Your aircraft represents a wonderful business tool but also one of your largest potential exposures to catastrophic loss—one that could wipe out what you have spent years building. The importance of properly insuring against such loss should be obvious. Here’s a look at the most critical coverage types and clauses.
The latest products for your aircraft can mean faster Internet connections…and clean dinnerware.
Prices have been coming down on preowned jets, so it may be worth investing in your own aircraft if you’re flying often enough with a jet card or fractional-share program. Having an expert on your side for such a purchase is important, so BJT spoke with brokers Janine Iannarelli, Jahid Fazal-Karim, and Steve Varsano to get professional advice on what to look for and how to make the transaction go smoothly.
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:
“Let me be straight with you. What I'd rather have is an airplane. We just had a third kid. I don't like flying commercial. I like to take my family to Hawaii. When I go east, I'd like to have pilots I know. ”