Business Jet Traveler

November 4, 2015
crowd at auction
Last August at Bonhams’s classic-car auction during the Pebble Beach Concours d’ Elegance in Monterey, California, the first two autos sold uneventfully. But Lot No. 3—a 1962 Ferrari 250 GTO, one of only 39 made—was another story. The gavel of Bonhams chairman Robert Brooks started the bidding at $10 million, a huge jump from the $1.5 million that the last 250 GTO sold for 27 years ago. And higher bids kept coming, just as fast as Brooks could point at the would-be buyers. In just 11 minutes, the sale ended with an unnamed Ferrari aficionado winning the car for $38.1 million. It became the most expensive auto ever sold at auction and it ripped my heart out because, in 1970, I had turned down an identical 250 GTO for $6,000. That very car just sold privately for $52 million.
November 2, 2015
Gulfstream GVB on the runway.  Photo: Mariano Roselas
Should an aircraft appraiser be on your transaction team? Brokers typically play the role of appraiser, using their knowledge of the marketplace to set or counter an airplane’s price. But today, with the collapse of historical pricing models, the dearth of sales and the intensely private nature of the transactions, establishing an aircraft’s value is difficult.
October 24, 2015
Flowriding at Westin Kierland (PHOTO: KIM ROSENLOF)
As interest in endurance events continues to grow among high-end travelers, many resorts are expanding their wellness programs to provide professional coaching in running, swimming, triathlon and other forms of fitness.
October 24, 2015
Photo: Jackson Hole Chamber of Commerce
Heading for the Rockies this winter for a deep-powder skiing adventure? Consider the Tetons in Wyoming, with their 500 inches of dry, pristine powder and breathtaking alpenglow sunrises and sunsets.
October 24, 2015
Illustration by John T. Lewis
It’s no secret that the FAA and IRS approaches to business aviation differ in important ways. This cleavage is especially evident in their respective treatment of related or affiliated groups of companies.
October 15, 2015
It really doesn’t take much to keep a crew happy...the bottom line is that your crew wants to know that you take their jobs seriously. (Photo: Fotolia)
Keep them happy and they’ll keep you happy. Here are seven tips.
October 14, 2015
Range Rover  four-door convertible
Do you love the wind-in-your-hair ride of convertibles but lust after a car that’s sold just as a hardtop? Until lately, your only options were to forget about the convertible or forget about the car.
October 12, 2015
Jet held up in maintenance (Photo: Fotolia)
A new insurance policy offers owners and operators of charter aircraft protection from loss of income should mechanical issues cancel or terminate flights. Typically the charter customer gets all the sympathy when these events occur, as the broker and/or operator scramble to find a replacement aircraft. But if you’re the owner or operator of the grounded airplane, the cancelled flight could cost you thousands of dollars.
October 11, 2015
Global 7000 in flight
Bombardier announced its Global 7000 and 8000 long-range business jets in 2010, an apparent response to Gulfstream’s G650.
October 11, 2015
Angel investing—buying stakes in newborn companies—can produce substantial returns, but you’ll have to take on considerable risk to have a shot at those profits.

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Quote/Unquote

“You never know how strong you are until being strong is your only choice. ”

-reggae great Bob Marley