Business Jets - Is Owning One a Smart Idea?

by Ray Lam

Many of today’s top business leaders are choosing business jets as they’re primary means for air travel. It’s no surprise that with all the headaches and inconvenience that come with modern air travel, those with the resources and access rely on their business jets to get them where they need to be, on time and refreshed.

USA Today reported that in 2004 more than 100 senior managers rang up more than $100,000 in private business jet costs while more than 250 CEO’s rang up over $50,000 in personal flights. Since then it is estimated that those numbers have more than doubled.

Of course, the downside is that business jets can be extremely expensive. With all the amenities and extras it takes to stock a jet, not to mention fuel, crew and other operating costs, it can add up to a hefty tab pretty quickly. But despite that, many businesses see them as an invaluable asset for catering to their top brass, especially when it comes time to seal that important business deal or get some time away to keep from burning out.

In some cases it’s not just a perk. Some large company’s require their top executives to use private business jets since 911 to ensure their safety and the safety of their families. You will not find people like J.P. Morgan, Herbert Zarkin, Donald Trump, or Bill Gates on commercial flights.

Not surprisingly, many organizations and companies still are doubtful about the idea of business jets; but it goes without saying that those who have used it and know its value, would never like to use scheduled aviation again, if circumstances permit them!

About the Author:

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