Making a business trip by private jet was normal practice for plenty of top executives in different companies and corporations. This innocent approach hadn't aroused the outrage of society or politicians, until the financial crisis spread all over the world and gripped many countries. Or it is better to say: until the heads of the Detroit Big Three flew to Washington in private jets to tell the Congress that the auto industry is running out of cash and it needs $25 billion in taxpayers money.
The GM, Ford and Chrysler flights to the Capitol caused the indignation of politicians. Surrendering the private jets became one of the conditions of the bailout. The automakers made the next trip to Washington by car and put the jets up for sale. Some other American companies followed this example - Citigroup, AT&T and Time Warner all parted with their planes. The number of used business jets available for sale had risen sharply by the end of 2008.
But does the recent scandal mean that traveling by private jet or ordering a charter flight for business is just a waste of money? Of course it is not easy to prove to some people that jet rental is advantageous. You can see the bill from a jet charter company and calculate the cost for a jet. But how can you convert into money the time you saved and the business opportunities seized with a private jet? Unfortunately, it is pretty complicated to measure time and the growing efficiency of your business in any world currency. But many people understand the benefit they get from using a private jet. That`s why asking prices for used jets have also been also increasing during the last several months. For the most provident travelers and business charter operators the current situation gives an opportunity to acquire a jet at a discount.
Lots of businesses are becoming global; and for many top managers, moving around the world is a necessary fact of life. This process won`t be stopped by the economic crisis. The downturn will make it slower but won`t end it. So the big bosses and small bosses will need to travel more and more all over the world, not only in Europe or the USA but also in China, India or Russia where the road infrastructure is not so perfect as in the Western World. So the best way to go places is to use a private jet.