Business Jet Traveler » April 2008

April 1, 2008
Adam Aircraft of Englewood, Colo., suspended operations on February 11 and four days later filed Chapter 7 bankruptcy, meaning the company will be liquidated. Adam had certified the A500 piston twin and was working on certification of the A700 very light jet.
April 1, 2008
If you just can't get enough of aviation, we may have the perfect CD for you. Inspired by a love of airplanes to create what his Web site bills as a new musical genre, avant-garde Belgian composer Bruno Misonne features actual aircraft and airport noises (and in one case what sounds suspiciously like quacking ducks) on the techno-tracks of his new Aviation Music album.
April 1, 2008
Defenders of Berlin Tempelhof Airport in downtown Berlin have reported progress in their fight to keep the airfield open, as they have gathered the 170,000 votes required to force a public referendum. For the referendum to be valid, however, 25 percent of the city's 2.425 million voters must participate.

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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