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Business Aviation Value to Small Companies in Focus At AOPA Summit
NBAA's Nichols Will Present Data from Recent NEXA Report
November 10, 2010
"We've had data for 10 years that shows S&P 500 companies that use business aviation are more efficient than those that don't," said NBAA's Mike Nichols, vice president, operations, education & economics. "Now, for the first time, we have the numbers to prove the same is true for small and mid-size businesses."
Nichols will present that data, from a study recently released by NBAA and conducted by NEXA Advisers, LLC, in a session at the Aircraft Owners and Pilots Association (AOPA) Aviation Summit in Long Beach, CA this week.
The study, a financial analysis of the businesses that make up the S&P SmallCap 600 as well as many privately-held companies, shows that small and mid-sized businesses that rely on business aviation outperform their competitors that do not, demonstrating more productivity and returning more value to shareholders. The results are consistent with a NEXA study released last year which found the same edge in performance for S&P 500 companies.
Nichols hopes the NEXA study will help pilots and owner/operators make the case for business aviation to the people they work with.
"The participants at the AOPA Aviation Summit are generally people that own an aircraft but don't yet use it for business, or pilots that don't own their own aircraft," said Nichols. "For those that are on the fence about using general aviation in the course of their business, the NEXA study should be a valuable resource. Now pilots and owner/operators have hard data to show their investors and managers that similar companies are more competitive because of business aviation. In fact, the survey even shows that the small cap companies using business aircraft were more recession-proof in the recent downturn than their competitors."
Nichols' will present the NEXA data in his session, "How to Use General Aviation for Business Purposes," at the AOPA Aviation Summit on Thursday, November 11 at 10:00 a.m. The session is part of the Light Business Airplane (LBA) Conference programming offered jointly by NBAA and AOPA. For more information on the summit program, visit: http://www.aopa.org/summit/planning.html#scheduleataglance.
To read more about the 2010 NEXA study, titled "Business Aviation: An Enterprise Value Perspective," visit: http://www.nbaa.org/news/pr/2010/20101019-074.php.