People » Industry Insider

June 1, 2010
WHAT HAPPENS WHEN A BIG AIRLINE tries running a business jet charter and management subsidiary? In the case of Delta AirElite, what might at first seem like a prescription for disaster turns out to be a near-perfect elixir of airline value blended with the exceptional service and efficiency of private jet travel.
February 1, 2010
“It’s as if you book a hotel and have no idea what you are getting except a b
Remember Victor Kiam-the man who liked Remington electric razors so much he bought the company? Well, you might say VistaJet chairman Thomas Flohr is Kiam's alter ego-he disliked an industry so much that he started a company to try to fix it. The industry in question is business jet charter.
September 1, 2009
“The flight department guys treat you much better if you show up in an airpla
Steve Taylor, the new president of Boeing Business Jets, grew up around airplanes. "My first airplane ride was in an Aero Commander at age a-month-and-a-half and I have kind of been in them ever since," he told me. "I was a kid who read airplane magazines front to back-your basic airplane geek."
April 1, 2009
“Probably 80 percent of the deals that I do I wouldn’t do if I didn’t have a
IN 2000, after more than two decades of diverse Wall Street experience, Lynn Tilton started Patriarch Partners, a private equity firm that specializes in buying and fixing distressed companies.
February 1, 2009
“This could be a $2 billion business. I don’t know if we want that. At some p
In 1999, when Kenny Dichter took his first private jet ride on a friend's Hawker 800XP from New York to Boston, the airplane wasn't all that took wing. Dichter spotted an untapped market. Less than a decade later, he helms a jet-card subsidiary to industry giant NetJets that had sales of approximately $800 million to $900 million last year.
December 1, 2008
“I’m not a believer that we’re all going to be flying private to Grandma’s fo
The aviation bug bit Alex Wilcox at an early age, back when an airline pilot could invite a wide-eyed youngster into the cockpit during a long flight. Wilcox's Swiss mother and American father spent lots of time in Europe, and he vividly recalls extended conversations with pilots while crossing the North Atlantic.
June 1, 2008
When Benjamin Murray decided 11 years ago to enroll in a flight school and get his private pilot's license, he didn't give much thought to where that interest might lead him. By his own admission, he lacked the patience to continue flying and soon gave up his pilot-in-command time, but the business aspect of aviation still fascinated him.
April 1, 2008
The number-one competitor to fractional is two guys getting together and buyi
Paul Touw had barely finished high school when his entrepreneurial spirit started paying dividends. Enrolled at University of the Pacific in Stockton, Calif., and short on tuition funds, he noticed that the physics department lacked good lab books.
April 1, 2008
To find out more about Branson's latest brand, we spoke with the man who founded it and oversees its day-to-day operations. What were you doing before this project came along? I spent most of my career in the technology business and about three years ago was introduced to private aviation.As a passenger?
February 1, 2008
“Most people flying private would pay a 20-percent premium for the benefits f
"I started when I was six," said Michael Scheeringa, when asked how he wound up in aviation. "I grew up in Phoenix, and when I was in grade school, I used to take the city bus to the airport and watch airplanes take off and land, and count passengers. At that point, I thought I'd want to build airports."

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Quote/Unquote

“You’re absolutely right—and you can’t stand up in your [expletive] Rolls-Royce, either.”

-William Lear, in the early '60s, replying to a man who complained that he couldn't stand up in the original Lear Jet