Does Renting Private Jets Strengthen Businesses and Communities?

Renting a private jet can seem like an excessive expense, but there is actually a lot of good that comes from private jet rentals. The National Business Aviation Association released its 2010 Business Aviation Fact Book, which demonstrates well the value of the charter airplane industry.

Contributions to the American economy

Business aviation – or renting a private jet – contributes $150 billion to the U.S. economy each year. The industry employs more than 1.2 million people, with jobs from the industry in every state of America. In fact, according to the NBAA, the business aircraft manufacturing industry is one of the few positive contributors to America’s balance of trade. From the manufacturing industry that creates charter planes, to the small airports and service staff that are busy when people charter a private jet, business aviation is an extremely positive contributor to America’s economy.

Provider of vital services

Private jet rentals are essential for smaller communities, especially in emergency situations. For organ transplants, patient transports, law enforcement actions, rescues in emergency situations, firefighting, and even postal deliveries, private jet rental can be a lifeline for communities and individuals, even for those in larger cities who are located closer to community airports. Furthermore, in times of extreme humanitarian need, private jet rentals are often the ones evacuating citizens (as seen in 2011 in Libya), delivering supplies (as seen in 2005 in the aftermath of Hurricane Katrina), and generally supplying logistical support (as seen in 2010 following the earthquake in Haiti).

Essential for Good Business

For safety and security reasons, many business staff choose the option of renting private jets over taking commercial airliners. This is more than just a choice of comfort. On private jet rentals employees can talk candidly about projects and decisions without the fear of eavesdroppers, and they can efficiently use all the tools at their office on the private airplane, without many of the restrictions commercial airlines have.

Moreover, industry lists that rank companies on important factors – like innovation and corporate citizenship – feature firms that are, overwhelmingly. users of business aviation. The efficiency and comfort that comes from renting a private jet seems to contribute to many of the values these highly ranked companies cherish.

Business Coming Back?

According to a recent release from the NBAA, the charter airplane industry is coming back, albeit slowly. It seems the industry mirrors that of the general U.S. economy, with a slow recovery following the sharp contraction of 2008 and 2009. With the business, social, and economic benefits that private jet rentals provide, a soaring charter airplane industry should have positive impacts on other sectors of the economy as well.