Business Jet Traveler » February 2007

February 1, 2007
-60 Minutes producer John Hamlin, in The New York Times
February 1, 2007
Swiss-based charter and aircraft management specialist PrivatAir has become one of the first purchasers of an executive/VIP version of Boeing's new 787 airliner. The aircraft will complement PrivatAir's already substantial Boeing fleet, which includes a 767, a 757, a BBJ2 and three BBJs.
February 1, 2007
In the tall, dark, moss-draped, rainy forests of Oregon's coastal mountains-a mysterious evergreen world captured perfectly in the novels of Ken Kesey-emerald rivers rush headlong to the grey, wild North Pacific. Nehalem, Wilson, Trask, Necanicum, Nestucca-places whose names intoxicate anglers under the spell of a fish called steelhead.
February 1, 2007
Do you have a favorite in-flight meal or caterer you’d like to see featured h
The Dish: Organic breakfast quiche. Pan-seared shitake mushrooms combined with tender baby spinach, organic whole milk and farm-fresh eggs. Served with heirloom melons and berries. The Caterer: Chefs With Altitude, El Segundo and Irvine, Calif., (877)-CWA-4141, www.chefswithaltitude.com.
February 1, 2007
"I spent a lot of time talking to venture capitalists. It was one of the most
Frank Robinson readily admits he's not your typical CEO. "When I worked for the big aerospace companies, I was always a bit of a maverick," he explained to me in his relatively small, Spartan office just off the production floor of Robinson Helicopter Co. in Torrance, Calif. "I don't think I could have gotten anywhere if I had stayed with any of them.
February 1, 2007
Opposition to user fees for general aviation aircraft remains on the front burner this year for the industry's advocacy groups.
February 1, 2007
Art aficionados have a new way to enjoy their hobby in an exclusive environment. Bonita Springs, Fla.-based SeaFair is creating a gallery on a luxury yacht for the exhibition of American and international art. The ship will bring high-end art dealers and jewelers to cities along the East Coast, eliminating the need for enthusiasts to travel long distances to visit important galleries.
February 1, 2007
The early days were a little less than noble for Wyvern, the Palmyra, N.J.-based charter auditing firm. The company took its name from a mythical, winged dragon that was said to be so large it preyed upon elephants.
February 1, 2007
Some members of Congress believe a measure being promoted by the Democratic Party leadership not only would prohibit representatives from using official or campaign funds to pay for use of private airplanes but would also prohibit those who are private pilots from flying their own airplanes.
February 1, 2007
Like a train pulling out of the station, preowned-aircraft sales chugged at the start of 2006 but gathered speed as the year unfolded. By the fourth quarter, it was full steam ahead and now the sales surge looks poised to roll well down the tracks of the new year.

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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