In a fall 2009 report from Nexa Advisors, LLC, titled "Business Aviation — An Enterprise Value Perspective," Warren Buffett said, "Berkshire has been better off by having me in a plane available to go and do deals."
Buffett is not alone in his embrace of travel in a company plane. Unlike most of the U.S. economy, over the past several years the general aviation segment has steadily grown. ("General aviation" is defined as one of the two categories of civil aviation. It refers to all flights other than military and scheduled airline and regular cargo flights, both private and commercial. The aircraft, commonly referred to as BizJets, can be propeller powered, turbo, or full jet, and either corporate-owned or rented/leased.)
Data from the General Aviation Manufacturers Association showed that in 2009 general aviation aircraft logged 27 million hours and transported 166 million passengers, instructors, pilots, or student pilots. Corporate America is estimated to have flown 17.8 million hours and transported over 100 million company partners or employees.
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