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BUSINESS AVIATION – AN ENTERPRISE VALUE PERSPECTIVE 2003 – 2009(10)

时间:2011-12-13 09:13来源:蓝天飞行翻译 作者:公务机

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What is the likely impact of an increasingly difficult air transportation system on competition, profits and enterprise value? Travelers are focused on “door-to-door” challenges, while airlines are structured for “gate-to-gate.” Only business aviation can uniquely address emerging needs of certain business travelers in today’s complex, war-is-business, environment.
1 NEXA Analysis, 2009
2 FAA Aerospace Forecast, Fiscal Years 2009-2025
3 Bureau of Transportation Statistics, U.S. Department of Transportation
CONTRIBUTION TO THE U.S. ECONOMY
According to data compiled by the General Aviation Manufacturers Association, business aviation:
..Directly supports more than one million jobs in the U.S. with a collective payroll in excess of $53 billion. Direct impacts, such as the sale and operation of an aircraft, multiply as they trigger transactions and create jobs elsewhere in the economy. Service industries such as hotels and catering also benefit from business aviation.
..Strengthens the country’s balance of trade. In 2008, general aviation manufacturers gener-ated $5.9 billion in new airplane export revenue. This was a 28 percent increase over 2007. These exports accounted for 44 percent of the total value of U.S. manufactured general aviation airplanes in 2008.
..Provides a lifeline to communities with little or no commercial airline service.
..Contributes lifesaving services to our communities through charitable and humanitarian flights.
..Helps thousands of businesses of all sizes to be more productive and efficient.
In total, these activities generate more than $150 billion in economic output as well as substantial, additional benefits.


Figure 2: IMPACT OF GENERAL AVIATION ON THE U.S. ECONOMY4
Intangible value (shown in Figure 2) is created by business aircraft use that trans-lates into higher enterprise value, and significantly higher shareholder value. In fact, companies that use business aviation out perform their peers in almost every financial category, including revenue growth, profit growth and asset efficiency. U.S. companies have a distinct advantage on the international competitive arena as well. The potential economic impact arising from this may be difficult to quan-tify, but is there nonetheless, and benefits the country and its citizens.
 
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