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Companies can save more with Private Jets

As corporations are moving in haste to dump their private jets due to the recession, an article published by Business Economics argued that it keeping these aircrafts maybe a more economic alternative.

The article cited that when corporations send four or more executives on long distance first-class trips, it easily costs more than $10,000. While traveling via private jet will be more expensive, it is more efficient when you consider time factors.

With the recession at hand, the private aviation industry is in a slump. However, the article forecasts that the use of private jets will actually increase in the US. The authors say that the industry will reach a peak sometime this year.

“A private jet can be a way to tighten the belt, if it is done properly,” said Ryan Stone, founder of Jetpool—a private jet company. “You have to do the analysis. In many cases, the results would surprise people.”

Jetpool has managed to curtail the effects of the recession by purchasing cheaper jets, like Embraer’s Phenom 100.

“With everyone trying to get more business, your time is more valuable than ever,” said Stone. “The average business trip is taken by fewer than three people and under 500 miles. This jet hits that sweet spot of the average mission for most companies.”