Sept. 26, 2017
Business aviation has again proven its worth as a powerful tool of best-managed companies in the United States, according to a new study by NEXA Advisors.
In its 2017 research, NEXA Advisors examined the financial performance of the S&P 500 between 2013 and 2017, and found that when sorted into “users” versus “non-users,” those companies using aircraft to support their missions out-performed those that did not in several metrics.
S&P 500 business aviation users outperformed non-users by about 70 percent over the past five years. Business aircraft leverage key employee productivity, accelerate transactional closings and boost customer interaction.
“Business aviation delivers extraordinary value for America’s top performing companies, and contributes across the board, in both financial and non-financial measures,” NEXA Advisors said of the study –“Business Aviation and Top Performing Companies 2017” – which was commissioned for the No Plane No Gain advocacy initiative, co-sponsored by NBAA and GAMA.
Business aviation offers financial benefits not only to companies with flight operations, but also to the national economy as a whole. The FAA estimates that business aviation’s contribution to U.S. economic activity is worth $64 billion annually, according to the study. A recent PriceWaterhouseCoopers study concluded that, as part of the overall general aviation segment, business aviation in America helps support more than 1 million jobs, and more than $200 billion in economic activity nationwide.
Companies using business aviation bring great economic value to general aviation airports and the surrounding communities – on average $75 for each dollar invested. A single business aircraft can bring an airport and its service community some $2.5 million in incremental economic benefit, including direct, indirect and induced economic contribution.
Read previous NEXA studies on the value of business aviation.