Can you afford not to own a Time Machine? by Mark Schweibold
There is still a myth being perpetuated by class warfare mongers or individuals not sorting through the facts. The myth is that business jet travel is just for the rich and famous. The following research by Harris Interactive: “The Real World of Business Aviation: A Survey of Companies Using General Aviation Aircraft”{ October 2009}, tells a very different story.
The fundamental message of the Harris study is passengers report spending much more time on work-related tasks aboard business aircraft as opposed to commercial aircraft. When aboard a Business Jet, passengers spend approximately (36%) of their time in meetings with colleagues, 30% of the time is dedicated to doing individual work tasks and the remaining time is spent on no-work related things, such as leisurely reading or sleeping.
Passengers estimate to be 20% MORE productive flying by business aircraft than in the office. This in contrast to being 40% LESS productive on commercial flights. 47% of private jet flights are made into airports with infrequent or no scheduled airline service. 33% of business aircraft flights are into secondary airports. A staggering 40% trips of business aircraft are to airports in communities that never had scheduled airline service.
More productivity, more cities, more prospects, more customers, more time equals more revenue. For CEO’s of small to large businesses time management is crucial as these individuals have multiple responsibilities that condense their available time to focus on the most important issue they all collectively face: their customers. Business aircraft is the only tool that frees up more geographical peer to peer time that makes deals happen, services an important client, and enhances the passenger’s quality of life and productivity. This fact is especially critical for small business owners where the CEO is simultaneously wearing multiple functional hats and is the individual key to seeing their business prosper.
Importantly, today’s modern business aircraft are a marvel of generations of product maturity and refinement. Aircraft efficiencies coupled with predictable operating and ownership costs allow prospective owners to reliably forecast cash flows. The most important ownership element is acquiring the right aircraft at the right price. We have dozens of clients experience exponential growth in their company after the purchase of a business aircraft especially in companies where the senior management team is driving growth. A time machine is a HUGE competitive advantage.