NBAA and the General Aviation Manufacturers Association (GAMA) welcomed a new study from Nexa Advisors that indicates companies using business aviation outperform those without aircraft. The study examined how S&P 500 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, and then tied key drivers to their business aircraft use. According to the Nexa study conclusions, “Business aircraft users had a dominant presence…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.
STUDY: Bizcraft boost firms’ performance
- September 29, 2009, 7:13 AM