BJT Waypoints

November 4, 2011
Dassault Aviation has signed a memorandum of understanding with China's Minsheng Financial Leasing for 10 Falcon 7X and 10 Falcon 2000S business jets. The deal, which the companies expect to finalize before the end of the year, follows firm orders for five Falcon 7Xs that Minsheng placed earlier in 2011 and an order for a Falcon 900LX.
November 4, 2011
Business aviation services provider Oxfordjet has signed a three-year exclusive agreement to offer bespoke flight solutions within Europe to users of the MasterCard World Elite credit card.
November 4, 2011
Presenting a unified front, the Business Aviation Association of India (BAAI) has merged with India's newly formed Business Aircraft Operators Association (BAOA). The combined organization will operate as the BAOA.

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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