One of the world's greatest entrepreneurs talks about his typically ambitious latest plans and offers a one-word summary of his life today.
Cessna’s entire line of Citation CJ light jets has remained popular over the years. Offering varying degrees of stretch of the same diameter fuselage, the models share certain characteristics. But talk to CJ owners and it quickly becomes apparent that one variant stands out above its siblings as the perfect combination of range, performance and operating economics: the seven- to nine-passenger CJ3, which first entered service in 2004.
What’s driving today’s faster depreciation rates?
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.
Manufacturers are offering to help you sell your old airplane when you purchase a new one. Should you let them?
“"Many years ago, our company founder, Al Conklin, sold a new twin-engine business aircraft to a very successful entrepreneur. He had established a bit of a rapport with the individual and, after the sale, asked him straight out, 'How can you justify the cost of this airplane?' His reply? 'What is the cost of a divorce?'"–David Wyndham, president, Conklin & de Decker”