In today’s tough economic times, businesses are having a difficult time justifying the need for corporate aviation. The expense of business aviation travel over traditional commercial air travel is tough to argue when only a simple examination of cost is done. In order to validate the higher expense of business aviation, a company must look beyond a simple comparison of initial cost.
Nexa Advisors, LLC, a transportation and aerospace consulting firm, recently released a report on the benefits of business aviation to a company’s bottom line. The report is based on a comprehensive study of S&P 500 companies between 2003 and 2009. The study compared those companies that use business aviation to those that do not. The study conclusively showed that there is a distinct correlation between the use of business aviation and higher financial performance and shareholder value. As the report states “business aviation is a tool that provides a unique competitive benefit to America’s businesses, manifesting in higher shareholder and enterprise value. In this unique role, business aviation is without substitute.”
In terms of numbers, the report states that on a weighted scale (by market cap as of 2003) companies that used business aviation had 116% higher revenue growth than those that did not. Also, companies that used business aviation saw 434% higher annual earnings growth over non-users. For most companies these impressive numbers would more than cover the added cost of utilizing business aviation.
While these numbers are remarkable, your business might not have the resources available to purchase its own business jet or even a fractional use plan. This is where Paramount Business Jets comes in. Our corporate jet charter service is available to and from anywhere on the globe whenever you need it. From takeoff to landing, our Executive Jet Service Team are on call 24 hours a day, 365 days a year to ensure we exceed your expectations every time. Whether your travel needs call for a light turbo-prop or the Boeing Business Jet, our qualified operators and partners allow us to provide you with the best aircraft to fit your private or corporate jet charter requirements. We have also developed a cost comparison tool that enables you to compare the cost of private jet travel to commercial travel, taking into account the time value of corporate executives.
For more information or a rate quote, please call us at +1-877-727-2538 or visit our website at www.paramountbusinessjets.com
