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Companies with Bizcraft Outperform Those Without
NBAA and the General Aviation Manufacturers Association (GAMA) today
welcomed the release of a new study that indicates companies using
business aviation outperform those without aircraft. “A business
airplane is the sign of a well managed company, because business
aviation helps companies of all sizes be more efficient, productive
and competitive,” NBAA president and CEO Ed Bolen said. “It’s no
surprise that America’s best-performing and most-admired companies
rely on business aviation to provide concrete and unique competitive
benefits that are reflected in shareholder and enterprise value,”
added GAMA president and CEO Pete Bunce. The study examined how S&P
500-listed companies performed in revenue growth, profit growth and
asset efficiency from 2003 through 2008, the most recent six-year
period for which complete data was available. Business aircraft use
was then tied to key enterprise drivers outlined in the study.
According to the Nexa study conclusions, “Business aircraft users
had a dominant presence, on average of 92 percent, among the most
innovative, most admired, best brands and best places to work, as
well as dominating the list of companies strongest in corporate
governance and responsibility.” The report also found that business
aviation alone is the only asset capable of accelerating strategic
transactions and therefore providing a competitive edge to
top-performing companies.
Two new studies released in October 2010 underscore the value of
business aviation and the high cost of not using it. Nexa Advisors,
in cooperation with NBAA, studied the value of business aviation to
Standard & Poor’s Smallcap 600 companies from 2005 to 2010. It found
that companies within this group that used corporate aviation had
three times or more the total return on growth, share price growth,
EBITDA growth (earnings before interest, taxes, depreciation, and
amortization) and earnings growth than other companies within this
category who did not use business aircraft. Meanwhile, a new
FAA-funded study released this week has pegged the annual cost of
airline delays to the U.S. economy: $32.9 billion. The study,
sponsored by the FAA’s National Center of Excellence for Aviation
Operations Research (Nextor) and conducted by leading university
researchers, analyzed data from 2007. It included the cost of
passengers’ lost time due to schedule buffer, delayed flights,
flight cancellations and missed connections. The report found that
25 percent of all domestic airline flights were more than 15 minutes
late in 2007. Citing Oxford Economics, the Nextor study noted that
“a dollar spent on business travel earns a return of about $12 in
increased revenue to the traveler’s employer.”
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