Flying High on the Company Private Jet
Over the years major companies have decided to use private jets instead of the usual commercial aircraft. This enable their CEO’s and executives to leave at a moments notice avoiding the hassles of a fighting the traffic if driving and beating the long lines, security checks, and delays involved when using major airlines. Even though commercial airlines offer First Class and Business Class seating and the options of Frequent Flyer and Presidential Club benefits, there’s no comparison to a company private jet.
Years ago it wasn’t unusual for large companies to own more than one private jet. Some companies even owned their own fleet of jets. The use of the company jet was mainly to fly the executives from the main office, to plant locations and back again, in a quick and easy fashion. This saved time and eliminated the need to try and find a commercial airline that flew to remote locations.
Use of the company’s jet was made available to all executives at their leisure. Because of this, the executive jet was not always used for business matters. As corporations grew in size and the use of the company jet became more in demand, business decided to review the economic function of the use of their company jet. Changes were made, aircraft fleets were sold, or downsized, and the use of air charter services were enlisted.
Today, while many companies have the means to purchase their own private jet, chartering or leasing a jet proves to be another option for these business conglomerates. While owning your own jet shouts power and prosperity, companies have found by renting, leasing, or chartering a jet for business purposes many of their trips and business expenses, including the use of the aircraft, are tax deductible. When running a huge corporation and doing business wisely, every tax deduction counts.
Not only is the executive jet used for travel but also for a means to conduct business on. Meetings are held, presentations are made, and even parties are given. All while in the air. Time is of the essence and company jets offer non-traditional flight amenities. Company private jet use has become invaluable to large and small corporations alike.
Overall the decision to buy or use a private jet service depends strictly on the needs of the company. But if you were to ask a CEO their opinion, it would be “Company Private Jet” all the way.
Copyright 2007 Jim Sterling - All Rights Reserved
Quo Woes: Status Quo or Quid Pro Quo? - City Watch
| ||
Private Jet Use Up 9% Among Execs - Wall Street Journal (blog)
| ||
George Schroeder: Champagne wishes hit cold Duck reality - The Register-Guard
| ||
Off the Radar: Private Planes Hidden From Public View - ProPublica
| ||
Private jet for Chinese superrich comedian | Hao Hao Report Though buying himself a 30-million-dollar-worth Bombardier Challenger 850, skit comedian Zhao Benshan tended to stay low-profile while joining the private jet club. He insisted that the business jet is bought by and for his company, ... | ||
Jet Airways mulls 10-15 pc fare hike; no new routes in FY'11 Private carrier Jet Airways on Friday said it would hike fares by 10-15% this quarter to offset rising fuel prices and would go slow on expansion this year with no new route being added this year... | ||
Jet Airways mulls 10-15 pc fare hike in FY'11 - Press Trust of India
| ||
Off the Radar: Hiding Private Planes ProPublica: Little-Known Program Allows Corporate Jets, Private Planes to Fly in Secret.. | ||
Scots star Amy Macdonald gets private jet to fly in for Belladrum festival . - Scottish Daily Record
| ||
Icejet and JetCom Aviation form alliance with 328 jet fleet - CharterX
| ||
How To Charter A Jet | Small Jet Lease Negotiating a flight with a private jet owner can be a money-saving strategy. Often one can work out a more affordable rate than with a public jet company. The rate is also most likely to be a little lower if the flight is during down ... | ||
[Ads by Yahoo!] Marquis Jet-Official Site NetJets Fleet - 25 Hours At A Time. Call Today About Jet Card Program... | ||
Off the radar: Private planes hidden from public view : Truth is . Chuck Collins, who has studied the costs of private jet travel for the progressive Institute for Policy Studies , said the public has a right to monitor such flights because taxpayers and commercial passengers heavily support business ... | ||
[Ads by Yahoo!] Private Charter Jets Charter Private Jets. Fly Anytime, Anywhere, 24/7. Get a Quote & Fly... | ||
Private Jet Use Up 9% Among Execs - The Wealth Report - WSJ We have written before that private-jet use seems to be slowly getting off the ground after two years of Lear-a-phobia. Here is one more sign: median spending on private-jet use among corporate executives is up 9%... | ||
Luxury Homes of Las Vegas and JetSuite Air Offer Complimentary . [PRNewswire] EUR” Luxury Homes of Las Vegas and JetSuite Air are jointly hosting a complimentary EURœLuxury Home Foreclosure Private Jet TourEUR leaving from Los Angeles to tour three stunning, bank-owned, luxury homes in Las Vegas. ... | ||
Technorati Tags: Private Jet, Flying High on the Company Private Jet, Company Private Jet
