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A Valuable Resource for Economic Development

Broad segments of the public know little of Business Aviation or why companies choose to employ business aircraft to augment their need for travel. Using that lack of common understanding- politicians with populous agendas find users of Business Aviation easy targets for their all-to-often divisive rhetoric about fat cats and privileged executives. The facts surrounding Business Aviation clearly support a different message.

Jack Olcott   |   1st April 2014
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Jack Olcott Jack Olcott

Possibly the world’s most recognized advocate, if not expert on the value of Business Aviation,...
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Business Aviation:
A Valuable Resource for Economic Development
Often misunderstood by those not directly involved- business aircraft are productivity tools of well managed and respected companies…

Broad segments of the public know little of Business Aviation or why companies choose to employ business aircraft to augment their need for travel. Using that lack of common understanding- politicians with populous agendas find users of Business Aviation easy targets for their all-to-often divisive rhetoric about fat cats and privileged executives. The facts surrounding Business Aviation clearly support a different message.

As depicted below- research conducted by the NBAA and the General Aviation Manufacturers Association as part of their No Plane No Gain advocacy program shows that public companies using Business Aviation are among our nation’s most respected enterprises. More significant- they consistently return higher rewards to shareholders in terms of dividends and capital gains than non-users.

FACTS OF NOTE:
• More than 75 percent of passengers on business aircraft are sales personnel- middle managers or technicians.

• Numerous studies find that the most admired US companies are users of Business Aviation- according to Nexa Advisors’ 2009 study. Percentages of S&P 500 companies using Business Aviation on the following lists are noted.
o Business Week 2009 “50 Most Innovative Companies”- 95%
o Fortune 2009 “100 Best Places to Work”- 86%
o Business Week 2009 “25 Best Customer Service Companies”- 90%
o Business Week 2008 “100 Best Brands”- 98%
o Fortune 2009 “50 World’s Most Admired Companies”- 95%
o The CRO “100 Best Corporate Citizens”- 90%

• Companies that are the most successful in generating returns for shareholders are users of Business Aviation.

Communicate the benefits of Business Aviation to non-users. They may be surprised by their misconceptions. More important- your company’s reputation will be enhanced.

Do you have any questions or opinions on the above topic? Get them answered/published in World Aircraft Sales Magazine. Email feedback to: [email protected]

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