Buyers' Guide

July 25, 2012
Completion and refurbishment centers
It has been a long recession but independent completion and refurbishment centers are starting a slow return to profitability. Some semblance of a backlog suggests that the recovery, if not rapid, will at least continue.
July 25, 2012
As soon as the first owner departs from the manufacturer’s delivery center, a new airplane technically becomes used (or preowned). For various reasons, however, 10 years after an aircraft’s final production date is generally considered the milestone separating “newer” used business aircraft from “older” ones.
July 25, 2012
The relationship between the private jet operator and the fixed-base operation (FBO) is symbiotic, as neither could exist without the other. FBOs provide aircraft fueling, cleaning and watering; storage hangars and parking tie-downs; catering; meeting spaces; and, in some cases, maintenance.
July 25, 2012
Buying aviation insurance
Five years ago, a Falcon 900 with 15 people aboard was taking off from Santa Barbara, Calif. When the aircraft failed to climb, the pilots aborted the takeoff but the Falcon struck a berm at the end of the runway, collapsing the nose landing gear rearward. The pilots did manage to stop the jet and avoid what could have been a catastrophic loss.
July 25, 2012
10 steps to a successful aircraft financing
The business jet finance market is changing, just like the rest of the world economy. It’s becoming more highly regulated, more conservative and more international. Its biggest challenge is the surfeit of cash that many aircraft buyers have on hand with no compelling place to invest.
July 19, 2012
Considering a fractional share?
Largely because of the recession, the past few years have not been kind to the fractional-jet-share business. Many customers have opted for other forms of lift after having been disappointed by the residual valuations they received for shares when their contracts ended. Others have simply decided that this is no time to tie up a large sum in a capital purchase.
July 1, 2011
To determine which of more than 1,700 FBOs around the world best serve their customers, BJT's sister publication, Aviation International News, conducts an annual survey of its readers regarding the experiences they have encountered. There are two kinds of FBOs: chains, which may manage dozens of facilities around the world; and independents, which may own but a single FBO.
July 1, 2011
For the most dedicated business aviation caterers, there is no greater compliment than the smile that follows a bite of praline pecan French toast or maple duck breast with wild rice and blackberry juice. And among those who fly privately, there exists no shortage of folks who ­appreciate a fine meal, perfectly prepared and served.
July 1, 2011
When BJT's 2010 Buyers' Guide appeared a year ago, all signs suggested a shift toward an aviation insurance market characterized by increasing premiums, restricted coverage availability and more rigid underwriting criteria.
July 1, 2011
Adding more ­passengers can sometimes make travel by business jet even less e
What does it really cost to fly privately and how do those expenses compare with the price of airline travel? BJT computed the roundtrip cost of a New York-to-Paris trip for four passengers via airline first class and via a wholly owned and chartered Gulfstream 550.

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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