A little over a decade ago, my wife and I had at least some small chance of becoming rich beyond belief. We were among the first investors in a technology startup that had the potential to be as revolutionary and widely adopted as the iPhone or iPad, and with even greater revenue. Unfortunately, the company’s digital-wallet concept was ahead of its time and the founders, despite diligent efforts, lacked the muscle to make it a reality. They ultimately sold their patents for just a few million dollars and, instead of getting rich, my wife and I simply recouped some of our losses.
If you updated your cabin electronics more than a few weeks ago, it's probably already on the way to becoming outdated. That's how fast the technology is changing. For the latest in cabin-management systems, Internet connectivity and more, consult the manufacturers in this directory.
An aircraft buyer waiting for delivery of his new Gulfstream G650 once complained that the manufacturer “wasn’t promoting instant gratification.” Who could blame him? The scheduled delivery was eight years away. With a wait like that if you don’t have another aircraft that you don’t mind flying for the better part of a decade, you might as well buy one to tide you over.
He sold sweaters door-to-door to fellow students at Ithaca College. That turned out to be his first step on the road to becoming a billionaire.
The Galapagos Islands, some 600 miles off the coast of Ecuador, rank among the world’s most distinctive and abundant wildlife destinations. Roughly 9,000 species live here and in surrounding waters. The mostly uninhabited isles are like a natural-history museum, except the animals aren’t stuffed—they’re wild. Exploring the Galapagos, I often felt as if I was walking in an exotic zoo without cages.
If you’re a charter customer or fractional owner, your net worth may well exceed that of your flight provider. That would make you the deep pocket with the most to lose in an accident, yet you have no role in selecting the provider’s insurer or drafting its coverage terms. So how can you protect yourself? By performing the most dreaded task in all of aviation—reading the insurance policy—and by keeping these tips in mind:
“What we need to do is always lean into the future. When the world changes around you and when it changes against you—what used to be a tail wind is now a head wind—you have to lean into that and figure out what to do because complaining isn’t a strategy. ”