Companies with Private Jets
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For over five years, NEXA Consultants founded companies that use corporate aerospace to drive non-users in revenue increase, profits, employee happiness and awards.
Get those private jets! S&P 500 companies, a new survey published today, shows that those who have shut down their flying divisions have had less positive results than those who have maintained corporate travel in difficult times. During a five-year five-year five-year period, corporate jet operators increased their revenues by a multiple of 2.4 more than non-users on a weighed and benchmarked number.
In addition, private jets outperformed non-users by 23 per cent in terms of sales increase and non-users by 18 per cent in terms of free float. Business Aviation and Top Performing Companies, 2017" is the 6th survey by NEXA Advisors, LLC. It has been mandated for the No Plane No Gain Advisory Program, jointly supported by the NBAA and the General Aviation Manufacturers Association (GAMA).
"Our members of the aviation group are an integrated, reliable part of our entire Hormel Foods group. Headquartered in Minnesota', we find air travel particularly valued - the saving of our customers' times and the increase in our efficiencies are significant," said Jeffrey M. Ettinger, Chairman, President and CEO of Hormel Foods Corporation.
Marriott International CEO Arne Sorenson added: "We need to realize that corporate aircraft are about enabling individuals to meet, develop visions and develop their culture. S&P 500 companies that use corporate aerospace to help accomplish their mission have exceeded those that do not use corporate aerospace over this time, as a number of KPIs show, among them shareholders value driving figures.
Recent research by NATO highlighted three further financiers that are benefiting from the use of private aviation: Unfinancial performance measures that are favorably affected by the use of corporate air travel are client and staff contentment. It also shows that the S&P 500's leadership position, using a "best of the best" approach, is predominantly in corporate use. The private aeronautical user community includes: