Business Jet Traveler

May 14, 2013
When are you ready for your own jet?  (Illustration: John T. Lewis)
When is it time to buy your own jet? Part of the answer involves tax numbers, depreciation data, return on investment projections and the like; but if those are the sorts of factors you’re pondering right now, you should put down this article and pick up some of the many BJT features that address such concerns in detail.
May 14, 2013
BMW M5
Like the four models before it in their day, the fifth-generation M5 is the standard-bearer of BMW’s craft. It’s also a striking value among new performance cars.
May 14, 2013
Last-Minute Moves
A quality air charter provider should be able to have you in the air within two hours of receiving a call for a pop-up, or last-minute, domestic flight. [See “Taking Off in a Hurry”] But what if you need to alter the passenger manifest or amend your destination shortly before takeoff?
May 13, 2013
Setting up an LLC just to own and operate your jet could mean asking for trouble.
If I owned a business jet, my worst nightmare would go something like this: my airplane is involved in an accident and I get sued for zillions of dollars in damages.
May 13, 2013
Gulfstream 550 (photo courtesy of Gulfstream)
It’s too early to predict overall sales for 2013, but one key indicator—the number of aircraft for sale—continues to tick lower, suggesting that a recovery is still ongoing. In fact, the number of available jets and turboprops is now at its lowest point in roughly five years.
May 13, 2013
Starting a Flight Department
When it comes to outright aircraft ownership, you basically have two choices: hire a management company to handle operations and maintenance or set up your own corporate flight department. Done right, either option will afford you convenience and safety. What it really comes down to is cost versus control.
May 13, 2013
Learjet 70/75
The latest generation of “little Lears” represents a big departure from what Bill Lear envisioned when he started his iconic company 50 years ago. The original Learjet 23 forced passengers to trade comfort for speed in a cramped cabin with few amenities and limited range. My, how times have changed.
May 13, 2013
Daymond John
When he launched his FUBU clothing line in 1992, Daymond John was a 23-year-old waiter and taxi driver with no college education, no business training, no manufacturing operation, no contracts with retailers and no money to speak of.
May 13, 2013
Patrick Chung, player for the New England Patriots, reads to children in Boston at the Macy’s store. Macy’s is a long-time sponsor of RIF.
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 one deserving organization per issue.
May 10, 2013
A memorable taste of Britain
A ballotine is boned and flattened poultry, stuffed with ground meat and other ingredients. The dish doesn’t get any tastier than the version concocted by Bon Soirée owner/chef Derek Freeman.

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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