Business Jet Traveler

January 17, 2016
BMW i8
When I was growing up, I loved the Back to the Future films—particularly the second one in which Doc and Marty traveled forward in time to 2015. The future looked amazing, especially because of the cars, which contrasted dramatically with what was on the road when the movie first appeared. Not to mention, they could fly and hover!
January 6, 2016
Just 2 percent of hedge-fund managers have “a truly unique skill set and competitive advantage,” notes one expert. (Photo: Fotolia)
Hedge funds typically come with stiff fees, but those costs are dropping, Silberstein says. Once, the vast majority charged a 2 percent annual management fee on assets held in the fund, plus 20 percent of any profits. Now, only the most elite managers have that structure, he says; the standard fee today is 1.5 percent plus 15 percent of profits.
January 3, 2016
Until about 2013, “our pricing was below  cost, and that wasn’t sustainable in the long run,” says XOJet CEO Bradley Stewart.
In early 2009 XOJet upended the charter industry when it introduced all-inclusive one-way transcontinental U.S. rates of $19,000 aboard its owned and operated fleet of new Cessna Citation Xs (later joined by Bombardier Challenger 300s). Not bad for a company whose majority investor, Lehman Brothers, had gone bankrupt just months before
January 3, 2016
Photo: Fotolia
Business aviation and privacy go hand in hand for good reasons, says our columnist. Some people in the general aviation industry object to the term “private flying,” on the theory that it suggests to the general public that we must have something nefarious to hide. I understand the concern, though I’ve never thought of it that way, any more than I’ve thought “private property” signs in a driveway implied the people living there were up to no good.
December 13, 2015
Gulfstream’s G500, which made its first test flight last May, will be capable of traveling nonstop from Los Angeles to London.
In October 2014, Gulfstream Aerospace formally launched two large-cabin jets designed to replace its G450 and G550 models: the G500 and the G600. The top speed for both aircraft is Mach 0.925, the same as for Gulfstream’s G650ER. With the introduction of the G500 and G600, all of the company’s large-cabin models will pay homage to the need for speed.
December 13, 2015
St. Augustine Photo: Fotolia
September marked the 450th anniversary of the founding of St. Augustine, Florida, the oldest continually occupied European settlement in America. The thriving, quirky city of 14,000 is a tourist magnet, and not just because of its historic landmarks and vintage buildings.
December 6, 2015
Business jet owners have been clever in trying to dream up ways around FAA compensation strictures.
Understand FAA rules before accepting payment for a business jet flight. Compensation for flights is one of the most important concepts to consider when you’re structuring the ownership and operation of a business jet. For the U.S. Federal Aviation Administration, the payment of compensation for air transportation usually makes a flight “commercial,” which requires that it be conducted under a commercial certificate.
November 24, 2015
“Annual depreciation going forward is probably not the  3 and 4 percent people saw for years, but more like 7 percent,” says one aircraft broker.
A global pullback accelerates declines in preowned-aircraft values. After several years of mixed signals and uncertainty, the preowned-aircraft market found its direction, if not its footing, in 2015.
November 24, 2015
AgustaWestland AW109E Power
A few relatively minor concerns notwithstanding, this feature-packed and stylish model delivers excellent value. The AgustaWestland AW109 light twin helicopter has been on the market since 1976 and has undergone several permutations, gaining weight, interior width and power along the way. Timeless Italian styling and fast speed have made this helicopter a popular choice for executive transport for decades.
November 22, 2015
“How about celebrating New Year’s Eve in Australia?” suggested my advisor. “Then you fly back across the  International Date Line and celebrate again, in Hawaii.”(Illustration: John C. Lewis)
A woman behind me muttered wearily, “If I had a million dollars, I’d never get on an airliner again.” As she spoke, holiday music was playing somewhere in the departure lounge, and I began daydreaming. If I had an extra million dollars, I thought, I’d have a Christmas wish list involving air travel, but none of it would be on an airliner.




““I guess an airplane is pretty decadent, right? But if anyone has a problem with that, tell them to go f--k themselves, because I will live in that trailer [I own] in Alabama before I give up that f--kin’ airplane. That airplane is, hands down, the greatest luxury a human being could have. There’s nothing that f--king beats it. F--k a yacht.” —musician Kid Rock, when asked to name his most decadent purchase  Source: Rolling Stone   ”

-Kid Rock, musician