Corporate Jet Insider

Want to see the value of owning ones own aircraft? Turn on the News.

Well, as much as the main stream media likes to write about corporate executives owning their own aircraft, you have to wonder about the proverbial man who talked about their being a plank in someone else’s eye, but couldn’t see the one in his.

Sure, a lot of the big networks will put reporters on a commercial airline and send them to do a story.  But in all your travels, have you ever really seen that happen?  Yeah, there was the guy in Die Hard 2 who deservedly wound up getting tasered in the onboard bathroom, but this isn’t really how most network reporters travel.

And when you think of the big urban stations what’s the latest thing for them to all brag about?  Simple.  Not just that they provide daily chopper coverage of morning traffic, fires, car accidents, police chases, natural disasters, tornadoes, and on and on, but also that they now can do it in HD.

There clearly are benefits to owning ones own corporate jet.  We still live in a day and age when and eye-to-eye handshake to close a deal means more than just doing so over a conference call.   Some times just being there, showing a prospect that they are important enough to you to make a personal appearance is all it can take to land the big one.  Just like to the media flying above the scene of a tragedy is something that outwits and out does their competitor stations in a market, or gets them immediately piped in to CNN or FOX News.

It’s time to start calling the news media on this.  Owning ones own personal aircraft has value.  If you want to see it in action, when you wake up in the morning, just turn on the TV.

WSJ’s Robert Frank notes that Private Jet Use is up 9 Percent Among Execs

On his Wall Street Journal Blog from earlier this week, Robert Frank notes that the use of private jets among corporate execs is rising once again after the noted downturn in the nation’s economy–and that’s good news for the industry. Great news, in fact.

Quoting Frank: “Here is one more sign of that: median spending on private-jet use among corporate executives jumped 9% in fiscal 2008/2009 from fiscal 2007/2008, accordinga study by the Corporate Library. The average corporate jet expense during the period was about $131,000, according to the study.”

After hashing through journalistic “balance” to show that not all is rosy in the world, Mr. Frank concludes with a celebratory statement:  “The point is that they are on the upswing, which means a little more rocket fuel for the industry’s comeback.”

Indeed, this is a good sign for improvement in the nation’s economy.  It also helps ensure that consumers in the market for a new or used aircraft will be able to find good deals when wanting to make a purchase.