Business Jet Traveler » June 2008

June 1, 2008
As the often-controversial mayor of New York from 1993 to 2001 and as a candidate for senator in 2000 against Hillary Rodham Clinton, Rudy Giuliani was not unknown outside the tri-state area of New York, Connecticut and New Jersey. But it was the terrorist attacks on Sept. 11, 2001, that thrust Giuliani inexorably into the world's spotlight.
June 1, 2008
Swiss-based Jet Aviation and Beijing-based Deer Air will jointly operate an FBO and provide line maintenance at Beijing's Capital International Airport. Construction of the 35,475-square-foot FBO has begun and ground handling and limited line maintenance services
June 1, 2008
Cleveland-based Flight Options has joined Montreal-based Starlink Aviation to form Flight Options Canada, which the companies claim will offer a seamless, expanded network of private jet travel facilities and services on both sides of the border. For U.S.
June 1, 2008
Macau, a "special administrative region" of the People's Republic of China, is rapidly developing as a business aviation hub. Since the first of the year, charter operator Jet Asia has added two Hawker Beechcraft Hawker 900XPs.
June 1, 2008
The FAA has ordered Santa Monica [Calif.] Airport officials to halt implementation of a ban on aircraft with approach speeds greater than 121 knots. Airport director Robert Trimborn had advised airport users that after April 24, "only aircraft in the FAA-designated A and B categories will be allowed to operate" at the facility.
June 1, 2008
The first annual Gulf VIP Executive Jet, Luxury Yacht & Elite Car Interiors exhibition is scheduled for November 11 to 13 at the Bahrain International Exhibition & Convention Center and Bahrain International Airport. More than 150 exhibitors and approximately 5,000 visitors are expected at the show.
June 1, 2008
An FAA proposal to cut airline delays by imposing peak-period pricing to reduce congestion at busy airports is a "bad idea," according to the National Business Aviation Association. The key element of the FAA's proposal is to allow a two-part landing fee based on operations and aircraft weight.
June 1, 2008
A group of former JetBlue executives have launched an operation designed around the Embraer Phenom 100. The company, JetSuite, has ordered 50 of the very light jets with options for 50 more, and plans to lease the aircraft to customers. First deliveries are expected next April.
June 1, 2008
The old joke about Hawkers is that not only are they built like bricks-they fly like them, too.
June 1, 2008
What you'll pay for air charter varies not only by aircraft type and model but also by region. Here are the average per-hour rates for popular aircraft nationally and in the South Central U.S., now and a year ago. Look for price data for other parts of the country in future issues.

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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