Business aviation is defined as the use of a general aviation aircraft for a business purpose. It is essential to tens of thousands of companies of all types and sizes in the Europe that are trying to compete in a marketplace that demands speed, flexibility, efficiency and productivity. The vast majority of these companies – 85% - are small and mid-size businesses.
Please see some of the key benefits to using a company shared aircraft.
The following list details some of the primary reasons companies utilise business aviation as a solution to some of their transportation challenges. (courtesy of the NBAA and the recorded reports)
· Accessing communities with little or no regular airline service.
Business aviation serves ten times the number of communities (more than 5,000 airports) served by commercial airlines (about 500 airports). This means business aviation can allow companies to locate plants or facilities in small towns or rural communities with little or no commercial airline service. With nearly 100 communities having lost a local convienient airline service, this is important.
· Reaching multiple destinations quickly and efficiently.
Companies that need to reach multiple destinations in a single day may elect to use business aviation because that type of mission could be hard or impossible to complete with other modes of transportation.
· Supporting the travel needs of many types of company employees.
An NBAA survey revealed that 72 percent of passengers aboard business aircraft are non-executive employees. Companies often send teams of employees to a given destination because it is the most cost-effective means of transport over multiple airline flights.
· Moving equipment.
When companies need to immediately move sensitive or critical equipment, business aviation is often the best solution.
· Ensuring flexibility.
Businesses don’t always know in advance where or when opportunities will present themselves. In today’s business environment, companies need to be nimble enough to move quickly. Business aviation provides flexibility for companies that need to ensure employees can respond to changing demands and circumstances.
· Increasing employee productivity and providing security.
Business aviation is a productivity tool – when traveling aboard business aircraft, employees can meet, plan and work en route. Business aviation also allows employees to discuss proprietary information in a secure environment without fear of eavesdropping, industrial espionage or physical threat.
· Keeping in contact.
Many aircraft have technologies that allow employees to remain in communication throughout the duration of their flight. This can be critical for companies managing a rapidly changing situation.
· Providing a return to shareholders.
Studies have found that businesses which use business aviation as a solution to some of their transportation challenges return more to shareholders than companies in the same industry that do not utilise business aviation.
· Schedule Predictability.
More than 3 percent of all commercial airline flights are cancelled. Nearly one quarter are delayed along with long required check in times and security lines. Today, because of record load factors on commercial airlines, if your flight is cancelled or a delay causes you to miss your connection, the odds of you getting on the next flight are significantly reduced. When the future of a company and its employees is dependent upon you arriving on time, business aviation is an important tool allowing you to maximise time and be airborne in most cases within 20 minutes.