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
But does private jet travel make financial sense? Consider an airtravelgenius.com comparison of different fare options for a return flight between London and Paris. To charter a jet for a day worked out at the most expensive option, at around $1,000 per person. A business class ticket for the same journey costs around $840, while the budget airline fee is $239.
But there’s more to it than that. While a private jet may allow you to complete a return journey in a single day, the timings of regular commercial flights may make it necessary to book hotel rooms the night before. In the London-Paris example cited by airtravelgenius.com, that could add a hefty $800 to the ‘budget’ option, significantly cutting into the perceived savings.
So when ‘time is money’, the added expense of the private jet option may well be worth it. But that’s no guarantee that the guy who signs off the expenses (or, indeed, the shareholders) will see it that way…
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