Flying

Fractional aircraft ownership is a great American entrepreneurial idea that arguably hasn't traveled well. Fifteen years after its main proponent, NetJets, brought the concept to Europe, that company remains the only one to have achieved any lasting traction in the international markets that supposedly have a massive appetite for business aviation.
The Bell 407 reminds me of a Mercedes Sprinter van. It's a vehicle with amazing versatility that can be used for virtually any mission: ambulance, cargo, law enforcement, firefighting, military scout and gunship, offshore oil support, utility and, of course, executive transport. And it does it all with legendary durability and good economy, characteristics generally not associated with things with rotor blades that fly.
The threat of "carmageddon" gridlock during Los Angeles' freeway closure this past summer drew media attention to helicopter charter, as some locals forsook the road for rotor to reach the airport. The coverage likely gave the uninitiated an unrealistic impression of helicopter charter costs, as we'll see, but it also introduced many travelers to this form of air charter, which is an unbeatable option for some missions. Helicopters, after all, can get in and out of places you can't get to any other way.
Money

In these days of sluggish economic recovery and historically low interest rates, the biggest competition for those offering business jet financing is a four-letter word: cash. Those who still have the resources to buy aircraft often prefer to pay cash rather than finance, for the simple reason that they now have few other attractive places to put their money. The successful financier in today's market either offers staggeringly low rates or is able to structure deals where others fail–because of concerns about the credit, the asset or both.
The last few years haven't held much in the way of surprises for the used-jet market and I suspect 2012 won't, either.
The slope on which all aircraft prices slid followed different paths for different models. The long-range, large-cabin segment seemed to take the equivalent of double black diamond ski trails to reach its price bottom. Values in this group descended rapidly, but in the process were positioned to board the next lift up. Other market segments seem to still be meandering along the blue circles, an excruciatingly slow and deliberate path to a price basement.
Considering what 2011 served up in terms of worldwide calamity–from government overthrows to devastating natural disasters to a global debt crisis–it's a wonder anyone had the confidence and wherewithal to buy a corporate jet. Yet the year saw a continuation of 2010's resurgence of buyer activity. This mild but sustained trend is providing a sense of relief for many sellers.
People

To appreciate what John Hendricks has created, just spend some time watching his Discovery Channel. Consider, for example, the moment on the Curiosity show when Dr. Dunn rips a piece of tape off host Mike Rowe's eyebrow and finds what he is seeking: eyebrow mites. A closeup shot takes you deep into the world of these mites, so deep that one of Mike's eyebrows looks like the bole of a 2,000-year-old sequoia.
Phil Mathews wanted to be a pilot since childhood, but bad eyesight precluded that dream. Instead, after graduating from England's University of Buckingham in 1989, he began a job as a check-in agent at London's Gatwick Airport. He was hired just for summer vacation, but he wound up being promoted to flight dispatcher and manager of general operations and spending four years there. Then, in 1997, he became vice president of U.S. air-charter broker FlightTime, for which he opened a London subsidiary.
Although he has experienced low points as well as triumphs during his golfing career, Sergio Garcia has earned more than $27 million since going professional in 1999 and has regularly placed in the top 10 of the Official World Golf Rankings.
Time Off

The world's leading luxury yacht builders and shipyards will display their products and services at the 20th annual Dubai International Boat Show from March 13 to 17. In addition, the show will feature the "Supercar Promenade," which organizers tout as "the most exclusive automotive event in the Middle East." Exhibitors will include carmakers Bentley, Porsche and Rolls-Royce and designer/modifier Hamann.
Bruges, Belgium, was but a blip on the tourist map until the movie In Bruges hit theaters in 2008. The dark comedy, featuring a duo of Laurel-and-Hardy-type hit men, resonated with audiences that were intrigued by its twisted plot, but also by its deliberate obeisance to a city that had managed to elude most American tourists.
I've hunted wild ducks, grouse, pheasants and other game birds with varying levels of enthusiasm for 40 years. But I had never seen anything like this: two resplendent four-foot-tall adult male wild turkeys, all bronze and black and iridescent, galloping on stilt-like legs across a cattle pasture the size of two football fields. And on this sparkling spring afternoon, they were racing right toward me!
Bizav Basics

Flexjet has announced that its fractional-jet-share sales rose 92 percent in the 12-month period ended last September 30. During the same time, according to the Texas-based company, industry-wide share sales increased 16 percent and Flexjet’s market share jumped from 14 to 21 percent. The Bombardier-owned company also noted that it has already sold 33 shares in the Learjet 85 program it announced last August.
Magellan Jets has launched what it calls the Business Travel Jet Card. Aimed at fliers in the Northeast, it covers 10 hours aboard an Eclipse 500 and costs $34,950 with no blackout dates, daily minimums or fuel surcharge. The offer currently has no expiration date.
“While the preowned business aircraft market continues to show improvements, all indicators have been slow to recover in the first nine months of 2011,” according to the latest report from industry research firm JetNet. “These figures are, however, much improved compared to the lows recorded over the past two years, as the for-sale inventories have declined and full-sale transactions have improved.” Preowned business jets for sale at the end of September represented 13.8 percent of the in-service fleet, down from 15.1 percent a year ago.



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