Business Jet Traveler » February 2007

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.
February 1, 2007
On March 1, the U.S. Department of Agriculture's new Animal and Plant Health Inspection Service (Aphis) rules take effect. The rules will eliminate the exemption from inspections for fruits and vegetables imported from Canada, and implement a $70.25 inspection fee for aircraft (including on-demand charter flights) entering the U.S. from Canada. There will also be a $5-per-passenger fee.
February 1, 2007
Even the vintage prop airplanes from the post-war era have begun to give the
Exactly how do you suppose the imminent arrival of very light jets will change the aviation landscape? We've heard opinions from an army of analysts, but history makes clear the hazards of paying too much heed to "expert" prognostication.
February 1, 2007
Occupants of private aircraft flying into Miami for Super Bowl XLI on February 4 need to keep important security changes in mind. The FAA is expected to issue a Temporary Flight Restriction (TFR) that will cover a 30-nautical-mile radius from Dolphin Stadium and that will be effective from at least two hours before the game until two or more hours after it.
February 1, 2007
Raytheon’s Hawker 4000 has received FAA certification.
Raytheon's Hawker 4000 has won FAA certification. It took a little more than 10 years, but in a booming market, the company now has orders for 74 of the aircraft, including 50 from fractional operator NetJets. Of the 24 others, three quarters are going to buyers outside the U.S. The $20 million twinjet has a range of 2,777 nm with a typical payload of six passengers and baggage.

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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