Already a member? Please login below for an enhanced experience. Not a member? Join today
Menu

New resource quantifies business aircraft as an assetNew resource quantifies business aircraft as an asset

Pilots and aircraft owners now have a new online resource to help calculate and explain the value a business aircraft brings to a company’s overall business objectives. The new Business Aircraft E-Valuation Toolkit was announced at the National Business Aircraft Association convention in Orlando, Fla., on Oct. 20.

The toolkit is a part of the No Plane, No Gain campaign underwritten by NBAA and the General Aviation Manufacturers Association—a campaign to help improve the image of business aircraft.

The toolkit identifies five basic resources every company in business aviation should have for measuring an aircraft’s value—regardless of the size or type of the business involved.

  • A policy statement for use of the company’s aircraft.
  • A method for establishing metrics to quantify an aircraft’s value.
  • A document-retention program to catalog relevant information about the missions conducted with the aircraft.
  • A presentation for a company’s internal audiences, so that employees can become advocates for the flight operation.
  • A presentation for external audiences—including the media, lawmakers, and others—so that a company can promote the benefits of business aviation.

The toolkit contains guidance, including documents outlining best practices, sample templates, and other resources. The documents are accompanied by a series of tutorial videos that walk users through the key considerations for developing the five resources. Each of the video presenters outlines the best practices currently used to measure and explain business aviation value; the presenters also provide tips and tools for applying those best practices.

Thomas B. Haines

Thomas B Haines

Editor in Chief
AOPA Editor in Chief Tom Haines joined AOPA in 1988. He owns and flies a Beechcraft A36 Bonanza. Since soloing at 16 and earning a private pilot certificate at 17, he has flown more than 100 models of general aviation airplanes.

Related Articles