manned flight in powered aircraft was only 15 years old when the idea of carrying mail in airplanes seemed doable to the bureaucrats in Washington. The airplane's success during the Great War in Europe-still ongoing- showed a promise of peacetime applications. So it happened on May 1, 1918, that the U.S.
December 1, 2007
A Hummer donated by General Motors provides ground transportation for veteran
The Veterans Airlift Command (www.veteransairlift.org) is looking for a few good pilots-and airplanes. The mission: help convalescing servicemen and women wounded in Iraq and Afghanistan with their recovery.
December 1, 2007
Despite "challenges" in assembly of the first Boeing 787 prototype that have forced delay of the first flight and certification by at least six months, Boeing Business Jets does not expect to have to reschedule delivery dates for executive models of the jetliner. Boeing claims to have firm orders for nine executive 787s, two of which will go to an unidentified leasing company.
December 1, 2007
Fly the Moller M200 Jetson and your neighbors may think they’ve seen a UFO.
They may not take you coast-to-coast, or even to the next state, but two new personal aircraft could offer you a whole lot of fun for your money.
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
-Pro golfer Douglas Tewell

Pages

 

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