Debunking The Myths Of Private Aviation
Insight If you’ve ever missed a meeting or wasted hours at an airport because of flight delays and cancellations, you’ve probably thought, with envy, of the alternative of a corporate plane; no lineups, no hassles, no lost time. But, if you also thought that that these flights were limited to high flying mega-corporations, you may want to think again.
Business aviation comes in all sizes: from owning your own plane(s) to fractional or shared ownership, leasing arrangements, and more.
“When you factor in the more efficient use of time and resources, business aviation starts making economic sense.” says Sam Barone, President and CEO of the Canadian Business Aviation Association (CBAA). “Our membership represents both large and small Canadian businesses, especially manufacturers and service providers, who use business aviation as a corporate tool and competitive advantage.
“Business aviation is rapidly becoming a need-to-have, not a nice-to-have,”
With access to business flights, they can visit multiple locations in a single day, deal with customers face to face, deliver personnel and equipment and use the flight time to conduct confidential and secure business. As a result, more and more companies are turning to business aviation as a viable and necessary part of their corporate strategy.”
Growing with the economy
Economically, Canada may be punching above its weight as a trading nation, but given its population and size, commercial airline service is not always enough. Business aviation is often the best or only transportation option available for many businesses and regions, opening the door to global commerce for small-community and rural populations by linking them directly to national and international metropolitan centers and manufacturing facilities.
“We’re seeing an explosion of long haul and overseas business flights,” Barone continued. “Travel to the US and Europe are fairly routine. Our members are now using their corporate planes to conduct business around the world, from Australia to Dubai to Hong Kong. With the government’s emphasis on new bilateral trade agreements, I think this is only the beginning.”
It’s clear that business aviation is an advantage for Canadian companies. What is less well known is how it also contributes to our economy and social well-being.” We have a number of members who are located in and economically support smaller Canadian communities. Because they control their flight times and routes, they chose their locations based on lower costs, a ready labour pool and community life, not proximity to an airport,” Barone explained.
Taking a leap of faith
Business aviation is a significant contributor to the Canadian economy as a whole, particularly the strategic aerospace sector. Based on nation-to-nation comparisons, Canada has the largest business jet manufacturing sector in the world, supporting engine manufacturers, fixed base operations, flight simulators, charter services and private jets.
If you are wondering if your company is ready to make the leap to business aviation, there are a number of tools that you can use to determine the most cost effective way of moving up to your own flight deck.
“Business aviation is rapidly becoming a need-to-have, not a nice-to-have,” Barone concluded. “Once you are ready to consider it for your own business, there are a number of qualified companies that analyse your air travel and help develop a business aviation strategy that includes a risk/benefit analysis, and options for ownership vs. leasing, financing and more.”