Saturday, April 25, 2009

Private Companies still flying Private Jets

Because of recent events, it has become politically incorrect to use private jets for business purposes. Why? I was recently reading an article from MSN about companies that refused to give up their jets. Mind you I am not important or rich enough to justify use of these machines, but they do serve a purpose.



Think about business today. It is not restricted only to the office. It can happen anywhere and at any time. A private jet enables an individual to get to a location in a timely matter and complete a job. Business is ruthless, and if you can't get to a particular location to close a deal, someone else will.



Why CEO's elect to own jets


The biggest reason is that it lets them get more work done. "What people don't understand is that business jets are mobile offices," says Robert N. Baugniet, a Gulfstream spokesman. He is exactly right. These jets give their owners room to hold informal meetings, prepare speeches etc... Hard to do if your cramped in tiny seats aboard a Boeing or Airbus.



The other big reason is it allows them access to more areas than flying conventionally. America is a land full of airports. According to Bureau of Transportation about 13175 (in 1996), however less than half are serviced by commercial airlines. Corporate jets are able to fly just about anywhere and at anytime, allowing that deal to get closed!
Danbury Airport (no airlines here)

The article from MSN is partly accurate. However I think it misses the point. Most of the article is focused on the amount of money that is spent on corporate aviation. How much money was made because they had those jets? I suppose we'll never know.








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