Business Jet Traveler » October 2009

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.
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.

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““[Bill Gates] has been historically one of my best supporters…One of my favorite e-mails he ever sent me…I proposed this crazy project. And he sent back this two-line response: ‘This has got to be the craziest thing you’ve ever suggested. Please proceed.’” ”

-—former Microsoft CTO Nathan Myhrvold