Users of eXchange Broadband Need Not Despair

Business Jet Traveler » December 2006
Friday, December 1, 2006 - 4:00am

Rockwell Collins will be able to continue providing satellite broadband network service to its eXchange business aircraft customers. The move comes thanks to a deal with Arinc that will bring eXchange into the SkyLink satellite network. The agreement fills the void left when Boeing announced earlier this year that it is discontinuing its Connexion satellite communication service, which had handled the eXchange traffic. The shift to SkyLink will allow eXchange subscribers access to data transfer and Ku-band satellite television programming.

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““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