Business Jet Traveler » October 2009

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
“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
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
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
Oprah Winfrey, in a commencement speech at Duke University on May 10
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.
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
While bigger fractional ownership providers are scaling back, Clearwater, Fla.-based Avantair plans to add six more Avantis to its fleet before year-end. CEO Steven Santo attributes the growth partly to the operating economics of the twin-turboprop Avanti, which has a cabin equivalent to that of a midsize business jet, a maximum cruise speed of more than 400 knots and low fuel burn.
October 1, 2009
The G350 won’t get you to China on a single load of fuel, but if all you need
Well, the 1970s are back. Yes, the decade that spawned stagflation, the Misery Index, badly built automobiles and lowered thermostats seems to be making a reappearance.
October 1, 2009
In the latest annual product support survey by BJT sister publication Aviation International News, readers rated Gulfstream number one for both newer and older business jet support, while Pilatus scored highest for new turboprops and Mitsubishi topped the rankings for older turboprops. In the newer jets category, Cessna came in second, followed by Boeing BBJ in third place.

Pages

 

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