Benefits of Business Aviation
Operational Flexibility: the most advantageous benefit of business aviation.
Sixty four percent of current Business Aircraft users reported the schedule flexibility as a primary advantage!
Business Aviation’s distinguishing benefits include:
- The ability to change departure time in accordance with your needs.
- The ability to utilize more airfields. 5,000 airports across the United States, the airlines serve roughly 4% of those.
- Greater ability to avoid traffic or weather associated with routing.
- Value Creation – Work, collaborate or rest en-route.
- Advantage over the competition by simply being available when it’s critical.
Time saved is the most recognized and measurable financial benefit associated with business aviation.
Using business aviation, travel time to a departure airport averages 20 minutes, no early check in times, no baggage check or claim, no security check points to cross. Average time saved is roughly 2.5 hours per trip!
With business aviation, all flights are or can be direct flights, there are no delays associated with congested hubs. Business aviation flight routing vs the airlines schedule results in additional time savings over commercial service (found by PRC Aviation) as:
Trips under 500 mile: 1 hour
500 to 1500 miles : 1 hour 30 minutes
over 1500 miles: 2 hours and 30 minutes
Combining the operational flexibility and airline schedules your average time savings range from 3.5 hours to 5 hours per trip for each passenger.
Note: These time savings include effects that weather, traffic or other factors may cause delays for your plane, but NOT delays the airlines may be subject to in the hub and spoke system. As anyone who has flown can attest, some delays may not even be associated with your origin or ultimate destination.
The hub and spoke system lends itself to more opportunities for delay. Deregulation of the airline industry increased competition and the need to increase efficiency. As a result, the airlines make fewer direct flights and more connecting flights at major hubs. This does indeed increase the airlines efficiency, but the consequences of “Hub and Spoke” means your travel time increases while your efficiency decreases.
Business Aviation eliminates many of the delaying factors of commercial airlines, there is no need to conform to set schedules, avoid delays and missed connection, lost luggage or numerous other factors which can not only cost you time, but money. Time is worth more to users then the total of direct compensation or cost of travel!
In a PRC Aviation conducted study, determination of value for executive time productivity factor.
Executive – 5.7
Middle management and professional – 3.8
Because you have the ability to change almost every aspect of your travel you improve productivity. Additionally, potential cost avoided by reducing the number of overnight stays that may be required, the avoided cost of the airlines, and the money saved from fewer ground transportation cost.
The real value of business aviation comes from the possibility to having an advantage over competition by simply being able to schedule your own time.
Of almost equal importance are the intangible advantages that don’t necessarily have a dollar amount fixed to them, but which can effect productivity.