NAFA member, Western Aviation, discusses the benefits of business aviation.
While companies that rely on business aviation represent many different professions and locations, they all have one thing in common: the need for fast, flexible, safe, secure and cost-effective access to destinations across the country and around the world. In many instances, business aviation is the appropriate transportation solution, opening the door to global commerce for small-community and rural populations by linking them directly to population centers and manufacturing facilities. The benefits of business aviation are clear:
- Business aviation allows for efficient, flexible, safe, secure and cost-effective access to destinations across the country and around the world. Because employees can meet, plan and work with each other aboard business aircraft, productivity en route is greatly enhanced.
- In many instances, business aviation is the best or only transportation option available, opening the door to global commerce for small-community and rural populations by linking them directly to population centers and manufacturing facilities. Studies have also shown that business aviation contributes greatly to local economies across the country.
- Business aircraft allow employees to make a trip involving stops at several locations, then return to headquarters the same day. Hundreds or thousands of dollars can be saved on hotel rooms, rental cars, meals and other expenses that would be needed to make the same trip over several days via auto, train or airline transport.
Industry Studies
Business Aviation: An Enterprise Value Perspective – Small and Medium Size Enterprises
This study, conducted by NEXA Advisors, examined whether the use of business aircraft provided benefits to small and medium businesses, measured in terms of shareholder and enterprise value. NEXA Advisors applied the same methodologies in its first volume “Business Aviation: An Enterprise Value Perspective,” published in 2009. With this study, NEXA has extended its sample size to examine small and medium enterprises that used business aviation to better compete and grow their businesses. The analysis showed that small and medium companies in America that used business aviation consistently outperformed nonusers.
If you would like access to the study, email me at David@westernaviation.com.
This article was originally published by Western Aviation on April 27, 2021.
