Part One – Buy New
Today’s consumer of Business Aviation is sufficiently sophisticated to explore the spectrum of available aircraft, new and pre-owned. Starting with this article, here is a three-part series on factors to consider when choosing between these options.
In my pocket I carry a small mobile device that can connect me to the internet and enable communications with almost anyone throughout the globe. It has read and write capabilities, and it can perform a myriad of calculations at least as complex as those required to place a man on the moon. Without such capability, my options would be severely restrained. Technology has changed what I feel is necessary to support my business and personal life, and it has also changed aviation.
Choosing board members is a critical part of managing a corporation. They can help lead a company in to the future, or steer it to its demise. For key issues like logistics and productivity, having a Board member with Business Aviation experience is highly beneficial. Having Directors with some prior knowledge in this form of transportation can help guide Board discussions regarding the benefits of an aircraft and how best to manage such an asset. Hopefully new Board members would at least look objectively at the productivity enhancements that accrue from the efficiency of travel via business aircraft.
In my company’s employee handbook, we address the use of the company-provided computers: “Computers, computer files, the email system, instant messaging and software furnished to employees are Company property intended for business use. Limited personal use is allowed as long as it is not disruptive to business operations.” We go on to address the fact that all files on the computer are company property. It is simple and clear. While the cost of a computer is less than $2,000, they are ubiquitous in most companies. The total IT budget for computers in a large company is significant. The number of business aircraft in a company is quite few, but the total spend is also quite significant. Is there a business aircraft use policy?