Kippreport investigates if oil prices aren’t the only cause for the market slumpAugust 27, 2015 12:00
The business of… Private air travel
Middle East execs are disregarding those nagging fears about corporate excess, and are choosing to travel abroad in style.
May 11, 2010 3:39 by kippreport
Luxury aside, there are other advantages of private travel. When executives must visit multiple cities within a short space of time, customized travel services can be essential. Imagine trying to put together an IPO in a dozen cities in under three days using commercial services.
Confidentiality is another benefit. When multiple stops and continuous air travel is a necessity, conducting business onboard is a must. An environment of discretion and confidence can be worth much more than the additional cost of private travel.
Traveling with specialty equipment is another reason that some executives choose the private jet. Ensuring the confidentiality and safety of expensive business equipment during travel can be a concern when using commercial carriers and airports.
For these practical reasons, analysts say that the private jet is not just for the super wealthy, but that increasingly, smaller and midsized businesses are counting the added expense as worth it.
UAE: Fuel cheaper in September
Real Estate: Slowdown because of ‘tighter rules’
6 ways to save money
CPL Aromas: ‘We are the company behind fragrance brands’
UAE: ‘Most attractive destination for professionals’