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To view this page ensure that Adobe Flash Player version 9.0.124 or greater is installed. Today NEXA Advisors is pleased to present this report, with fresh data and insights, updating and revalidating the prior study’s conclusions. Of the Standard & Poor’s. 500 companies studied by NEXA, between 2003 and 2009 users of business air-craft outnumbered nonusers by three to one – a significant finding. Importantly, users found ways to deploy this unique asset, driving increased revenues, profit-ability and efficiency by a wide margin over nonusers. Most surprisingly, we found 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, as well as dominating the list of companies strongest in corporate governance and responsibility. This report carries a powerful message to company boards, government policy-makers and industry leaders: business aviation is a tool that provides a unique competitive benefit to America’s businesses, manifesting in higher shareholder and enterprise value. In this unique role, business aviation is without substitute. The failure of America’s business leaders to grasp important business aviation con-cepts and value drivers could lead to value destruction for our most admired, innovative and successful companies. We conclude that the challenge for any company is to identify all of the potential uses and benefits of these assets and to operate them in ways that will produce the greatest gain. OVERVIEW OF METHODOLOGY How does the use of business aircraft affect the practice and outcome of business? That Utilization yields Benefits that yield enterprise Value formed an ingenious basic methodology for our analysis. This “UBV” methodology links the use of busi-ness aircraft to the fundamental drivers of a company’s long-term value creation. We built on the prior study’s analysis and examined how the S&P 500 performed in revenue growth, profit growth and asset efficiency for the period 2003 through 2007, the most recent 5-year period for which complete data was available. Analy-sis of 2008-2009 data shows similar trends. We tied business aircraft use to these drivers wherever links were possible. We then added the “Top Skeptic” CFO per-spective through wide-ranging interviews of S&P 500 executives to confirm our findings. Lastly, we sought confirmation through an independent cross reference. Using the “Best of” lists, we observed the high degree of participation of business aircraft users among these impressive members. We can confirm that the method-ology is robust. Solid conclusions are possible, and can be found herein. 中国公务机网 www.gongwuji.com 公务机翻译 www.aviation.cn 本文链接地址：BUSINESS AVIATION – AN ENTERPRISE VALUE PERSPECTIVE 2003 – 2009(3) |
