““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 ”
We are thrilled to be back in your majestic and beautiful country, which is rapidly expanding its business aviation footprint. This is the third annual China edition of the Buyers’ Guide from Business Jet Traveler, the bimonthly international magazine we created more than 10 years ago to help readers maximize their investment in private jet travel. We have been delighted by the response to our past two China-edition Buyers’ Guides and see it as a clear sign that private jet travel is on the rise here.
Superstar Jackie Chan, this issue’s cover subject, may be the country’s best-known business jet traveler. Mr. Chan—who is admired worldwide for his innovative film work and commitment to charitable causes—currently owns an Embraer Legacy 650. He will take delivery of a Legacy 500 next year. You can read our interview with him at bjtonline.com/Chan.
If you share Mr. Chan’s enthusiasm for business aviation, you’ll want to spend some time with this issue. We begin with an article that explains why you don’t have to own a jet to fly as if you do (page 10). Also here are a look at business airplanes that are large enough to be called “flying mansions” (page 16); a shopper’s guide to available aircraft (page 20); and a report on models that will become available in the years ahead (page 28). In addition, you’ll find an interview with architect and business jet traveler Frank Gehry, who designed the National Art Museum in Beijing (page 36); and a report on a great place to fly your jet—China’s Shanqin Bay golf course (page 34).
Business Jet Traveler regularly features detailed reviews of new and used jets as well as articles about buying, refurbishing, selling and chartering aircraft. We also report on luxury cars, worldwide vacation destinations and notable business jet travelers such as Mr. Chan, John Travolta, pianist Lang Lang and Sir Richard Branson.
I cordially invite you to visit our website, bjtonline.com, where you can sign up to receive our award-winning print magazine and our biweekly emailed newsletter, BJT Waypoints, both of which are free to business jet travelers. Just click on “subscribe” at the top of our homepage. I would also love to hear your feedback about the magazine, so please do not hesitate to contact me directly.
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