Corporate Business Aircraft

Paper Summary:

This paper provides a critical examination and analysis of the use of business aircraft for corporate travelers. The discussion focuses upon the financial impact owning and operating extremely expensive business aircraft have on a business entity's bottom line. The paper notes, however, that as important as the high costs of such a course are, isolated economic factors are not all that have to be considered by corporations when weighing the positive and negative aspects of corporate aircraft ownership. The great expense involved in owning a business aircraft must be measured against the alternatives, which frequently incur the loss of valuable CEO time, decreased corporate privacy while in flight, increased schedule complications, limited airport access, decreased safety, and the loss of prestige involved in flying commercial carriers such as Air Yak when competitors are globe-trotting in their own thirty-eight million dollar Gulfstream V's.

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