NBAA, GAMA Champion Study On Business Aviation
Months after events on Capitol Hill negatively associated big business with bizjets, a recent study has concluded that the vast majority of businesses that dominate "the list of companies strongest in corporate governance and responsibility" rely on business aviation. NEXA Capital Advisors LLC, a highly specialized transaction-focused advisory services company for the aerospace and transportation sectors, produced the study. GAMA and NBAA believe the study's conclusion, which states in part that "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," is no surprise. According to NBAA President and CEO Ed Bolen, "This study shows what the people in the business aviation community have always known," that "a business airplane is the sign of a well-managed company." Said GAMA President and CEO Pete Bunce, aviation creates "concrete and unique competitive benefits that are reflected in shareholder and enterprise value."
NEXA's study (PDF) correlates measures of businesses' success with business aircraft. It found that annual revenue growth was higher for business aircraft users than for non-business aircraft users. It found that annual earnings growth was 434 percent higher for users of business aircraft than non-users and that share price growth was 156 percent higher for those companies operating business aircraft, according to GAMA.