Landmark Aviation Absorbs Jimsair at San Diego

Business Jet Traveler » August 2008
Friday, August 1, 2008 - 5:00am

Landmark Aviation has added Jimsair Aviation Services to its FBO network, giving it a total of 42 facilities in the U.S., Canada and Western Europe. The deal also included an air charter service formerly operated by Jimsair, as well as Lindy Premier Inflight Catering, located on the FBO premises and also previously under Jimsair management.

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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