Business Jet Traveler » February 2010

February 1, 2010
If you want to fly on designated “peak travel days,” you have to give your pr
A chief selling point of fractional flying is its simplicity. Unlike charter customers, you don't have to bother with shopping for a flight; and unlike full owners, you don't have to worry about maintenance, storage and hiring crews. The fractional provider takes care of all that.
February 1, 2010
If your management company has control of the aircraft, the IRS could charge
Managing a multimillion-dollar aircraft isn't just another chore, it's a full-scale business-a business many owners want help with. "We're overwhelmed right now," said Scott Phillips, whose company, Jet 1 Charter, provides management and charter services in Naples, Fla.
January 19, 2010
A Honeywell corporate jet delivered supplies and rescue workers to the ravage
A Honeywell corporate Gulfstream packed with medical supplies and aid workers flew to Port-au-Prince, Haiti, on January 18 to bring desperately needed help to survivors of the country's magnitude-7.0 earthquake.

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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