Business Jet Traveler » June 2008

June 1, 2008
  Thinking about flying privately in Europe? If you've been using business jets mostly just in North America, you should anticipate some differences.
June 1, 2008
Golf here takes place in its own realm, unencumbered by home sites.
Florida's west coast has lots of real estate but few real golf clubs. Since 2006, however, it has had the Concession, a Jack Nicklaus- and Tony Jacklin-designed course that made its debut this year on Golfweek's Best Modern Courses list. Concession placed 45th on the list on the strength of its natural setting and its commitment to the game's enduring values.
June 1, 2008
Golfers will fly to the Travelers Championship on a chartered Boeing 757.
To attract top-tier golfers to smaller tournaments scheduled around major PGA competitions, tour organizers have taken to offering free aircraft charters for the players. For the Travelers Championship to be held in June immediately after the U.S. Open, for example, tournament officials have chartered a Boeing 757 to whisk golfers and their guests from San Diego to Hartford, Conn.
June 1, 2008
The cost of buying an aircraft is rivaled only by the expense of maintaining it. If someone gave me a Gulfstream G550 for Christmas, I'd have to sell it immediately because just the expense of hangaring and insuring the aircraft, let alone flying it, would far exceed what I can afford. No wonder many people want to figure out a way to share the cost of business jets.
June 1, 2008
The Dish: Salad Niзoise, featuring seared ahi tuna on a bed of butter lettuce, surrounded by steamed red potatoes, cooked and refreshed green beans, tomatoes and a boiled egg. The dish is topped off by capers and kalamata olives and a dressing prepared from white wine vinegar, Dijon mustard, pepper, garlic crushed with salt and extra virgin olive oil.
June 1, 2008
"One customer showed us his rattlesnake boots and wanted his airplane done in
Nothing says luxury like leather. That's the gospel according to business jet interior designers and many of their customers. As a seat covering, leather wraps the passenger in butter-soft comfort. On bulkheads and sidewalls, leather softens the shine of exotic wood veneers and polished metals. Instead of screaming "money," the cabin softly whispers "success."
June 1, 2008
For those who go straight from business jet to boardroom-not to mention those whose aircraft are greeted on the ramp by paparazzi-looking good when you land means a lot.
June 1, 2008
AAI Acquisition has purchased bankrupt Adam Aircraft Industries for $10 million, having made the only bid for the composite twin turboprop and very light jet aircraft developer. The assets include prototype and unfinished A500 piston twins and A700 VLJs.
June 1, 2008
You have to be an industry professional to visit England's Farnborough International Airshow from July 14 through 18, but anyone can enjoy the event on July 19 and 20.
June 1, 2008
A last-ditch referendum effort by Berlin Tempelhof Airport failed and the airport will almost certainly close October 31. Some 60 percent of voters favored keeping the downtown airport open, but they represented only 21 percent of the city's electors, short of the required 25 percent. The German Business Aviation Association is appealing.

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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