Business Jet Traveler » October 2009

October 1, 2009
"Do you realize more people have been to outer space," sputtered my friend Dave, "than have driven that car?" Of all of the reactions I got when word leaked out I'd be testing the brand-new Bugatti Veyron 16.4 Grand Sport, his was my favorite. Dave's observation was closer to the truth than he realized.
October 1, 2009
If you've thought about selling your aircraft, you have lots of company. This is a buyer's market-and a fast-changing one. "A Falcon 2000EX might be worth $22 million until a similar serial number appears for sale for $20 million and sells for $17.5 million, altering the entire market," commented one broker.
October 1, 2009
While some are turning to biofuels as the energy source to keep future wings aloft, the team behind the newly unveiled Solar Impulse believes it can use sunlight to power their airplane-day and night. The unusual craft features solar-panel-covered wings as wide as those on a Boeing 747, but it weighs only as much as a typical car.
October 1, 2009
Richard Santulli wrote the rules on fractional ownership, and in the process
Richard T. Santulli, who resigned in August after nearly a quarter century as chairman of NetJets, had never been in an airplane-had in fact never been outside the New York/New Jersey/Connecticut metropolitan area- until he turned 21 and spent his honeymoon in Puerto Rico.
October 1, 2009
Photo by David McIntosh
The 11th staging of the Dubai Airshow will take place from November 15 to 19 at the Airport Expo Centre in Dubai, UAE. In past years the event has focused on military and commercial aviation, but business aviation has been making its presence felt. At the 2007 event (the show is held every two years) private and corporate jet sales reached $2.7 billion.
October 1, 2009
“The question is not whether rates and premiums will increase–it’s by how muc
If the experts are right, business aviation insurance rates could be on the rise soon. A recent spate of accidents will inevitably drive rates higher for airlines, according to a report by insurance broker AON. Because business aviation insurance rates have traditionally tracked those for airlines fairly closely, price hikes are likely.
October 1, 2009
Oprah Winfrey, in a commencement speech at Duke University on May 10
October 1, 2009
Business jet valuations for pre-mid-1990 models are in "dire straits" and likely will never recover, according to Conklin & de Decker vice president David Wyndham. "Many of the early, first-generation business jets are probably at or near their salvage value: the value of their individual airworthy components," Wyndham noted in his company's newsletter.
October 1, 2009
“Those last couple of laps it felt like my whole life kind of flashed before
An afternoon drizzle fell over the grounds of the Grande Prêmio do Brasil as the banshee wail of the fastest racecars in the world ricocheted through the team paddocks. It was November 2-the final lap of the last race of the 2008 Formula One season.
October 1, 2009
Cessna Aircraft is moving on after parent Textron formally canceled the large-cabin Cessna Citation Columbus program. The decision came a little more than two months after Textron suspended development of the widebody jet due to the economic downturn. Textron reported a net loss of $58 million in the second quarter, compared with a $258 million profit in the year-ago period.

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Quote/Unquote

“"I've got a list of corporations that have gotten out of their airplanes [because of criticism from politicians]. It is the stupidest thing I've ever seen. When you look at the time and cost savings; it does not make sense not to fly [privately]. You can't let public perception interfere with your business decision to fly. It either is a good business decision or it isn't."”

-business aviation entrepreneur Nick Popovich