Business Jet Traveler » February 2009

February 1, 2009
Executive AirShare-the only fractional aircraft ownership provider in North America to offer Embraer's Phenom 100 and 300 very light jets-has announced its fractional pricing structure for the Phenom 100. Embraer began deliveries on December 31 and the first of the five-passenger twinjets is expected to go into service with Executive AirShare in March of this year.
February 1, 2009
Charter/management company Avjet has moved into a new "green" hangar at Bob Hope Airport in Burbank, Calif. The facility, Hangar 25, is the first hangar to be certified at the platinum level by the U.S. Green Building Council, under the Leadership in Energy and Environmental Design green-building rating system.
February 1, 2009
U.S. Helicopter hoped to resume flights from New York's Wall Street heliport before this issue went to press, according to a spokesman for the company.
February 1, 2009
The Department of Homeland Security's new rule that requires general aviation pilots to file passenger names and other information with government officials before crossing a U.S. border took effect December 18, though compliance isn't mandatory until May 18.
February 1, 2009
Rep. Ray LaHood (R-Ill.), who presided over the impeachment of President Clinton, will be Secretary of Transportation in President Barack Obama's administration and the second Republican selected for his cabinet.
February 1, 2009
Schubach Aviation, which operates 21 aircraft, has introduced a jet card membership program.
February 1, 2009
Seven FBOs have left the Million Air franchise system and switched to a new brand name, Odyssey Aviation, having joined in a marketing partnership with the Odyssey Aviation Bahamas FBO at Lynden Pindling International Airport in Nassau. Odyssey Bahamas also used to be a Million Air franchisee.
February 1, 2009
Virgin Charter, an online charter aircraft booking resource, is now accessible through GetThere.com, a Web-based procurement center logging some 10 million travel bookings annually. By accessing Virgin Charter Marketplace through GetThere, users can receive multiple quotes from hundreds of operators throughout the U.S.
January 23, 2009
Ireland's Shannon Airport will become the first European airport with fast-track
January 2, 2009
XOJet, a San Carlos, Calif.-based aircraft charter and membership provider, has launched its complimentary Flight Program Analyzer. The service allows private jet fliers to produce customized reports showing detailed, side-by-side comparisons for private jet travel options ranging from charter to membership cards to fractional and full aircraft ownership.

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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