Money

December 17, 2014
If you’re thinking about acquiring a preowned aircraft, you couldn’t ask for a better time, says Dennis Rousseau, founder of online listing service AircraftPost. (Photo: © 2010 Mike Fizer/Courtesy Executive AirShare)
While professionals can point to indications of a turning preowned market, many have had their hopes dashed too many times in recent years to see the glass as half full.
December 16, 2014
Any charity to which you donate should be happy to tell you what it’s trying to achieve, how this goal will be accomplished and what it has done so far. (Illustration: Fotolia)
Well over a million charities operate in the U.S. alone, and some do much more good work than others.
December 16, 2014
(Illustration: Fotolia/Freshidea)
BJT readers—who represent one of the highest-net-worth magazine audiences anywhere—clearly have the means to contribute to a better world. To help you do that, we’re spotlighting one deserving organization per issue.
October 8, 2014
You can buy millions in coverage for hundreds in premiums, so why not load up? (Illustration: John T. Lewis)
Policies are cheap, so it’s easy to be well covered. Here’s what you need to consider.
September 26, 2014
Time periods for leaving the state vary greatly. Kansas allows 10 days; Colorado gives you 120. The event that starts the clock varies greatly as well. (Illustration: John T. Lewis)
Sales taxes offer an easy way for states to raise revenue, and business jets are a favorite target.
September 23, 2014
The prepurchase inspection is a key event in any business aircraft sales transaction.
September 1, 2014
One of the most pervasive myths about the taxation of business jets in the U.S. is that the owner isn’t entitled to any deductions unless more than 50 percent of the aircraft’s usage is in a trade or business. I hear this regularly from people who are contemplating a jet acquisition but worry that they won’t be able to take any tax deductions for it because less than half the usage will be business-related. Like many myths, this one contains a nugget of truth, as I’ll explain presently. But it’s incorrect to assume you can’t write off anything if your business use doesn’t exceed 50 percent.
August 10, 2014
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.
July 10, 2014
Dassault Falcon 7X
As soon as its first owner departs from the manufacturer’s delivery center, a new airplane technically becomes used (or preowned). For various reasons, however, 10 years after an aircraft’s final production date is generally considered the ­milestone separating “newer” used business aircraft from “older” ones.
July 8, 2014
Business jet static display. Photo: David McIntosh
Industry experts continue to blame lack of financing for the failure of business jet orders and sales to recover more rapidly since 2008. “Many sales are lost because prospective buyers can’t obtain financing or can’t obtain it on favorable terms,” says Andrew Bradley, president of global sales at Avjet Corporation. Bradley has even seen a bank require its client to buy a newer, significantly more expensive aircraft rather than provide financing for a slightly more than 10-year-old airplane of the same model. Indeed, relatively few business jets acquired last year were financed at all.

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Quote/Unquote

““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 ”

-David Yermack