Bizav Flying Activity Grows Again

Gulfstream jet
Flying activity is up again
Wednesday, December 14, 2011 - 3:45pm

Year-over-year business aircraft flying activity is up 1 percent, according to data released by aviation services company Argus. The greatest growth was in the small-cabin-jet category, where the number of flights rose 2.1 percent. Flights increased 1.7 percent for midsized business jets and 1.1 percent for turboprops, but declined 2.8 percent for large-cabin jets. By type of operation, the greatest growth occurred in the small-cabin Part 91 segment, up 10.5 percent. That growth offset a drop in small-cabin activity by Part 135 (charter) and fractional operators (down 8.5 and 11.9 percent respectively. Part 91 flying for all aircraft sizes grew 4 percent, while Part 135 flying dropped 3.3 percent and fractional flying dropped 0.6 percent. Argus’ data is based on “serial-number-specific aircraft arrival and departure information on all IFR flights in the U.S.”
 

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Mike Flannelly
on December 16, 2011 - 7:08pm

Battered and bruised but still here... Business Aviation.

It is nice to see some "green chutes" in our industry for a change!!

-Mike
www.AviationForBusiness.com

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““CEOs go to their vacation homes just after companies report favorable news, and CEOs return to headquarters right before subsequent news is released. More good news is released when CEOs are back at work, and CEOs appear not to leave headquarters at all if a firm has adverse news to disclose. When CEOs are away from the office, stock prices behave quietly with sharply lower volatility. Volatility increases immediately when CEOs return to work.” —David Yermack, a New York University finance professor, whose recently released study shows a correlation between when CEOs take their private jets on vacation and movements in their companies’ stock price ”

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