Corporate Aviation in Today's Economy
Title: Corporate Aviation in Today's Economy
Category: /Social Sciences/Philosophy
Details: Words: 1440 | Pages: 5 (approximately 235 words/page)
Corporate Aviation in Today's Economy
Category: /Social Sciences/Philosophy
Details: Words: 1440 | Pages: 5 (approximately 235 words/page)
"Time is money." This statement is as true in today's global economy as it has ever been. To remain competitive means to be mobile. One growing aspect of the corporate world that is becoming increasingly popular is the fractional ownership option of operating a business aircraft. Companies or individuals can own a portion, or a share, of a suitable aircraft, for just a fraction of what an aircraft takes to own and operate a corporate
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a profit the orders could go away. As the fractional ownership takes over the gross profit margins for the manufacturers becomes smaller. With the fractional ownership companies having more purchasing power, this drives the price of the aircraft down. If the manufacturers reduce the price of the aircraft there will be less money for new development. The manufacturers are counting on new aircraft to be more attractive to the new buyers hence increasing sales throughout 2012.