Business Jet Traveler

June 1, 2008
"One customer showed us his rattlesnake boots and wanted his airplane done in
Nothing says luxury like leather. That's the gospel according to business jet interior designers and many of their customers. As a seat covering, leather wraps the passenger in butter-soft comfort. On bulkheads and sidewalls, leather softens the shine of exotic wood veneers and polished metals. Instead of screaming "money," the cabin softly whispers "success."
June 1, 2008
For those who go straight from business jet to boardroom-not to mention those whose aircraft are greeted on the ramp by paparazzi-looking good when you land means a lot.
June 1, 2008
AAI Acquisition has purchased bankrupt Adam Aircraft Industries for $10 million, having made the only bid for the composite twin turboprop and very light jet aircraft developer. The assets include prototype and unfinished A500 piston twins and A700 VLJs.
June 1, 2008
What you'll pay for air charter varies not only by aircraft type and model but also by region. Here are the average per-hour rates for popular aircraft nationally and in the South Central U.S., now and a year ago. Look for price data for other parts of the country in future issues.
June 1, 2008
You have to be an industry professional to visit England's Farnborough International Airshow from July 14 through 18, but anyone can enjoy the event on July 19 and 20.
June 1, 2008
A last-ditch referendum effort by Berlin Tempelhof Airport failed and the airport will almost certainly close October 31. Some 60 percent of voters favored keeping the downtown airport open, but they represented only 21 percent of the city's electors, short of the required 25 percent. The German Business Aviation Association is appealing.
June 1, 2008
As the often-controversial mayor of New York from 1993 to 2001 and as a candidate for senator in 2000 against Hillary Rodham Clinton, Rudy Giuliani was not unknown outside the tri-state area of New York, Connecticut and New Jersey. But it was the terrorist attacks on Sept. 11, 2001, that thrust Giuliani inexorably into the world's spotlight.
June 1, 2008
Swiss-based Jet Aviation and Beijing-based Deer Air will jointly operate an FBO and provide line maintenance at Beijing's Capital International Airport. Construction of the 35,475-square-foot FBO has begun and ground handling and limited line maintenance services
June 1, 2008
Cleveland-based Flight Options has joined Montreal-based Starlink Aviation to form Flight Options Canada, which the companies claim will offer a seamless, expanded network of private jet travel facilities and services on both sides of the border. For U.S.
June 1, 2008
Macau, a "special administrative region" of the People's Republic of China, is rapidly developing as a business aviation hub. Since the first of the year, charter operator Jet Asia has added two Hawker Beechcraft Hawker 900XPs.

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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