First-class commercial airline is declining as more travelers choose to fly privately. Flexjet European managing director Marine Eugène said that “By May last year, we were seeing a spike in interest from people who’d never flown private. Whereas a lot of our existing customers used to fly privately within Europe, but first class for longer […]
Commenting on the impact of worker shortages, Chris Hyzy, Chief Investment Officer of Merrill and Bank of America Private Bank, said, “When you have worker shortage, you have the employment cost index going up, the companies that can actually pass on some of the higher input costs into pricing pressure and push that off and maintain […]
Looking back at the first year of the COVID-19 pandemic, Resilience Capital Partners Co-CEO Steve Rosen likened the years ahead to the Roaring Twenties that followed 1918’s Spanish Flu outbreak, saying, “There’s a feeling of wanting to get out, a feeling of fragility in life.” Read more.
Flexjet has just opened a private terminal for its Owners at Van Nuys Airport in Los Angeles, the latest in a series of such terminals the company has opened nationally that offer exclusive amenities and travel luxuries. Other Directional Aviation companies, such as Sentient Jet and PrivateFly, are offering partnerships with luxury providers. Read more.
Commenting on a projected rebound in travel this summer, Flexjet Chief Operating Officer Megan Wolf said, “The pandemic has exposed a lot of people to private aviation who might never have considered or tried it under normal circumstances. This has allowed the private jet travel industry to better weather the storm.” View.
Marci McGregor, Bank of America senior investment strategist, joined CNBC’s “Closing Bell” to discuss the three C’s in markets: Consumer, capital expenditures and small caps. She says she likely will buy more small caps on the weakness. View.
Natixis Investment Managers portfolio manager and strategist Jack Janasiewicz said that investors will keep reaching for riskier assets to get returns in a U.S. economy poised for growth. Janasiewicz said that “it’s tough to see anything but a continued stretch for risk assets,” with financial conditions being highly accommodative and inflation low: “Inflation is like […]
Commenting on swings in the value of shares of special purpose acquisition companies (SPACs), Easterly Alternatives SPAC portfolio manager Evan Ratner said, “It’s going to be more violent.” Unless government-bond yields record a sustained drop, “volatility is here to stay.” Read more.
Joy Altimare, EHE Health’s chief engagement officer, discussed why women’s mental health and careers are being affected disproportionately during the pandemic compared to those of men, noting, “When we talk about what the future looks like, we’re going to have to rebuild, and that’s something that’s going to require employers to look at their policies […]
Saying that the use of arbitrage in special purpose acquisition companies (SPACs) has faded, Easterly Alternatives SPAC portfolio manager Evan Ratner added that he is taking a value-oriented approach to selecting SPACs, investing in undervalued companies that are mispriced because they went public via SPACs. Read more.