Business Jet Traveler » February 2008

February 1, 2008
There are significant differences among the major fractional programs, said o
The fractional share market "has passed its period of rapid growth," according to a report prepared by consulting firm Velocity Group for XOJet, a company that sells flight time in hourly increments. Fractional shareholder growth averaged 2.2 percent per year from 2003 to 2006, but the fractional share fleet actually shrunk a bit, according to Velocity.
February 1, 2008
"Once you have sipped the sweet nectar of freedom, you don't go back" to airl
James Carville's Web site calls him "America's best-known political consultant," and it's hard to argue with that claim.
February 1, 2008
One provision generally prohibits you from assigning your share, significantl
Black's Law Dictionary defines "boilerplate" in part as "standard language in a legal document." In fractional contracts, plenty of provisions appear to be just that, and the response from your salesperson when asked about such provisions is likely to be, "Oh, don't worry. That's just boilerplate."
February 1, 2008
Bombardier’s Learjet 60XR
The Learjet 60XR is Bombardier's latest iteration of a midsize model that has endured since the 1970s, the decade that gave rise to this category of business jet. Learjet's initial midsize entry was the Model 55.
February 1, 2008
The least obvious and sometimes least protected liability target is the aircr
After 9/11, there is no need to invent catastrophic-damage scenarios involving airplanes. The attacks on the World Trade Center and Pentagon demonstrated conclusively that jets can cause damage on a previously unimagined scale.
February 1, 2008
Since a $10 million jet is as much work for a bank as a $40 million one, the
Uncertainty about aircraft values in the current market poses a major challenge for the companies that finance their purchase. For many new aircraft, the wait for outfitted delivery is as long as five or six years. This backlog puts a lot of pressure on the pre-owned market, where inventories for some models are at all-time lows.
February 1, 2008
More and more business jet travelers are ‘foodies’ who expect the same qualit
Is it realistic to expect the same quality of culinary fare aboard your business jet that you enjoy at four-star restaurants? That depends on your flight attendant's cooking skills and on whether the aircraft galley is equipped to support them. But even the best airborne chefs can be stymied by the cabin environment in which they have to work.
February 1, 2008
If you love opera, or even if you hate it, you’ll find plenty to enjoy in thi
"Something has taken place at Bayreuth which our grandchildren and their children will still remember," wrote composer Pyotr Tchaikovsky after attending the first performances of Wagnerian operas at the playhouse there.
February 1, 2008
The first morning out, he caught a brown trout. Almost 30 inches long. The st
A quarter mile from the Estancia del Zorro-the ranch of the fox-flows a stream my friend Brian O'Keefe calls the best spring creek he has ever fished. This is saying something. O'Keefe, who lives in the Oregon high desert, has made an enviable life of searching the world for great fishing.
February 1, 2008
Randall Greene
Following in the footsteps of a successful father is rarely easy, particularly when it involves a business founded by the father. Randall Greene, now chairman, president and CEO of Safe Flight Instrument Corp., faces this challenge. His father, Leonard Greene, started the company in 1946.

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Quote/Unquote

“[New billionaires in fast-growing countries] have to buy longer-range airplanes. If you’re flying from Mongolia to Nigeria, it’s either a three-day journey flying commercial or a nine-hour flight on your jet.”

-Steve Varsano