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Identifying the pressures and obligations on Board Members this section is dedicated to addressing the business aviation issues that really matter to the company executive, releasing you to understand and enjoy the full benefits of this essential business tool.
Government and industry have similar needs, outlines Jack Olcott. Like their counterparts in the private sector, public sector employees have the need to be efficient, productive and effective. Thus it is understandable that for certain duties, government at all levels employs business aircraft.
Sequestration was yet another sign that dysfunction and a lack of insightful governance prevail in our nation’s capitol. In the midst of such an atmosphere of uncertainty, the value of Business Aviation rings true, observes Jack Olcott.
Why do turborops seem to periodically enjoy better times than the jet and piston aircraft market segments? Perhaps it has something to do with owner-flying. The top-selling turboprops tend to be aircraft that are continually popular among pilots who fly for their own businesses.
Boards are obligated to develop and oversee policies that serve shareholders, even when dealing with areas that may be outside their fields of expertise. Regarding a company’s need for Business Aviation, Jack Olcott recommends focusing on basic objectives and seeking knowledgeable assistance.