Business Jet Traveler » October 2007

October 1, 2007
Going once, going twice...sold! An Eclipse 500 very light jet was sold to hig
Already a symbol of a revolution in personal aircraft, Albuquerque-based very light jet maker Eclipse Aviation is setting out to change how people buy airplanes. Fulfilling a promise made seven years ago-long before the first Eclipse 500 rolled off the assembly line-the company recently put one of its early production aircraft on the Internet auction block, using technology from eBay.
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.
July 1, 2007
Don't leave home without it-not if you want simple, guaranteed access to a business jet at a reasonable hourly rate. That's the pitch that has driven the rapid growth of jet card programs. Almost a dozen national companies, including the major fractional and charter fleet providers, now offer these cards. Numerous smaller charter companies also provide jet cards.

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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