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The Economics of Private Business Jet Travel

Author

Listed:
  • Claire Starry

    (TDS Economics, Menlo Park, CA, 94025, USA.)

  • Gerald W Bernstein

    (SF Office, Stanford Transportation Research Group, San Francisco, CA, 94127, USA.)

Abstract

The use of private air travel for business trips has expanded rapidly over the past few decades. We estimate that the number of U.S. domestic passenger trips per year on business aircraft exceeded 17 million in 2007, or a number equal to about 40 percent of combined domestic first-class, business-class, and full-fare coach airline trips—travel options for which passengers also pay a premium for timeliness, comfort, or privacy. Once a company determines that it can benefit from private business travel, it generally identifies the most cost-effective option, including the operating characteristics of the aircraft and the options for obtaining this service. This paper examines some of the factors that influence decisions on these options, with particular emphasis on the financial and program alternatives that are making it less costly for business travelers to take advantage of private jet travel, thereby expanding its use. Our findings indicate that the customary view of these options is oversimplified and ignores the new ownership (or non-ownership) models for obtaining use of a business aircraft.Business Economics (2008) 43, 36–44; doi:10.2145/20080405

Suggested Citation

  • Claire Starry & Gerald W Bernstein, 2008. "The Economics of Private Business Jet Travel," Business Economics, Palgrave Macmillan;National Association for Business Economics, vol. 43(4), pages 36-44, October.
    • Handle: RePEc:pal:buseco:v:43:y:2008:i:4:p:36-44
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    Cited by:

    1. Pantelaki, Evangelia & Papatheodorou, Andreas, 2022. "Behind the scenes of glamour: A systematic literature review of the business aviation sector," Journal of Air Transport Management, Elsevier, vol. 105(C).

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