Page 44 - Volume 21 Number 11

42 • TWIN & TURBINE November 2017
NATIONAL BUSINESS AVIATION ASSOCIATION • focus
New Study Reaffirms Industry’s Contributions to Successful Companies
Ahead of NBAA’s Business Aviation Convention & utilizing business aviation to support their missions
Exhibition (NBAA-BACE), the largest and most
significant event focused on the global impact of business aviation to companies and communities across the nation and around the world, the Association welcomed a new study of S&P 500 companies demonstrating that by a host of measures, the use of business aviation is the sign of a well-managed enterprise among America’s most highly valued and well-respected companies.
“This report reaffirms what study after study, from one decade to the next, have repeatedly found: smart entrepreneurs and companies understand the value of business aviation in making them more efficient, productive, nimble and competitive,” said NBAA President and CEO Ed Bolen. “As this report makes clear, these are America’s most innovative companies, most admired companies, best brands, best corporate citizens, and best places to work.”
The study, “Business Aviation and Top Performing Companies, 2017,” is the sixth completed by NEXA Advisors, LLC and focuses on the ways S&P 500 companies utilize business aircraft to create enterprise value. Analysts examined the financial performance of the S&P 500 between 2012 and 2017, and found that, over that period, S&P 500 companies
outperformed those not using business aviation, as demonstrated by several key metrics, including drivers of shareholder value.
The latest NEXA study highlights three additional financial drivers positively impacted by using business aviation: Revenue or market share growth, profit growth and asset efficiency. Non-financial indicators positively influenced by using business aviation include customer and employee satisfaction.
The study also indicates that companies that closed their flight departments experienced less financial success, compared to those that continued to utilize business aviation, even during economic downturns.
The study also shows that, using a “best of the best” analysis, leading of the S&P 500 overwhelmingly use business aircraft. These include 98 percent of the top 50 among the “World’s Most Admired Companies,” a list of the global top companies by reputation, compiled by Fortune magazine, as well as 100 percent of the 100 companies in Forbes magazine’s listing of “100 Most-Trustworthy Companies in America.”
This comprehensive report, commissioned for the No Plane No Gain advocacy initiative, which is cosponsored by NBAA and the General Aviation Manufacturers Association (GAMA), may be downloaded at www.nbaa.org/business-aviation/ nexa-business-aviation-and-top-performing- companies-2017.pdf.