People » Industry Insider

April 1, 2008
To find out more about Branson's latest brand, we spoke with the man who founded it and oversees its day-to-day operations. What were you doing before this project came along? I spent most of my career in the technology business and about three years ago was introduced to private aviation.As a passenger?
February 1, 2008
“Most people flying private would pay a 20-percent premium for the benefits f
"I started when I was six," said Michael Scheeringa, when asked how he wound up in aviation. "I grew up in Phoenix, and when I was in grade school, I used to take the city bus to the airport and watch airplanes take off and land, and count passengers. At that point, I thought I'd want to build airports."
December 1, 2007
“In emerging markets like Eastern Europe, Russia, Asia and the Middle East, c
Dreams do come true, and Luis Carlos Affonso is proof. An aeronautical engineer and private pilot, he took over in the spring of 2005 as executive vice president of the newly formed Embraer Executive Aviation division, a position he described as "just where I want to be."
October 1, 2007
“Short of a complete global meltdown or another 9/11, I don’t see anything sl
Josh Mesinger is vice president of J. Mesinger Jet Sales, a Boulder, Colo. corporate jet brokerage and consulting firm founded by his father, Jay. The younger Mesinger joined the company eight years ago, after graduating from George Washington University.
August 1, 2007
“We believe that there’s a big opportunity for the whole-plane car-service-wi
Starting a company was the last thing on William Herp's mind when he caught the aviation bug in 1996. In fact, he'd already launched several businesses and was in the midst of a break from his entrepreneurial efforts.
June 1, 2007
“When we first started growing, even our board was hesitant to believe that w
When Steve Hankin left Starwood Hotels & Resorts to become CEO of Sentient Jet three years ago, the Weymouth, Mass.-based jet-card provider was "a very small company," he said recently. It's bigger now, but exactly how much bigger is anybody's guess. As Hankin told us when we asked about revenues and hours flown, "We've never revealed that.
December 1, 2006
“Because three of the major fractional providers are owned by manufacturers,
To become a smarter consumer of business aviation services, believes consultant Michael Riegel, you probably don't need more information- you simply need to better understand and analyze the information you already have. "There's plenty of data," Riegel explained. "It's the interpretation of that data that's lacking.

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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