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To view this page ensure that Adobe Flash Player version 9.0.124 or greater is installed. dominated the list of those companies strongest in corporate governance and responsibility. In other words, the use of a business aircraft is a sign of a well-managed company. With this study, NEXA has extended its sample size to examine small and medium enterprises (SMEs1) that used business aviation to better compete and grow their businesses. We produced our quantitative results by examining how the S&P SmallCap 600 companies performed in key drivers of enterprise value, revenue growth, profit growth, and asset efficiency for the period 2005 through 2009, the most recent five-year-period for which complete financial data was available. We identified the operators of business aircraft within this group of companies with help from industry aviation databases. We also incorporated qualitative assessments from our interviews with SME business aviation operators from both S&P SmallCap 600 and privately owned companies. Our analysis showed that small and medium companies in America that used business aviation consistently outperformed nonusers. EXECUTIVE SUMMARY The small and medium enterprises (SMEs) in this report represent a diverse group of entrepreneurs and organizations in the United States, both privately owned and publicly traded. In comparing their financial results from 2005 through 2009, we found that users of business aircraft outperformed nonusers in important shareholder measures. NEXA Advisors made three key findings from the data analysis and interviews in this study: Superior Financial Performance: Users of business aviation outperformed nonusers in terms of the fundamental drivers of shareholder value. As a group, companies using business aircraft produced better financial results than companies that did not. Reduced Recession Impact: In responding to the worst financial crisis in recent history, termed the “Great Recession” by the U.S. financial press, SMEs using business aircraft were less impacted than nonusers. Indeed, 69 percent of these companies posted greater top line growth2 in 2008 and 2009. 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 2005 - 2010(2) |
