SkyShare, a Utah-based private aviation firm focused on delivering cost-effective and flexible private jet travel, released the results of a survey analyzing the benefits of flying private and primary barriers to entry. The survey, which polled C-suite executives and senior business leaders on their perceptions of business travel, revealed while there is growing interest among business leaders and senior management to use private flight, factors such as perceived cost limit widespread adoption.
Since the pandemic, there has been a significant increase in private flight usage due to its flexibility, efficiency and peace of mind for travelers. Thirty-seven percent of respondents report traveling monthly for business, with 77 percent using commercial flights as their primary mode of transportation.
The study, which surveyed 1,000 full-time individuals who hold executive or senior management roles, found cost and flexibility of fleet options are the most significant factors taken into account when choosing to fly private. In fact, 75 percent of respondents identified cost as the main deterrent preventing them from using private aviation for travel, with the next closest reason being a lack of information on services and the industry (approximately 41 percent of respondents). The survey also saw more than one-third of respondents express a significant desire for peace of mind when traveling (e.g. eliminating layovers, never losing bags, going straight to the plane, avoiding cancelations and delays).
To address these concerns, travel solutions must cater specifically to the needs of today's business leaders. Senior executives and C-suite professionals prioritize options that save time, offer increased scheduling flexibility and reduce travel-related stress, which compounds the stress of their professional lives. Beyond cost being the determining factor among those who fly private, 77 percent prioritize time-saving benefits, 74 percent value increased scheduling flexibility, 69 percent appreciate reduced stress and hassle and 35 percent highlight the opportunity to spend more time with family. These statistics underscore the importance of tailoring travel solutions to the demands of busy executives.
Earlier this year, SkyShare announced a financing program for its fractional aircraft ownership plans, aimed at maximizing the accessibility of private flight. This followed the company’s launch of its SFX+ program, which expanded its fleet with Gulfstream G450s and Challenger 300s, in addition to its existing fleet of Pilatus PC-12s, Citation CJ2s and Citation Excels under the SFX program. All of these efforts make it easier than ever for leaders and entrepreneurs to access private aviation while retaining capital in their businesses.
Source: SkyShare
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