Business Jet Traveler » August 2008

August 1, 2008
One company lacked a mid-size jet that fit the bill. Another wouldn’t fly to
To determine the best fractional investment, the first thing you have to do is consider your travel profile--including where you fly, how long your trips are, how many passengers you carry, how much luggage you take, what aircraft you prefer and, of course, how much you are willing to spend. Analyzing this information, you can often come up with a single, best solution.
August 1, 2008
The tax treatment of many aircraft expenses isn’t obvious. Some costs, especi
When a company buys jet fuel for a business flight, the fuel will be consumed immediately. So the cost is tax deductible as an ordinary expense in the current period. Most expenses of owning and operating a business jet are like that-they can be deducted currently and thus offset taxes on current business income.
August 1, 2008
“I've never been driven by money. Living a big lifestyle for me has never bee
Gordon ("Butch") Stewart had a comfortable middle-class childhood on Jamaica's Honeymoon Bay, so his story doesn't qualify as a rags-to-riches tale. But he most certainly went "to riches."
August 1, 2008
Just because your aircraft can fly nonstop doesn’t mean that you can.
Before booking my first charter flight in 2001, I visited industry Web sites, drove to the airport to sit in some airplanes, got advice from a reputable broker and read through a pile of operators' brochures and guides. I felt as well prepared as any new customer could be.
August 1, 2008
Many places make the dubious claim of being the "sport-fishing capital" of this or that species of game fish, but for trophy rainbow trout there's an obvious champion with no competitor: Alaska. And no billboards making the proclamation are required. Anyway, there aren't many roads where you're going-mostly just paths through the alders made by the largest brown bears on Earth.
August 1, 2008
The challenge faced by Eclipse Aviation reminds me of the old joke: "How can you wind up with a million dollars by investing in aviation? Start with two million."
August 1, 2008
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 North Central U.S., now and a year ago. Look for price data for other parts of the country in future issues.
August 1, 2008
It dawned on me this morning that though I'm a used-aircraft broker, I have $90 million worth of offers on my desk for new jets-two aircraft that haven't even been built yet. So why are these transactions my business? Because when holders of new-aircraft positions look to resell them, they turn to used-aircraft brokers, not the jets' manufacturers, to orchestrate the deals.
August 1, 2008
During an encounter with wind shear at Chicago Midway Airport on June 5, the pilot of an Eclipse 500 pushed the thrust levers (throttles) forward with enough force to cause a software error that locked both engines at full power. Unable to slow the airplane for landing, the pilot elected to shut down one engine for the subsequent landing attempt.
August 1, 2008
In June, Hawker Beechcraft officially delivered its first Hawker 4000, the super-midsize flagship of its business aircraft fleet, to private owners. A ceremonial delivery to another customer occurred in 2006 but the airplane, then still not fully certified, was a leaseback demonstrator and the buyer never took possession.

Pages

 

Quote/Unquote

“"Many years ago, our company founder, Al Conklin, sold a new twin-engine business aircraft to a very successful entrepreneur. He had established a bit of a rapport with the individual and, after the sale, asked him straight out, 'How can you justify the cost of this airplane?' His reply? 'What is the cost of a divorce?'"–David Wyndham, president, Conklin & de Decker”

-David Wyndham