Flying

Delta Air Lines To Offer Bizjet Upgrades to Elite Fliers

Delta Air Lines has taken significant steps toward introducing its elite airline fliers to the convenience and privacy of business jets. The carrier will now offer a business jet upgrade program for its “Medallion” frequent fliers (those who fly more than 25,000 miles annually on the airline).

Money

The perils of short-term aircraft leases

An aircraft buyer waiting for delivery of his new Gulfstream G650 once complained that the manufacturer “wasn’t promoting instant gratification.” Who could blame him? The scheduled delivery was eight years away. With a wait like that if you don’t have another aircraft that you don’t mind flying for the better part of a decade, you might as well buy one to tide you over.

People

Billionaire Chris Burch

He sold sweaters door-to-door to fellow students at Ithaca College. That turned out to be his first step on the road to becoming a billionaire.

Time Off

The Galapagos Islands

The Galapagos Islands, some 600 miles off the coast of Ecuador, rank among the world’s most distinctive and abundant wildlife destinations. Roughly 9,000 species live here and in surrounding waters. The mostly uninhabited isles are like a natural-history museum, except the animals aren’t stuffed—they’re wild. Exploring the Galapagos, I often felt as if I was walking in an exotic zoo without cages.

Bizav Basics

Insurance tips for fractional and charter customers

If you’re a charter customer or fractional owner, your net worth may well exceed that of your flight provider. That would make you the deep pocket with the most to lose in an accident, yet you have no role in selecting the provider’s insurer or drafting its coverage terms. So how can you protect yourself? By performing the most dreaded task in all of aviation—reading the insurance policy—and by keeping these tips in mind:

 

Quote/Unquote

“"At first I thought flying privately was a luxury and I felt guilty. Then I realized how much more I can do in a week than I would if I had to fly commercially.” ”

-Golf great and entrepreneur Annika Sorenstam