When we launched Business Jet Traveler magazine in October 2003, the stock market and the U.S. economy were struggling to recover from their spectacular fall following the dot-com meltdown and 9/11. The Dow Jones Industrial Average was at about 9,500, a level it had first passed through in early 1999 on its way up.
Business Jet Traveler » October 2008
October 1, 2008
General Dynamics, owner of Gulfstream Aerospace, has agreed to pay about $2.25 billion to buy Zurich-based Jet Aviation from the Permira Funds private equity group. Permira bought the company in 2005 for an undisclosed sum that was said to be about $700 million. Subject to antitrust legal approval, General Dynamics' acquisition of Jet Aviation should be complete by year-end.
October 1, 2008
What you'll pay for air charter varies not only by aircraft type and model but by region. Here are the average per-hour rates for popular aircraft nationally and in the Northwest U.S., now and a year ago. Look for price data for other parts of the country in future issues.
October 1, 2008
It didn't take long for 28-year-old golfer Adam Scott to accumulate all the trappings of sports superstardom. Eight years after turning pro, he commands more than $8 million a year in endorsement fees and has accumulated $23 million in tournament winnings.
October 1, 2008
Grob Aerospace filed for insolvency in Germany after its main source of capital suddenly withdrew financial support for the SPn light business jet program. CEO Niall Olver said the loan provider pulled out because of further delays in the certification program and resulting increases in the amount of money required to get the aircraft into service.
October 1, 2008
While booking a stay in a luxury Hawaiian hotel isn't hard, finding one that will fly you there on a private jet might be. The Royal Lahaina Resort on Maui and the Royal Kona Resort on the Big Island offer to do just that, via a new service called POSH Private Jet Holidays.
October 1, 2008
The Dish: Gourmet Cupcakes. With more than a dozen variations, there's something to satisfy the most sophisticated taste. Imagine a double-chocolate cupcake with imported French chocolate; a rich red velvet cupcake with cream-cheese frosting; or perhaps a tiramisu or key-lime variant.
October 1, 2008
When it comes to that little cabin behind the cabin, better known as the aircraft lavatory, the average passenger cares far more about whether it works than how it works.
October 1, 2008
Looking to get a jet card, buy a new or used jet, find the coolest cabin amenities, set up a flight department, talk to aviation lenders and insurance agents or learn the latest news about the industry as it takes place? The National Business Aviation Association's annual Convention and Exhibition-which rolls into Orlando, Fla., October 6 to 8-is the place to go.
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Quote/Unquote
“Let me be straight with you. What I'd rather have is an airplane. We just had a third kid. I don't like flying commercial. I like to take my family to Hawaii. When I go east, I'd like to have pilots I know. ”

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