Business Aviation Economics

Topics: United States, Economics, General aviation Pages: 4 (1112 words) Published: December 21, 2010
How is the Business Aviation Industry Critical to the Economic Health of the United States of America?

Jeffrey K Fox SR
Professor Paul Serluco
April 21, 2009
In recent years, policymakers and the general public have expressed alarm over the use of Business Aircraft. While most believe that this is a luxury used only by elitists, it should be recognized as a valuable business tool in a very competitive world that increases productivity, flexibility and dependability; which are attributes of a well-managed firm. This literature review will examine the economic importance that this industry has on the world’s economy and will show how Business Aviation drives success, contributes billions of dollars to the U.S. Economic output and is a major factor in helping our balance of trade.

How is the Business Aviation Industry Critical to the Economic Health of the United States of America? A Review of the Literature
While the mainstream media continues to characterize business aviation as an unnecessary excess and cast it in an unflattering light, the facts disagree with these negative generalizations. According to Jim Hagedorn, Chairman and Chief Executive Officer of the Scotts Miracle-Gro Company “We couldn’t do what we do without an airplane; it’s a tool to get out and do business. That’s all it is, and it would be a major catastrophe for us to give that up.” His company’s Falcon 900, which flies a whopping 600 hours annually, is a crucial factor in keeping Scott’s business blooming. And, for the twelve thousand companies in the U.S. and thousands more worldwide that use their own business aircraft, gaining significant competitive advantage is the real headline. (Patiky, 2009)

It’s a story about success, not excess, says Richard Duchossois, founder and Chairman of The Duchossois Group, a family owned company with interests in consumer products, technology, private equity and venture capital. “We look at our company plane as an...

References: Bolen, E (2007, March 8) Statement of Ed Bolen, President and CEO of National Business Aviation Association. Testimony before the Subcommittee on Aviation Operations, Safety and Security of the U.S. Senate Committee on Commerce, Science and Transportation. Retrieved May 5, 2009, from
Carey, B (2009, January 1) Business Aviation Confronts Slowdown. Retrieved May 2, 2009, from Confronts-Slowdown_28585.html
Esler, D (2009, May 6) When Business Aviation Rebounds. Retrieved May 15, 2009, from
Garvey, W (2009, February 1) The Mile High Office. The New York Times, p.WK 11. Retrieved May 18, 2009, from
Harrington , J (2009, May 30) Business Aviation Fights Back. Retrieved May 31, 2009, from
Harrison, K.J. (2009, June 2) There’s Good news on the Horizon, But the Horizon’s a long way off. Retrieved June 2, 2009, from news-page/article/theres-good-news-on-the-horizon-but-the-horizons-a-long- way-off/
Patiky, M (2009) Business Aviation means Business. Falconer, Issue 34. p.9-13
[1] Interior Completion work from a technical aspect including construction, installation and paint to ensure the Aircraft meets or exceeds the buyer’s quality standards.
[2] The King Air is a twin-engine turbo prop that was first introduced in 1965. (see Chart)
Continue Reading

Please join StudyMode to read the full document

You May Also Find These Documents Helpful

  • business economics Essay
  • Business economics Research Paper
  • business economics Essay
  • Business Economics Discussion Questions Essay
  • Essay about aviation and economics
  • Economic Essay
  • ECONOMICS Research Paper

Become a StudyMode Member

Sign Up - It's Free