See all posts tagged: "corporate"

Wheels Ups first orange aircraft celebrating Feeding America's Hunger Action Month. Greetings from Wheels Up Text size Given the stratospheric costs associated with the private aviation industry, it is not surprising to hear of countless charitable partnerships and philanthropic efforts among private jet companies. But...
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How to buy a jet card and avoid costly mistakes

Amidst non-stop press releases and panels of private jet providers announcing record increases in memberships and sales growth, avid observers looking at actual flight hours and often wondering about the big gap? After all, if flight hours for fraction and charter private jet operators only hovered around 90% of pre-COVID levels in December, how can so many brokers and operators report triple-digit sales increases? A recent press release from Boston-based broker Magellan Jets noted both a 200% increase in jet card sales and a 20% drop in flight hours. Vista Global's said its XO unit saw a 240% increase in…

BaFin chief pushed out over dealing with of Wirecard scandal

BaFin chief pushed out over handling of Wirecard scandal

Germany’s finance minister has pushed out Felix Hufeld, head of the nation’s monetary watchdog BaFin, over his dealing with of the Wirecard scandal, the worst accounting fraud within the nation’s postwar historical past.In a press release, Olaf Scholz mentioned the Wirecard affair had revealed that Germany’s system of economic regulation “must be reorganised, in order that it may fulfil its supervisory position extra successfully”. The federal government didn't instantly title a successor for the 59-year-old, who had run BaFin since 2015. Mr Hufeld’s deputy Elisabeth Roegele, who's accountable for monetary markets supervision, will keep in her position. BaFin has been…

When should you refinance your mortgage?

Interest rates are at historically low levels, signaling a good time for refinancing. (iStock)Mortgage refinancing rates are on a downward trend with the shadow of COVID-19 looming over the U.S. economy.Larger mortgage lenders agree that mortgage rates continue to slide to historically low levels. Wells Fargo estimates an interest rate of 2.93 percent for 30-year fixed-rate mortgages by the end of 2020. Fannie Mae is not far behind, demanding an average interest rate of 3.05 percent in the latter half of the year.Mortgage lenders say it's a good time to refinance a mortgage. However, homeowners who want to refinance right…

Luxury start-up airline Aero starts flights next month: features, routes, price

Aero is the newest airline in the United States to start flights between Los Angeles and Aspen, Colorado on February 4th. The leisure-focused luxury airline aims to offer a "radically better premium experience for leisure travel." Prices start at $ 990 one-way for February flights and rise to $ 1,250 in March and April for flights with a private jet-like flight. Visit the Business Insider website for more stories. The pandemic has shifted travel trends in favor of recreational flights, and airlines have been eager to accommodate them. Aero is a new leisure airline launching its first flights on February…

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