Fly the Friendly Skies with Private Business Jets

In today�s hectic business world, more and more companies are turning to private business jets as the preferred means of transportation to get around the country. Are private business jets really necessary or is it just the perfect executive toy?

When it comes to the modern CEO they�ll be quick to tell you the sky�s the limit with the use of private business jets on the rise. But is that raise the result of more business travel or an increase in personal use?

Talk to any modern CEO and they will be quick to tell you that the sky�s the limit with the use of private business jets on the rise. Is the increase due to more business travel or an increase in personal use?

In 2004, USA Today reported that more than 100 senior managers ran up more than $100,000 in private business jet costs while more than 250 CEO�s ran up more than $50,000 in personal flights. Since 2004, it is estimated that those numbers have more than doubled.

There are many large companies that allow their CEO�s and top executives to use the company�s private business jets for personal travel. If done correctly, it would be taxable income for the employee. Instead, companies are leaving the shareholders to foot the bill.

Since 9/11, there are some larger companies that require their top executives to use private business jets. This method of transportation ensures their safety as well as the safety of their families. You will not find people like J.P. Morgan, Donald Trump, or Bill Gates on commercial flights.

After retirement, some executives are allowed to keep their rights to use private business jets. What a nice benefit! Other agreements allow for the family of the executive to fly free to any destination as long as the private business jet is not already booked for company business.

Since 9/11 private business jets have grown in popularity due to the added security concerns. In addition, there are also tax breaks that let executives fly cheaply; of course companies enjoy the tax break. Personal flight time is a perk that keeps CEO�s happy and more and more large companies are adding private business jets to their fleets. Since the 1990�s, the leasing of private business jets has grown by as much as 75%.

The tone for the use of private business jets has definitely been set with more and more CEO�s, executives, employees, and their families taking advantage of the benefits private business jets can offer.It provides a safe, secure, atmosphere where you can put your feet up and relax or get some work done on your laptop. No standing in line at the airport for hours waiting to clear security. No restrictions on what you are allowed to bring on the plane, no having your luggage taken apart and put back together. With private business jets you are in a league all your own.

There is a perception that private business jets cost too much to lease is actually not true. If you calculate the number of commercial flights your CEO�s and executives take in a year you�ll be shocked at the amount of wasted money and of course wasted time.