Launched with much fanfare two years ago, this executive version of a Russian regional airliner may have a hard time gaining market acceptance.
Gulfstream’s G280 is a super-midsize business jet designed with fuel efficiency and short-runway performance in mind. The aircraft offers a range of 3,600 nautical miles, which gives it transatlantic capability. It can seat up to 10 passengers and provide sleeping accommodations for up to five.
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.
The cofounder of Paul Mitchell Systems, the hair-care products company, grew up poor and has been homeless twice. Today he’s a billionaire who owns three business jets.
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.
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:
“Time is our most precious commodity, and there are conveniences that wealth brings to essentially get you more time. —retired Microsoft CEO Steve Ballmer, explaining why he commutes via private jet from his Seattle home to watch games of the Los Angeles Clippers, the basketball team he bought last year for $2 billion. ”