Contacts: Dan Hubbard, NBAA, (202) 783-9360, email@example.com Katie Pribyl, GAMA, (202) 393-1500, firstname.lastname@example.org
Washington, DC, September 24, 2009 – The National Business Aviation Association (NBAA) and the General Aviation Manufacturers Association (GAMA) today welcomed a new study showing that, by a host of measurements, companies using business aviation outperform those without aircraft.
“This study shows what the people in the business aviation community have always known,” said NBAA President and CEO Ed Bolen. “A business airplane is the sign of a well-managed company, because business aviation helps companies of all sizes be more efficient, productive and competitive.”
“It’s no surprise that America’s best-performing and most-admired companies rely on business aviation to provide concrete and unique competitive benefits that are reflected in shareholder and enterprise value,” said GAMA President and CEO Pete Bunce.
The study, conducted by NEXA Advisors, concludes: “Business aircraft users had a dominant presence, on average of 92 percent, among the most innovative, most admired, best brands, and best places to work, as well as dominating the list of companies strongest in corporate governance and responsibility.” The report also finds that business aviation alone is the only asset capable of accelerating strategic transactions and therefore providing a competitive edge to top-performing companies.
The study’s authors examined how companies included in the Standard & Poor’s (S&P) 500 performed in revenue growth, profit growth and asset efficiency from 2003 through 2008, the most recent six-year period for which complete data was available. Business aircraft use was tied to key enterprise drivers outlined in the study; S&P 500 executives were also extensively interviewed, and an independent cross-reference of findings was performed.
“In conducting this study, we found that companies using business aircraft outperform non-users across every key financial and non-financial measure of business success,” said the study’s lead author, Michael Dyment, managing director of NEXA Advisors. By way of illustration, Dyment pointed to a number of compelling findings included in the study. For example:
The study also points to a number of other noteworthy connections between well-run companies and those that use business aviation, including the following: