Business Jet Traveler » October 2007

October 1, 2007
President Bush has signed the Improving America's Security Act of 2007, which includes provisions dealing with general aviation security. Among other things, the act directs the Transportation Security Administration to develop and implement a standardized threat-and-vulnerability-assessment program for general aviation airports.
October 1, 2007
Aircraft cabin pressure often receives blame for passenger discomfort, from mental and physical fatigue to nausea, headaches and malaise. And while some justification exists for such claims, the subject is complicated.
October 1, 2007
NASA's Kennedy Space Center in Cape Canaveral, Fla., will host a celebration of 50 years of space exploration, November 1 to 4. The World Space Expo uses space exploration as the springboard to showcase aeronautics, space operations, future electronics and earth and life sciences.
October 1, 2007
The Air Charter Safety Foundation is working to develop an industry-wide audit standard by the end of this year. Such a standard would free charter operators from the need to undergo audits by each of several competing companies.
October 1, 2007
After the recent capitulation in the equity market, an asset manager who is in charge of preserving his boss' capital was taking the temperature of the aircraft business. He was doing so at least partly because he saw a correlation-though admittedly not a clear or definitive one-between the appetite for corporate jets and the overall health of the economy.
October 1, 2007
Dubai Aerospace Enterprise (DAE) has announced that it is seeking a buyer for a division of Landmark Aviation called Airport Services Group. The group consists of 33 FBOs, an aircraft sales division, a charter management business, six maintenance shops and six Hawker Beechcraft authorized service centers.
October 1, 2007
Simply put, air charter is the front door for all things at the business aircraft level in general aviation. It precedes fractional ownership. It stimulates full aircraft ownership. The jet card programs couldn't exist without it. And for the manufacturers it represents a free "demo" program for their products.
October 1, 2007
Pete Sampras returned Jim Courier’s attempts to beat him displaying his world
Set loose a pack of Maserati sport sedans on an empty runway, throw in an exhibition tennis match between two of the sport's greatest players and add a spread of gourmet catering. That was the recipe for a late July event for customers of charter provider Talon Air, a company that clearly knows how to liven up a Thursday afternoon.
October 1, 2007
When Gulfstream purchased Galaxy Aerospace in 2001 for $330 million, the deal was sort of the aviation equivalent of the reality television show Flip This House. With an eye to quick profit, an investor on the show snaps up a distressed property he thinks needs only new paint, then discovers the place is infested with termites and has a rotting roof. Whoops.
October 1, 2007
With the LS600hL, Lexus has given the hybrid propulsion system popularized by the Toyota Prius some serious muscle and cloaked it in luxury robes. The "h" stands for the hybrid V8/electric motor powerplant that drives all four wheels and the "L" is for long wheelbase, which describes the expansive but not quite Maybachian rear passenger area.

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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