From the WSJ on Panetta and the EduCap jet:

WASHINGTON — Central Intelligence Agency director designate Leon E. Panetta flew “on one or two occasions” on the airplane of EduCap Inc. founder Catherine B. Reynolds, according to responses Mr. Panetta provided to Congress before his confirmation hearing scheduled for Thursday afternoon.
Mr. Panetta flew with Mrs. Reynolds, who is under investigation by the Senate Finance Committee and the Internal Revenue Service for possible improper use of EduCap’s $28 million corporate jet, from Washington to Sarasota, Fla., for a directors’ meeting of Zenith Insurance Co. Both Mr. Panetta and Mrs. Reynolds serve on Zenith’s board.
Mr. Panetta said he does not recall the dates of his travel, but it was for a business purpose. “As the trip with Mrs. Reynolds was not income to Mr. Panetta, it was not reported on his income tax returns. Mr. Panetta acted in full compliance with applicable tax laws,” according to his statement.