New research shows that companies that use private aviation sell more, earn more and have happier and more productive employees
Business aviation is a productivity tool used by thousands of companies and organizations of all sizes. These forward-thinking organizations utilize business aircraft to minimize travel time; enhance the efficiency, productivity, safety and security of key personnel; and remain nimble, competitive and successful in today’s highly competitive marketplace, so says new research. It’s time to separate fact from fiction.
Private jet charter including jet cards and jet membership programs are a bright spot in business aviation
Honeywell has released its 26th annual Business Aviation Outlook and it projects 8,300 new private jets will be delivered over the next 10 years at a value of $249 billion. It’s an interesting comparison to its pre-Recession forecast in 2007 which called for 14,000 net private jets to be delivered over the past decade worth $233 billion.
Chartering a private jet is much more than getting quotes for the hourly rate
Not all private aviation operators are the same. Before you charter a private aircraft, the National Business Aviation Association suggests you ask these questions. Keep in mind that one advantage of jet cards is your provider has set specific sourcing standards, so you only have to go through this once as opposed to every trip or each time there is a switch in the operator. You can compare over 100 jet cards by 65 variables by becoming a subscriber to Private Jet Card Comparisons. There’s more information here. Before chartering a private jet, the questions below will help you find an operator that you are comfortable with.
NEXA Advisors found over five years companies that use business aviation beat non-users in sales growth, profit, employee satisfaction and accolades
Dear John Flannery and General Electric. Hold onto those private jets! A new study released today covering S&P 500 companies shows those that closed their flight departments experienced less financial success, compared to those that continued to utilize business aviation, even during economic downturns. Over a five-year period, users of business aircraft grew their top line by a factor of 2.4 more than non-users on a weighted and indexed basis. Further, private jet users out-performed non-users by 23 percent in revenue growth and users out-performed non-users by 18 percent in market capitalization.
When you fly privately, for charter, with a jet card or private jet membership program, you are making a big impact on the economy from the smallest U.S. towns to the largest cities. Private aviation employment plays an important role in regional and state economies, according to industry statistics. Directly through aircraft manufacturing and airport-related jobs, and indirectly through the purchase of goods and services by firms involved in the manufacture, operation, and maintenance of business aircraft, business aviation is a major employer in the United States
Despite often being criticized by the mainstream business and being a target of government officials private aviation comes through int times of crisis. Groups such as Angel Flight, Air Care Alliance, and Corporate Aircraft Responding in Emergencies, corporate flight departments, operators, and pilots regularly provide life-saving services to people in hard-to-reach communities around the globe.
National Business Aviation Association (NBAA) gave a positive review to the just concluded Asia Business Aviation Conference and Exhibition. “ABACE appears to have met or exceeded everyone’s expectations,” NBAA President and CEO Ed Bolen said in a press release, adding “The industry continues to see opportunities in the region, as illustrated in part by the introduction of two aircraft models displayed for the first time in China. We were also pleased with the strong support for general aviation shown by government leaders here. Clearly, there continues to be enormous potential for business aviation in China, and across Asia.”