Money

May 22, 2016
EvoLux founder Ray Leavitt says he wants to make it easier for you to book a helicopter seat. He has created computerized platforms that let you either reserve the entire helicopter or open up a helicopter you’ve booked to friends or the general public to cut your costs. Leavitt claims to have 200 helicopters enrolled in the system in major metropolitan areas, including New York, Chicago, Los Angeles, Atlanta, Las Vegas, and Miami. His goal is to get enough helicopters and passengers in the sky to bring down the cost for both.
May 17, 2016
Gulfstream G650
Gulfstream’s long-range, large-cabin jets, which set the standard for value retention in a size category that long defied the broader market’s slack demand, are now joining the group’s descent.
May 13, 2016
New York Fire Department deputy chief Joseph Curry  at the World Trade Center. PHOTO: PRESTON KERES
BJT readers—who represent one of the highest-net-worth magazine audiences anywhere—clearly have the means to contribute to a better world. To help you do that, we’re spotlighting deserving organizations in every issue.
May 1, 2016
This Westport, Connecticut home rents for up to $15,000 a month while the owners live on their sailboat.
While executive recruiter Lori Greenberg and her husband were on vacation in Ecuador and the Hamptons, strangers were in their four-bedroom townhouse in upscale Park Slope, Brooklyn.
May 1, 2016
Photo: Mark Wagner
After five years of slow growth, preowned-market sales volume headed into negative territory last year. Aviation data service JetNet reports fewer retail transactions were conducted in 2015 than in 2014, the first such decrease since 2009. Last year, 2,458 preowned business jets were sold, says JetNet, versus 2,569 in 2014—a 4.3 percent decline.
March 15, 2016
What happens to your airplane’s value when a major fractional program starts liquidating its fleet of the same model? 
March 9, 2016
credit: John Lewis
Maybe you’re an aircraft owner who’d like to offer transportation to a political candidate you support. Or perhaps you’re a candidate who wants to grab a ride on a friend’s business jet. Either way, you’d be well advised to do some homework first, regarding the federal and state rules that apply to such flights. 
March 8, 2016
The World Bank describes the living conditions of families who come to Cambodian Children’s Fund for support as “absolute poverty.” Hollywood executive Scott Neeson founded the group in 2004 after he witnessed children scavenging at a burning garbage dump near Phnom Penh. He subsequently resigned from his job to devote himself to CCF, whose multi-tiered and comprehensive program focuses on six core areas: education, leadership, community outreach, healthcare, childcare, and vocational training.
February 28, 2016
Thinking about investing in companies that further causes you believe in—or at least making sure your stocks, bonds, and mutual funds don’t help causes to which you object? If so, you may be wondering whether a so-called socially responsible portfolio can yield attractive returns. The short answer is that it can, but finding the right investments can be tricky.
January 17, 2016
Though business jet finance has largely recovered from the recession that began in 2008, it is a changing landscape.

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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