Impact of global recession on utilisation of biz jets.
Returning to the thread, rather than talking about excessive corporate pay and bonuses, it is evident that there is already a marked downturn in corporate aviation in the US and Europe.
Some flight departments have closed, the frax companies are delaying their fleet enlargements, and even those aircraft still in corporate use are expecting to fly less hours this year.
However the requirement to fly has not gone away.....it just has to be more judiciously authorised and accountably justified.
The good times will be back and the purse strings relaxed, but until then we need to be extremely careful to exercise the same fiscal prudence that our companies need to succeed in the current economic climate.