Dassault developing new business jet

Business Jet Traveler » February 2008
Friday, February 1, 2008 - 4:00am

Dassault Aviation announced last year at the National Business Aviation Association Convention that it has launched the development of a super-midsize Falcon business jet, code-named SMS (for super-midsize). The aircraft will have fly-by-wire flight controls, an advanced glass cockpit and new Rolls-Royce engines in the 10,000-pound-thrust range. The company said it plans to begin taking orders for the SMS later this year.

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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 ”

-David Yermack