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.