The Benefits of Owning a Corporate Jet
Owning and operating a business jet is all about money. From the variable costs to the fixed costs, it is all about money.
Of course there are two sides to the money issue, one is the obvious cost of owning and operating an aircraft, and the other is the money that a corporate aircraft makes for you. Yes, I said the money it makes.
I know it is said that if it flies, floats, or fornicates it is too expensive, well that may well be true for the last two items, but owning and operating a corporate jet comes with benefits the other two do not.
A corporate jet saves time, lots of time, and “time is money” as they say.
Ok, so money is an idiosyncratic concept, but it is also a fact. You and/or your other decision makers cannot be in two places at one time.
So you can be at the airport for two hours before a flight and have to make connections in many cases to get to your final destination. This often winds up costing you and your team a complete day of travel and the associated overnight costs for a one hour meeting the next day. Then you have to do it all over again to head back home. So a one hour meeting can wind up costing you two or three days of unproductive time sitting and waiting and sleeping. Then there are still all the costs associated with getting to that meeting. What are those associated real costs? Airline tickets, rental cars, hotels rooms, meals, and the 36 lost hours of you and your team’s valuable time.
That will add up to thousands and thousands of dollars. On the other hand, you can jump in your corporate jet, no waiting, fly for an hour and a half to your destination airport without the connecting flight, have your meeting, even go on to another meeting and be home for dinner. Total cost for that trip was three hours of flight time on the corporate aircraft.
So which costs more? Which created a better image? Which allowed your executives to work in transit? Which saved three days of yours and your executive’s time? It is an easy computation to make, and we would be more than happy to work with you on the “justification” of owning a corporate aircraft.
As pilots, we have made thousands of trips like this for the corporations we flew for. We can tell you that all the benefits of owning your own corporate aircraft far exceeds not owning one.
Yes, there is a price tag on that aircraft and its operating costs. There is also a price tag on your time, airline tickets, and hotel expenses. It comes down to working out the costs of mass transit, hotels, meals and you and your employee’s valuation to the company.
So tell us what kind of plane you want, or have, and we will do an analysis on the real costs and values of owing your own aircraft. You and your board will be surprised at how little owning and operating an aircraft is in comparison to not owning one. It always takes a face to face meeting to make deals happen. Computers and WebEx are cute and all, and, while that works out well for some staff, when it comes to executives meeting executives, it still needs to be in person. Let us help you make that happen.
Erudite Solutions for Business Aviation
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