BizAv creates value for best-managed companies: new study
Oct. 22, 2013, Las Vegas, Nv. - The National Business Aviation Association (NBAA) today welcomed a new study showing that companies based around the world are increasingly turning to business aviation for the same reasons as American companies, and are reaping the similar productivity and competitive benefits.
The study, titled "Business Aviation and the World’s Top Performing Companies" is the fifth in the Business Aviation Users study series to be completed by NEXA Advisors, LLC. Earlier studies in the series focused on business aviation use by large companies, small and mid-size organizations, government organizations and companies enduring the challenges of the Great Recession.
"We've done studies of business aviation use at large companies. We've looked at small and mid-sized companies. We've looked at business aviation use in good times and bad times. In each case, what we find is the same: companies using business aviation routinely outperform similar companies that do not use business aviation," said NBAA President and CEO Ed Bolen. "That means, using business aviation is the sign of a well-managed company – which is true for companies of all types, all sizes, all around the world.
"This year, we conducted another study," he continued. "We've looked at whether or not the benefits accrued to American companies using business aviation also accrue to companies based in other locations around the world. The answer is a resounding 'yes.'"
The 2013 NEXA Advisors study reports that business aircraft purchases outside North America have grown significantly, and these growth rates strongly correlate with growth of the value of the top performing companies that use business aviation in these regions.
The study also shows that using a “best of the best” analysis, leading companies around the world are users of business aircraft, including:
• 98 percent of the top 50 among the “World’s Most Admired Companies,” a list of the global top companies by corporate reputation compiled by Fortune magazine
• 88 percent of the top 50 companies in the Forbes magazine listing of the “Global 2000”
• 88 percent of the top 50 companies by revenues in the Fortune listing of the “Global 500”
• 94 percent of the top 50 companies listed in the “Best Global Green Brands” for their sustainable business practices
• 88 percent of all the “World’s Best Multinational Workplaces,” a listing of the best multinationals to work for compiled by Great Place to Work.
And among the top 20 global companies by sector listed in the Forbes’ Global 2000, 85 percent in pharmaceuticals, 100 percent in oil and gas, and 100 percent in aerospace and defense use business aviation.
The 2013 study confirms the findings of the earlier NEXA Advisors studies by concluding that on a global basis, users of business aircraft stand out from their peers as measured independently by leading business authorities, and take top honors in revenue growth, innovation, employee satisfaction and market share. The authors of the 2013 study found that “today’s top performing businesses, true engines of the global economy, need every possible advantage to succeed in the most competitive marketplace ever,” noting that “top performing companies in the world utilize business aviation as a critical tool.”