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Arik Kislin on the current state of the private jet charter business
[PR-Inside] — Business aviation makes it possible for more businesses to operate over more territory and at an increased tempo.
At the height of the recession, the private jet became the go-to symbol for corporate greed. Pundits and protesters reveled in the irony of auto executives boarding private jets to Capitol Hill to beg for taxpayer bailouts. The industry is battling back–fighting to educate the consumer, executives and especially Capitol Hill–on why the corporate jet is not just a luxury
for the few, but a necessity for business.
People are always surprised to find out that 85% of the companies that use business aviation are actually small and mid-sized companies, they are also surprised to find out that 70 to 75% of the time these planes are flown by middle managers. Commercial flights make for a very limited schedule and the business traveler can enjoy much more efficiency with private transportation. General aviation for business is a great enabler for commercial opportunities for the majority of the US that isn’t in proximity to large urban centers.
The current challenges facing general aviation are formidable. At the heart of many of those challenges is a general lack of understanding about the role general aviation plays every day in the nation’s transportation system, in our communities and in our economy.
“Millions of jobs and businesses of all sizes depend on small aircraft serving our country every day. The industry employs 1.2 million people and generates $150 billion in economic activity annually,” said Arik Kislin, Principal at Linx Industries.
About Arik Kislin
Arik Kislin is a self-made real estate investor, developer and entrepreneur. Arik Kislin is a principal with Linx Industries, a diversified investment company which includes JetFlight International, a Private Aviation Charter and Management Company, The Gansevoort Hotel Group, and Ocean Blue Management. Mr. Kislin began investing in a financial services firm active in the distressed debt market which manages assets in excess of $2 billion. Arik Kislin is a member of the New York Friars Club. For information see www.arikkislin.net or www.linxind.com.
