““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 ”
Book a slot now to minimize the wait
As the industry recovers from the long recession, sales of used and new aircraft are accelerating. Largely as a result, more and more independent completion and refurbishment shops are building a backlog of orders.
Another reason: the first Global Express XRS business jets from Bombardier are coming in for required major inspections, and a lot of owners are choosing to do cabin refurbishment at the same time. Meanwhile, owners of larger bizliners—Airbus ACJs and Boeing Business Jets—are jostling for refurbishment slots timed to coincide with required 10-year maintenance and inspection checks. At centers approved by Airbus Corporate Jets and Boeing Business Jets to do interior outfitting of their new airplanes, backlogs began growing last year.
A word to the wise: peruse this directory now and, to minimize delays, schedule your job as soon as possible.
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