Sit Down For This News

Business Jet Traveler » December 2010
Photo: Aviointeriors
Monday, November 29, 2010 - 11:00pm

Need another reason to keep flying privately? Consider the SkyRider ultra-high-density seat, which Italy-based Aviointeriors has developed for airline use. The 23-inch-pitch seat looks like a cross between a miniature horse saddle and a thinly sliced seatback. It doesn't recline, and not only is the pitch so small that passengers' knees are forced into constant contact with the seat in front, but elbow room is nonexistent as well. The saddle seating itself isn't entirely uncomfortable, although it does feel strange not to be able to lean back even a bit and to have all weight on the posterior instead of distributed between the back and thighs. There's no room to crack open a laptop or unfold a newspaper-indeed a big-bellied person wouldn't even be able to lower the seat-tray-though the seatbacks do have space for an entertainment system display.

Overall, the seats seem less suited to passengers' bottoms than to airlines' bottom lines. They weigh less than half as much as normal economy-class seats and would allow carriers to fit in 14-percent more passengers. "Airlines are searching for solutions," said Fredrik Meloni, Asia regional manager for Aviointeriors. "This does make a huge impact on revenue."

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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