Fiscal Responsibilities in Corporate Travel
For corporate executives who report to shareholders, the private air travel expense category can be a real hot button. In private jet travel, the difference between the annual expense of utilizing as-needed air charters compared to the commitment of fractional jet ownership can represent substantial savings. While there is a depreciation advantage to fractional jet ownership, along with some social private jet name-dropping status, there are use and time as well as configuration restrictions.
In addition, there are escalating costs for up-grades that often make fractional jet ownership significantly more expensive than what was originally intended in the contract.
This coupled with a ‘use-it-or-lose-it’ concept inherent in pre-paid stored-value compels the planning of air charter trips for the sake of getting the benefit of what has been already paid for, when in fact some of them might not be 100% necessary.
Reliance on an air charter broker can pay a ‘dividend’ in corporate fiscal responsibility in a number of ways for the executive management team who travels by private jet. Rather than gambling on keeping within a recurring fixed expense of fractional jet ownership under variable need conditions, the use of on-demand air charter keeps the expense at a zero-base so that money is only spent if and when needed.
Private air charter provides the freedom and flexibility for executives to travel by private jet anywhere anytime in the perfect aircraft configuration for the given mission. Air charter makes much more sense than wasting money on having a limited use asset burning up revenue regardless of whether it is utilized or not.
Considering the many benefits of private on-demand air charter, the savvy private jet traveler can enjoy substantial advantages in having a long-term relationship with a seasoned professional air charter broker who knows his or her needs and is always available 24/7.