Business Jet Traveler » October 2007

October 1, 2007
When French airframer EADS Socata unveiled a souped-up version of its venerable TBM 700 single-engine turboprop in 2005, it billed the aircraft as the "anti-very light jet." Indeed, the TBM 850 will carry more payload, fly farther and typically complete a 500-mile trip about as quickly as a twinjet VLJ. It will also burn only about half the fuel and climb like a rocket.
October 1, 2007
Brook Hollow Hole No. 3
Our series on America's best golf courses continues with a look at three of the best classic fairways in the south central U.S., as determined by Golfweek magazine's handpicked panel of 385 course raters. The raters, who are students of architecture, attend national workshops and each evaluate 15 to 20 courses per year.
July 1, 2007
Don't leave home without it-not if you want simple, guaranteed access to a business jet at a reasonable hourly rate. That's the pitch that has driven the rapid growth of jet card programs. Almost a dozen national companies, including the major fractional and charter fleet providers, now offer these cards. Numerous smaller charter companies also provide jet cards.

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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